Forex
By Satoshi Sugiyama and Leika Kihara TOKYO (Reuters) – Japan won’t rule out any options in addressing excess volatility in currency markets, the government’s top spokesperson said on Thursday, issuing a fresh warning against the yen’s decline towards the psychologically important 150-mark per dollar. Chief Cabinet Secretary Hirokazu Matsuno also…
Asian currencies experienced a decline in value on Thursday, reflecting the impact of a surge in the U.S. dollar and the U.S. Federal Reserve’s hawkish monetary policy. The Indian rupee, South Korean won, Taiwanese dollar, Philippines peso, Thai Baht, China , and Singaporean dollar all saw dips in their value.…
HSBC Global Research has recently indicated that Asian currencies may face a challenging period due to the Federal Reserve’s “hawkish” stance. The bank mentioned on Thursday that the persistent risks in Asia show no signs of abating, and the region’s economic climate continues to be uncertain. The bank highlighted China’s…
The Gambia’s currency, the dalasi, continues to hold its position as Africa’s strongest currency this year, according to the central bank governor. The dalasi has appreciated by 0.9% against the U.S. dollar so far, outperforming 23 other African currencies monitored by financial analysts. The central bank attributes this strong performance…
Investing.com– The dollar hit a six-month high against a basket of currencies on Thursday, while U.S. Treasury yields hit multi-year peaks after the Federal Reserve warned that U.S. interest rates will remain higher for longer. The and rose about 0.5% each in Asian trade, hitting their highest level since early-March…
Investing.com– Most Asian currencies tumbled on Thursday, while the dollar rose to six-month highs after the Federal Reserve warned that U.S. interest rates will remain higher for longer. Markets were also largely risk-off before several more central bank rate decisions this week, most notably the Bank of Japan and the…
Arthur Hayes, the former CEO of BitMex, has recently conducted an analysis on the potential capital flight from China, following the (CNY) depreciating nearly 15% against the U.S. dollar (USD) this year. The depreciation has ignited speculation about China’s investment strategies in the face of economic instability. Hayes’ analysis was…
Investing.com – The U.S. dollar traded in a steady fashion in Europe Wednesday ahead of the conclusion of the latest Federal Reserve policy meeting, while sterling weakened after a surprise drop in the headline U.K. inflation rate. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against…
Investing.com– Most Asian currencies moved little on Wednesday, while the dollar steadied near six-month highs as markets hunkered down before an interest rate decision from the Federal Reserve due later in the day. Most regional currencies were nursing steep losses in recent sessions, as markets feared a potentially hawkish outlook…
By Tetsushi Kajimoto TOKYO (Reuters) – Japan could intervene again to support the yen if it declines further, former top currency diplomat Takehiko Nakao told Reuters on Wednesday, and said the time is right for the Bank of Japan to ditch or modify its ultra-easy policy settings. The former vice…