The swap line, which allows the National Pension Service (NPS) to borrow from the central bank's foreign exchange reserves for overseas investment, will be expanded to $65 billion from the current $50 ...

But the biggest point of pressure on Asian currencies was a stronger dollar, as the greenback rallied to an over two-year high after the Federal Reserve slashed its outlook for interest rate cuts in t ...

The Bank of Japan kept its short-term policy rate unchanged at 0.25%, as policymakers remained cautious over Japan’s economic outlook and the path of inflation.The yen weakened against the U.S. d ...

The local currency hit its weakest-ever mark of 6.3139 to the dollar before closing down 2.9% at 6.2896. It was its largest daily decline since November 2022. The currency earlier closed for trading l ...