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Rouble hits 15-month low past 87 vs dollar on political risk concerns
The Russian rouble weakened past 87 against the dollar to a 15-month low on Thursday, hampered by domestic political risk concerns after an aborted ...
29.06.2023
Japan, South Korea agree to revive currency swap deal
Japan and South Korea agreed on Thursday to revive a $10-billion currency swap deal, building on improving two-way ties to strengthen a regional financial safety net amid increased geopolitical risks.
The swap deal was first agreed in 2001 as a tool to help the two countries combat a financial ...
29.06.2023
Explainer-What would Japanese intervention to boost the weak yen look like?
Japanese authorities are facing renewed pressure to combat a continued yen fall driven by market expectations that the Bank of Japan will keep interest rates ultra-low, even as other central banks tighten monetary policy to curb inflation.
Aside from verbal intervention, Japan's government has ...
29.06.2023
Asia FX dips, dollar steadies as Powell testimony looms
Most Asian currencies fell on Wednesday, while the dollar steadied from recent losses as markets hunkered down before more cues on monetary policy from Federal Reserve Chair Jerome Powell later in the day.
Powell is set to testify before Congress later in the day, potentially offering more cues on ...
22.06.2023
Euro holds ground on world stage despite Russia slashing use -ECB
The euro held its ground as the world's second most-used currency for trade, finance and reserve-building last year even as Russia slashed its reliance on it after being hit by sanctions, a European Central Bank report showed on Wednesday.
The dominance of the U.S. dollar and the euro - which ...
22.06.2023
Powell says he expects dollar to remain global reserve currency
Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of law remain in place in the U.S.
“The status of the dollar as the world’s reserve currency is a very important thing to us,” ...
22.06.2023
Asia FX moves little as markets weigh mixed Fed signals
Most Asian currencies kept to a tight range on Thursday as investors digested mixed signals on U.S. monetary policy, while a market holiday in China kept trading volumes limited.
Federal Reserve Chair Jerome Powell reiterated the bank’s hawkish stance when testifying before the House Financial ...
22.06.2023
Dollar steadies after Powell’s testimony; sterling awaits BOE meeting
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting.
At 01:50 ET (05:50 GMT), the Dollar Index, which ...
22.06.2023
Japan govt says volatile forex market ‘undesirable’
Japan's top government spokesperson said on Thursday that volatile moves in the currency markets were undesirable and that authorities were closely watching the market and ready to take "appropriate" action as needed.
"It is important for foreign exchange markets to move in a stable manner ...
15.06.2023
Crypto: HODL positions without paying swaps
With costs and instrument range top of mind in the decision-making process, brokers who offer some form of cryptocurrency trading while allowing traders to hold their positions overnight without paying any fees have a big advantage over the competition. Even though they remain largely unregulated, ...
15.06.2023
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