© Reuters. FILE PHOTO: Takehiko Nakao, former vice finance minister for international affairs and former president of Asian Development Bank, speaks during an interview with Reuters in Tokyo, Japan December 27, 2022. REUTERS/Issei Kato/File Photo By Tetsushi Kajimoto TOKYO (Reuters) – Japan could intervene again to support the yen if it declines further, former top
Share: USD/CHF prolongs its two-month-old uptrend and climbs to its highest level since late June. The Fed’s hawkish outlook, rising US bond yields underpin the USD and remain supportive. Investors now look to the SNB policy meeting for some impetus ahead of the US macro data. The USD/CHF pair touches its highest level
The pair is experiencing significant selling pressure this Tuesday as the US Dollar weakens ahead of the Federal Reserve’s interest rate decision. Meanwhile, Statistics Canada reports that the headline Consumer Price Index (CPI) expanded at a pace of 0.4%, higher than expectations of 0.2%. The annual headline inflation has also accelerated sharply to 4% against
In a significant move aimed at bolstering the lira, Turkey has increased the cost for banks to provide short-term deposits, a policy change that forms part of a $124 billion government-backed lira savings program. The new regulation was issued by the central bank and published in the Official Gazette on Thursday. Under this new rule,
Can the ECB squeeze in one more interest rate hike for the road? Or are they done tightening this time? Here’s what market watchers are expecting for the September ECB decision and how the euro might react. Event in Focus: European Central Bank (ECB) Monetary Policy Statement When Will it Be Released: September 14, Thursday:
Share: “The timing of exit from the easy policy must be not too late but not too early,” Bank of Japan (BoJ) board member Naoki Tamura said on Wednesday. Additional comments Whether scaling back easy policy early next year will depend on various data at the time. Ending negative rate, YCC are all
The news out of China from the weekend was of supportive policy moves: A snippet from UBS, analysts there are optimistic on the developments. On more broader moves from Chinese policy makers: China’s broader package of response measures is starting to take shape. This latest round of measures adds to a growing list of steps
Share: USD/JPY surges to a new YTD high of 146.68, buoyed by Wall Street’s upbeat opening and dovish comments from BoJ Governor Kazuo Ueda. Despite a dip in US 10-year Treasury yields, the pair maintains its bullish momentum, reflecting the Fed’s hawkish stance on further tightening. A packed economic calendar could introduce volatility,
Share: In an interview with CNBC on the sidelines of the Jackson Hole Symposium, “right now I think that we’ve probably done enough and with monetary policy in a restrictive stance” Federal Reserve Bank of Philadelphia President Patrick Harker said. Key takeaways “Fed must deal with inflation and is dealing with it.” “Fed will need to
© Reuters. FILE PHOTO: Sheets of the newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via REUTERS MOSCOW (Reuters) -President Vladimir Putin’s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30%
