As per a recent Reuters poll, there has been a noticeable rise in short positions on emerging Asian currencies, particularly the Indonesian rupiah. This increase in bearish bets is attributed to the resilience of the U.S. dollar amidst uncertainty surrounding the Federal Reserve’s interest rate cuts. Short positions on the Indonesian rupiah have surged to
Forex
In the current global economic scenario, the dollar index has been holding strong, reaching its highest level in over four months. This has had a significant impact on the Japanese yen, pushing it towards its lowest levels in decades. The increased threat of currency intervention by Tokyo has managed to cap further declines in the
In the given information, it is mentioned that the U.S. dollar slipped slightly lower in European trade but remained near an over four-month peak as traders continued to monitor the path of U.S. interest rates. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.505. It
The U.S. dollar has reached its highest level in nearly five months, signaling strength in the currency. This surge was attributed to the unexpected expansion in the manufacturing sector, which was last seen in September 2022. The robust performance in the manufacturing industry led to a significant increase in U.S. yields, notably the benchmark 10-year
The U.S. dollar experienced fluctuations on Tuesday as a result of the latest report indicating that U.S. job openings remained at elevated levels in February. This news led to the dollar hitting its highest point in almost five months. The Japanese yen also experienced some movements, with the dollar index reaching its peak since November
The U.S. dollar has recently stabilized near a four-month high in European trade, largely driven by strong economic data that has exceeded expectations of early rate cuts by the Federal Reserve. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 104.755, just below the previous session’s
Japanese Finance Minister Shunichi Suzuki recently made a statement warning against excessive exchange-rate volatility. This warning comes as Tokyo is trying to prevent a destabilizing fall in the value of the Japanese yen. The minister expressed concerns about the yen’s continued decline despite efforts by the Bank of Japan to boost interest rates. This downward
The recent news of the U.S. manufacturing sector growing in March for the first time since September 2022 has led to a strengthening of the U.S. dollar. This growth is a positive sign for the economy, as it marks the end of 16 months of contraction in manufacturing. According to the Institute for Supply Management
In a recent wave of major central bank policy meetings, hedge funds have clearly shown their preference for the mighty dollar. The latest data from the Commodity Futures Trading Commission reveals that speculators are heavily betting on a stronger dollar, particularly against G10 currencies. The net long dollar position against a range of G10 and
The recent statement by Japanese Finance Minister Shunichi Suzuki regarding speculative moves in the currency market has brought attention to the impact these moves have on the Japanese yen. Despite the warning against excessive declines in the yen, the market continues to see fluctuations that do not align with economic fundamentals. According to Suzuki, various