Currencies

Indian central bank’s likely intervention blunts oil surge, helps rupee avoid record low

US Treasury finds no trading partner manipulated currency for trade advantage in 2025

The US Treasury said 10 leading trading partners remain on a list for enhanced monitoring of their foreign exchange practices.

Dollar hits new 40-year high versus yen, euro lower after ECB decision

The dollar has been rising in recent days as renewed strikes in the US-Iran conflict have caused a reversal in oil prices and again fanned inflation fears

Japan warns of bold action as yen slides past four-decade low of 163 per US dollar

Authorities spent 11.73 trillion yen ($92.9 billion) intervening between April 28 and May 27, yet the yen remains at its weakest level in four decades.

Sterling edges higher after John Healey appointed as new British finance minister

Sterling was last up 0.15 per cent at US$1.3451, rising after falls in the last three sessions.

US Mint will produce $1 coin with Trump’s image, Treasury Secretary says

An illustration of a new coin, featuring US President Donald Trump, released by the Department of Treasury.

Downsides of strong Singdollar: Some S’pore firms’ earnings take a hit

The impact of a stronger Singapore dollar varies widely depending on a company’s business model.

Yen jumps on news Japan to encourage pension funds to invest more domestically

The yen jumped 0.6 per cent to 161.39 per US dollar on the news, as at 10.52am Singapore time on July 10.

Yen jumps suddenly with traders on high alert for intervention

The Japanese currency rose as much as 0.9 per cent to 161.115 per US dollar and was last trading at 161.85, up 0.45 per cent.

Japan shifting to ambush intervention tactics against yen speculators, sources say

Officials are also avoiding any suggestion of a specific “line in the sand” exchange-rate level that would trigger action.

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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.