The recent fluctuations in the Japanese yen have caught the attention of market participants and policymakers alike. The cat-and-mouse game between speculators and Japan’s authorities has led to significant volatility in the currency markets. While the yen’s slide to near four-decade lows may have initially provided some relief, it has also raised concerns about the
Forex
The U.S. dollar saw a slight decline on Friday following the release of positive retail sales data that alleviated concerns about a looming recession. The Dollar Index, which measures the greenback against a basket of other currencies, experienced a 0.1% decrease to 102.725 after a significant 0.4% surge the previous day. This surge marked the
Recently, BofA Securities analysts have shed light on the Swiss National Bank’s (SNB) intervention in the foreign exchange markets, with the aim of weakening the Swiss franc (CHF) amidst market turmoil. This intervention comes as the Real Effective Exchange Rate (REER) has rebounded from its year-to-date decline, putting pressure on the SNB to ease monetary
Recent movements in Asian currencies have shown a mixed picture, with most currencies firming up against the dollar. However, the New Zealand dollar stood out with steep losses after the Reserve Bank of New Zealand unexpectedly cut interest rates. This move caught markets by surprise and highlighted the challenges central banks face in navigating economic
Citi Research, a prominent financial institution, has recently taken a more pessimistic stance on risk investments. They are advising investors to sell any EUR/USD rallies in the current market environment. This shift in sentiment comes at a time when the EUR/USD pair is trading slightly higher at $1.0926, after experiencing a small decline of 0.3%
The past week witnessed significant turmoil in currency markets, with the yen experiencing particularly dramatic movements against the dollar. However, the start of this week has seen a return to relative calm. Last week’s rollercoaster ride can be attributed to concerns over the U.S. economy and the Bank of Japan’s unexpectedly hawkish stance. Fortunately, the
Recent data released by the U.S. Commodity Futures Trading Commission and LSEG revealed that leveraged funds’ position on the Japanese yen has decreased significantly. The net short stance has reached its lowest point since February 2023, with leveraged funds holding a short position of 24,158 contracts. This marks a substantial shift from the previous week,
The U.S. dollar has steadied near a one-month high after better than expected U.S. jobless claims data. The Dollar Index, which tracks the greenback against a basket of other major currencies, remained largely unchanged at 103.007. The recent drop in initial claims for state unemployment benefits by 17,000 to 233,000 for the week ended Aug.
Mexico’s ruling party is considering changes to a proposed judicial reform in order to address market concerns. One of the main changes being considered is making the election of judges a staggered process over many years. This aims to reduce fears of a political takeover of the judiciary. The original proposal by outgoing President Andres
The Asian currency market saw a downward trend as the dollar strengthened against most Asian currencies, especially the yen. The dollar index and dollar index futures both rose by 0.3%, indicating a renewed investor interest in the greenback. This shift in sentiment was fueled by concerns over a possible U.S. recession that led to a