Stock Market
By Bruce Buterin
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The rupee surged hard. India and the US struck a major trade deal on February 3, sending the currency up 1.
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Finance Minister Nirmala Sitharaman called the agreement a "significant milestone" that should boost exports in textiles and pharmaceuticals while strengthening economic ties…
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The Reserve Bank raised rates by 25 basis points to 4.0%, pushing the Aussie dollar up 1.2% as traders scrambled to buy the currency.
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But China's yuan stayed weak, weighed down by disappointing factory data from earlier this week.
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Japan's yen slipped lower too. Investors are still trying to figure out what the Bank of Japan will do next after its recent policy meeting left more questions than answers about…
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The Thai baht managed to edge higher though, getting a boost from China lifting travel restrictions that should bring more tourists back to Thailand.
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Currency markets stayed pretty volatile overall. Geopolitical tensions and shifting central bank policies worldwide are keeping traders on edge, with most analysts expecting more…
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And the India-US trade deal still needs final approval from both governments. The RBA's next moves are anyone's guess, while the Bank of Japan didn't say much about potential…
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Singapore's dollar saw some choppiness on February 3 after the Monetary Authority decided to keep its current policy unchanged, citing stable inflation but worrying about slowing…
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South Korea's won dropped 0.7% against the dollar following the Bank of Korea's decision to hold rates steady at 3.5%.
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Malaysia's ringgit got a lift from rising oil prices. Brent crude climbed to $92 per barrel, which is good news for Malaysia since energy exports make up a big chunk of the…
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The Philippine peso stayed under pressure, trading near three-month lows as the country's trade deficit keeps widening.
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Indonesia's rupiah managed a small gain of 0.3% after Bank Indonesia kept rates at 5.75%. Governor Perry Warjiyo wants to support the recovery and boost domestic demand, so he's…
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Vietnam's dong barely moved, staying stable while other regional currencies bounced around. The State Bank of Vietnam keeps talking about flexible exchange rates to help…
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Turkey's lira slipped against the dollar to around 27.5 after January inflation came in at 48.5%, down slightly from December but still way too high.
The Currency Analytics
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