China's yuan jumps to 1-1/2 month high on hopes of thaw in China-US trade war

China's yuan jumps to 1-1/2 month high on hopes of thaw in China-US trade war

SHANGHAI: China's yuan leapt to a 1-1/2-month high against the dollar on Tuesday, the first trading session after the holiday, underpinned by investor hopes of a trade deal between the world's two largest economies. © New Straits Times Press (M) Bhd

Asian currencies surge on weaker dollar, oil falls

Asian currencies advanced amid broad weakness in the dollar and US assets as investors awaited further progress on trade deals. Crude oil slumped 3.6% after OPEC+ agreed to a further surge in output.

Emerging Asian Currencies Rally Spurred by Hopes of Trade Deals

The currencies of Taiwan and Malaysia led advances among Asian peers on Monday, with sentiment lifted by hopes of a thaw in Sino-US trade tensions.

Singapore dollar surges to 1.29 to US dollar amid Asia currency rally

Singdollar was up 0.6 per cent to 1.2920 per US dollar as at 12.07am local time. Read more at straitstimes.com.

India's rupee surges amid RBI's $9 billion bond purchase

The rupee closed at 84.58 on Friday in Mumbai, rising 1% in one week after a mix of portfolio inflows, strength across regional currencies, and a heavy dose of bond buying by the Reserve Bank of India. The RBI confirmed plans to buy 750 billion rupees in government bonds this week—around $8.88 billion. That move triggered a shift in the bond market and helped the rupee push past 84, although importer hedging and likely dollar-buying by the centr…