Tag
Currency Markets
7 articles
Sterling Rally to 7-Year High Shows BOE Rate Path Divergence
UK currency strength index hits 2016 peak as markets price in additional Bank of England rate hikes amid persistent inflation and wage pressures.
Euro Slides on Ukraine Risk and French Unrest; Structural Headwinds Persist
The common currency weakened against G10 peers as geopolitical tensions and domestic instability eroded investor demand for euro-denominated assets
Philippine Peso's Structural Weakness Deepens as BSP Abandons Reserve Defense
The peso hit a record low of 62.77 per dollar as the central bank shifts strategy, acknowledging that defending reserves is futile amid a 29% widening trade deficit and $103 billion in reserves.
South Korea's FX Fund Bought $20 Billion From SK Hynix Listing
The Foreign Exchange Stabilization Fund purchased dollars SK Hynix repatriated after its record $26.5 billion U.S. share sale, a source with direct knowledge said.
Rupee Breaks Range as Oil Drop and FPI Inflows Align
The rupee closed at 95.41 Tuesday after breaching key resistance, supported by $2.4 billion in August FPI inflows and a 2 percent crude oil decline.
Thai Baht Rally Set to Fade as Bank of Thailand Holds Dovish Stance
Analysts say the Bank of Thailand's rate-hold decision offers little lasting support for the baht, with oil-driven pressure keeping policymakers in easing mode.
Yen Volatility Persists as Katayama Declines FX Intervention Comment
Japan's Chief Cabinet Secretary's non-committal stance on currency intervention reinforces market uncertainty, prompting a cautious tone across global fixed income and equity markets.