© Reuters. Eisuke Sakakibara, also known as ‘Mr Yen’, has projected that Japan may intervene if the yen crosses the 150 mark against the dollar, with concerns escalating at a level of 155. Sakakibara, who is currently leading the Institute for Indian Economic Studies, expressed these views on Thursday. Sakakibara went on to suggest that
Investing.com– Most Asian currencies moved little on Thursday amid persistent concerns over hawkish signals from the Federal Reserve, while the Japanese yen rose slightly as markets watched for any intervention in currency markets by the government. The dollar remained perched at 10-month highs, with the and moving little in Asian trade. But most regional currencies
© Reuters. The Bank of Mauritius is currently experimenting with the launch of a digital rupee, as confirmed by its Governor Harvesh Seegolam at the Bloomberg Financial Forum on Wednesday. This development is part of the central bank’s initiative to modernize its financial services sector and position itself as a multinational treasury headquarters hub. The
© Reuters. In the wake of the ongoing Ukraine war and subsequent sanctions, Russia’s adoption of the could potentially undermine long-term dollar dominance, according to Beata Javorcik, Chief Economist at the European Bank for Reconstruction and Development (EBRD). This shift is primarily attributed to the diversification of invoicing currencies. The statement was made on Wednesday,
© Reuters. The US dollar’s dominance is being threatened by an increasing shift towards yuan-based transactions between Russia and China, as per a recent academic paper co-authored by EBRD’s Chief Economist Javorcik. This development is primarily due to the aftermath of Western sanctions that have driven a commerce surge between the two nations. According to
© Reuters. The US dollar has seen an uptick against major currencies, including the Euro (EUR), British Pound (GBP), Swiss Franc (CHF), and Canadian Dollar (CAD) on Tuesday. This comes as US yields, including the 2-year at 5.18%, 5-year at 4.632%, and 10-year at 4.560%, have shown a rising trend. Meanwhile, major stock indices are
© Reuters. South Korea is gearing up to implement substantial modifications to its foreign-exchange (forex) trading regulations with the aim of invigorating its money market, announced the Ministry of Economy and Finance on Tuesday. The revised regulations, set to take effect from October 4, 2023, are anticipated to more than double the daily trading hours
© Reuters. The is displaying signs of considerable strain, edging towards the boundary of its 2% fixed trading band against the dollar. This movement reflects the mounting pressures from a robust dollar and escalating real estate difficulties in China. The currency has depreciated over 1.9% from its daily reference rate this week, marking a significant
© Reuters. Investing.com — The pound on Monday looked set to wrap up the third quarter at the end of week with hefty losses against the dollar, and likely faces uphill battle ahead as sterling bulls are throwing in the towel to join the bears in forecasting doom and gloom for the currency following the Bank
© Reuters. Monday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This development coincided with a decline in U.S. government bonds, while stocks remained steady. The and the , heavily influenced by technology companies, showed
