The Ministry of Finance (MOF) in Japan issued a stern warning to currency speculators on Monday, as the Japanese Yen (JPY) trends towards a rate of 150 against the U.S. Dollar (USD). The warning indicates that the authorities could intervene immediately if this rate is reached. The possible intervention by…

SEOUL (Reuters) – South Korea said on Tuesday it will begin accepting applications starting Oct. 18 from foreign financial institutions for permits to participate in the onshore dollar-won interbank market. The finance ministry said in a statement the government plans to enable qualifying foreign companies to participate in the onshore…

In a turn of events this Monday, the Indian rupee failed to sustain its rally following its inclusion in JPMorgan’s flagship emerging market index, currently trading at a weaker level of 83.1125 against the U.S. dollar, compared to its peak close to 82.80. Despite the temporary surge, economists at Nomura…

The Pound (GBP) experienced further losses on Friday, rounding off a challenging week marked by a deepening contraction in the U.K.’s service sector activity, according to the latest survey. This development has intensified recession fears and fueled expectations that the Bank of England (BoE) has concluded its interest rate hikes.…

Monday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This development coincided with a decline in U.S. government bonds, while stocks remained steady. The and the , heavily influenced by…

Investing.com– Most Asian currencies moved in a flat-to-low range on Monday, remaining under pressure from the prospect of higher-for-longer U.S. interest rates, while the dollar steadied near six-month peaks. Regional currencies were hit hard by hawkish messaging from the last week, as the central bank warned that a recent resurgence…

India’s sovereign bond market, valued at a trillion dollars, is set to witness a significant inflow of foreign capital. This development comes in the wake of JPMorgan Chase & Co. (NYSE:)’s decision to incorporate Indian debt into its emerging market indices. The multinational banking corporation disclosed this strategic move last…

Nigeria’s external debt has surged by N13.38 tn ($17.38 billion) in the second quarter of 2023 due to a significant devaluation of the naira and changes in foreign exchange policies, according to data from the Debt Management Office (DMO). The country’s external debt rose to N33.25 tn ($43.16bn) in Q2…

Investing.com – The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six…

Economic strategists anticipate a potential resurgence of Thailand’s national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by…