#Currency

David Rush’s trial for allegedly taking 303 gold bars and $2m in foreign currency from agency was pushed to next week

The move, to mark the U.S. Semiquincentennial with a commemorative note featuring the President, would require legislation to allow for a living person to appear on paper currency.

Treasury Secretary Scott Bessent said his department stands ready to print the bills if Congress approves legislation allowing a living person to be pictured on banknotes.

Administration officials have pushed to move forward with designing a $250 bill with Donald Trump's portrait and signature, should legislation pass.

The euro could climb to levels last seen five years ago as a drop in hedging costs would drive flows of more than $200 billion and prop up the currency, according to Morgan Stanley.

Federal officials say a traveler headed to Cancun declared $10,000, but CBP officers and a chocolate Lab named Nitro found a whole lot more.

Brazil’s currency slumped Wednesday after a news website linked right-wing presidential candidate Flavio Bolsonaro to Daniel Vorcaro, the former chief executive of a failed bank at the center of a massive fraud probe.

The forint weakened after the Hungarian central bank unexpectedly lowered the interest rate on its foreign-currency swaps following one of the biggest emerging-market currency rallies this year.

India’s foreign-exchange reserves remain strong enough to defend its currency against the Iran-war driven oil shock, with buffers well above stress levels seen during the taper tantrum, according to economists.

Morgan Stanley sees room for the yuan to climb further, but disagrees with more bullish views that the currency is significantly undervalued.

Peru’s chaotic presidential election is taking a toll on business sentiment as a radical candidate edges closer to a runoff following a prolonged vote count.

Japan’s foreign currency reserves at the end of April were largely unchanged from the previous month, likely an indication that currency intervention came too close to the end of the month to be reflected in the data.

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New Zealand’s dollar may defy bearish hedge-fund positioning and rally in the near-term on a hawkish tilt from the central bank and any de-escalation in the Middle East, analysts say.

The pullback followed multiple rounds of intervention by Japanese authorities starting April 30 and through the Golden Week holiday.

The Chinese yuan is more than 20% undervalued against the US dollar, according to Goldman Sachs Group Inc., which expects the currency to keep strengthening over the coming year.

Nigerian assets are rallying across stocks, bonds and the currency as investor confidence builds in President Bola Tinubu’s economic agenda.

The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at a time Japan was likely intervening to support its currency, with markets debating whether the nation offloaded US securities to fund its yen purchases.

Billionaire Ajay Piramal’s Indian shadow lender is looking to raise as much as $1 billion in foreign currency loans this year to meet strong demand for retail credit in the world’s fastest-growing major economy.

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