Trump’s late-night posts send currency traders to Asian markets

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Financial Times 3d ago

Trump’s late-night posts send currency traders to Asian markets - Financial Times

Quick Summary:

Meanwhile, average daily volume in the dollar’s pairing with the Indian rupee, which is also traded on SGX, increased 46 per cent to $1.9bn over the same period.

On the following Friday, the White House laid out plans for heavy tariffs on Canada, Mexico and China, which all responded that weekend with retaliatory measures.

Average daily volume in USD/CNH, which is traded in Singapore, hit $16bn in the second half of 2024, up more than 50 per cent on the previous year.