Tag
Foreign Exchange
12 articles
RBI's $200B Forward Short Shows Peak Dollar Absorption in Rupee Defense
The Reserve Bank of India's record net short dollar position of $200.06 billion in August reflects the structural limits of its currency intervention strategy via foreign currency deposits.
Mexican Peso Weakens as Carry-Trade Unwind Compresses Rate Spreads
The peso fell 1.8 percent to 17.95 per U.S. dollar Monday, driven by narrowing interest-rate differentials between Mexico and the U.S.
BOJ's 25bp Hike Fails to Arrest Yen as Silver Week Approaches
Bank of Japan raised rates to 1.25%, a 31-year high, but the yen weakened toward ¥158/$1 without the hawkish forward guidance needed to support the currency ahead of holiday liquidity drain.
RBI's $136B FX Inflows Yield Positive Carry — But Liquidity Drain Needed
Governor Malhotra argues foreign currency deposits will generate net interest income, not costs, but the RBI must drain ₹5 trillion to offset rupee liquidity surge.
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.
India's Diaspora Deposits Hit $100 Billion as Banks Target $50 Billion More
The RBI's overseas deposit facility has crossed $100 billion in inflows, with Indian banks now running a global campaign to attract an additional $50 billion from wealthy nationals abroad.
RBI Closes Dollar Swap Window Early, Rupee and Short-Term Bonds Sell Off
The Reserve Bank of India shut its FCNR(B) swap facility ahead of schedule, pushing the rupee to 95.61 per dollar and lifting the 10-year bond yield to 6.81 percent.
RBI Cuts FCNR Window a Month Early After $56.8B Floods In
India's central bank moves the FCNR(B) deadline to Aug. 31 from Sept. 30 after inflows across three channels hit $56.846 billion in just over two months.
U.S. Treasury Buys Yen in Joint Intervention With Japan, First in 30 Years
President Trump confirmed the U.S. Treasury purchased between $5 billion and $10 billion in Japanese yen in a coordinated move with Japan's finance ministry to counter yen weakness.
U.S.-Japan Currency Intervention Drives Yen's Largest Rebound in Eight Months
Treasury Secretary Scott Bessent and the Federal Reserve coordinated with Tokyo to reverse the yen's depreciation, pushing the currency up 4.5 percent against the dollar.
RBI Sells $7 Billion to Defend Rupee Against Persistent Dollar Strength
India's central bank executed one of its largest direct interventions in months Friday, selling $7 billion to stabilize the rupee against a surging U.S. dollar.
Egypt Boxing Spectacle Generates $50M FX as EGP Slides to 47.50 Per Dollar
Giza pyramids heavyweight match brings foreign currency inflows as Cairo pursues tourism revenue to support sovereign bonds yielding 19.5 percent