Currencies

South Korean economy unexpectedly shrinks on broad weakness

South Korea’s benchmark Kospi index crossed the 5,000 level for the first time on Jan 22, but gains remain concentrated in a narrow set of stocks led by chip giants Samsung and SK Hynix.

Indonesia’s rupiah hits record low on central bank independence worries

The rupiah slid to 16,985 per US dollar on Tuesday ahead of a policy decision by the central bank this week.

Asia stocks slide, gold and silver hit record highs on Trump’s Greenland tariff threat

Spot gold surged 1.7 per cent to US$4,676.22 an ounce as of 7.35am in Singapore, hitting a peak of US$4,690.59 earlier. Silver soared 3.9 per cent to US$93.6305.

Yen hits fresh low against the Singapore dollar on talk of snap election in Japan

The Japanese currency fell as much as 0.5 per cent to 158.91 per dollar on Jan 13.

Iran’s traders, frustrated by economic losses, are turning against its clerics

FILE PHOTO: People walk past closed shops following protests over a plunge in the currency's value, in the Tehran Grand Bazaar, Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo

Singdollar could continue to strengthen against regional currencies in 2026: OCBC chief economist

Ms Ling noted that The Republic is in a “sweet spot” in 2026, given strong economic growth, resilient domestic demand and a stable monetary environment.

Won jumps after South Korea wows ‘strong determination’ over currency

Against the Singapore dollar, the won surged 0.9 per cent to 1,141.66. It still has fallen about 7.5 per cent against the Singapore currency in the last six months.

Thailand eyes tax, trading curbs to limit ‘huge’ gold transactions as baht surges

Thailand’s currency is soaring as traders sell gold in US dollars in foreign markets and then swop the US currency for baht.

Baht soars to 3-year high against Singdollar – but can its strength persist?

A customer and an employee count Thai baht banknotes at a gold shop in Bangkok's Chinatown, Thailand, October 9, 2025. REUTERS/Athit Perawongmetha

Explainer

Travelling to China? Here’s how to use the digital renminbi to pay

A drone show in Chongqing marking the 10th anniversary of the Chongqing Connectivity Initiative on Dec 15.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.