US dollar

US dollar rally builds as hawkish Fed meeting stokes rate-hike bets

The message from the Fed provided a renewed boost to the dollar, which had benefitted from its status as a haven when the Iran war sent oil prices surging.

Japan vows to act ‘any time’ on yen after currency slides on Fed rate hike bets

The yen has wiped out gains made after Tokyo’s last intervention on April 30.

Traders are most positive on US dollar since February 2025

A worker counts US dollar banknotes at a currency exchange office in Jakarta, Indonesia, on June 8, 2026. Indonesia’s finance and central bank officials said over the weekend they will boost efforts to stabilise the currency and attract inflows after the nation’s stocks tumbled at the fastest pace worldwide last week. Photographer: Dimas Ardian/Bloomberg

Korean won breaches 1,560 per US dollar for first time since 2009

The won faced mounting pressure partly from foreign investors’ continued selling of Korean equities.

The new age of economic warfare – and why America is playing with fire

Few people are thinking harder about these questions than Matteo Maggiori, the Moghadam Family Professor of Finance at Stanford University.

News analysis

Thousands of kilometres from Iran war, Asia’s currencies feel the strain

Weaker currencies are pushing up prices for essentials like rice sold in Philippine public markets.

Japan says it has no limits on its yen intervention

Since reported intervention on April 30, the yen has seen multiple sharp gains during Japan’s Golden Week holiday period that concluded on May 6.

Yen jumps abruptly as intervention speculation swirls

Against the Singapore currency, the yen jumped 0.7 per cent to 122.94 per Singapore dollar as at 4.05pm.

Yen jumps as Japan takes on speculators

Japan intervened to prop up the yen against the US dollar on April 30, its first official currency action in nearly two years, sources said.

Investors turn gloomy on the US dollar as Iran war haven demand fades

The US dollar has surrendered most of its war-driven advance over the past week, and is almost back where it was before the fighting erupted at the end of February.

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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.