Currencies
India's Rupee Hits Record Low Against Dollar on Capital Outflows
The Indian rupee weakened to a record 85.40 per dollar as foreign investors pulled $8.2 billion from equities in Q4, pressuring the central bank's reserve management.
Currencies
Currencies
Yen Carry Trade Unwinds as BOJ Signals January Rate Hike
The yen jumped 2.8% against the dollar after BOJ Governor Ueda signaled a January rate hike, triggering a partial unwind of global carry trade positions.
Currencies
Thai Baht Drops to Three-Year Low as Tourism Recovery Stalls
The Thai baht slid to 37.2 per dollar, a three-year low, as Chinese tourist arrivals continued to lag pre-pandemic levels by 30%.
Central Banks
Japan's BOJ Holds Rates at 0.5% as Yen Weakness Persists
The Bank of Japan kept its benchmark interest rate unchanged at 0.5%, signaling patience as the yen lingered near 152 per dollar.