Forex
By Yoruk Bahceli and Dhara Ranasinghe LONDON (Reuters) – Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy’s fiscal position mean headwinds for the euro are getting stronger, raising the risk of a move back towards the psychologically key $1 marker. The euro, trading at its lowest…
TAIPEI (Reuters) -Taiwan’s central bank will intervene in the foreign exchange market if there are “extreme” fluctuations to maintain financial stability, its governor Yang Chin-long said on Wednesday. With the island’s export-dependent economy facing headwinds from slowing global demand for chips and other technology, the Taiwan dollar has lost more…
TOKYO (Reuters) -The Bank of Japan’s money market data showed on Wednesday that Japan likely did not intervene in the currency market a day earlier, as the current account balance was projected to be within market estimates. The BOJ’s projection for Thursday’s money market conditions showed there will be a…
Investing.com — The U.S. dollar dipped on Wednesday, but did not stray too far away from recent gains, as a spike in American bond yields offered support to the greenback. At 06:49 ET (10:49 GMT), the , which tracks the currency against a basket of its peers, was down by 0.2%…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese authorities refrained on Wednesday from disclosing whether they had stepped into the market to prop up the yen and stressed their resolve to act against excess volatility, keeping markets on alert for the chance of yen-buying intervention. After sliding below the…
By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) – The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after a short-lived surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency. The Japanese currency was up…
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s central bank has intervened in the foreign exchange market to manage the supply and demand of U.S. dollars amid market turbulence that has sent the rupiah to its weakest since January, an official told Reuters on Tuesday. Edi Susianto, Bank…
BANGKOK (Reuters) – Thailand’s central bank said on Tuesday it was closely watching movement in the baht currency , which it said is a result of external factors and in line with regional peers. The baht fell to an 11-month low at 37.095 on Tuesday morning. The central bank was…
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – The slow pace of the yen’s recent fall makes imminent market intervention by Japanese authorities less likely than a year ago, when they last stepped in to prop up the currency, former top currency diplomat Hiroshi Watanabe said on Tuesday. Japan…
The currency pair is currently teetering on the significant 150 level, influenced by minor fluctuations in U.S. Treasury yields, as of Tuesday. Market speculation is focused on the potential intervention by the Japanese Ministry of Finance (MOF), which could trigger follow-on trades and stops if this level is exceeded. Goldman…