Economic Downturn Deepens Troubles of Euro
The euro (EURUSD) reached a 6-month low as investors bet on the end of the rate hike cycle amid gloomy economic prospects.
September 22, 2023
1252
Currencies
By the end of last week, the ruble began showing instability having apparently lost the opportunity of regaining some strength
October 2, 2023
1313
1252
Bank of Russia Hiked Key Rate by One P.P. to 13 Percent, but Market Paid Little Attention
Today the Bank of Russia raised its key rate by 1 percentage point to 13% per annum, along with its inflation forecast for the end of 2023 to 6-7% against the previous estimate of 5-6.5%.
September 15, 2023
1259
World Currencies Remain under Pressure of Strengthening USD
Not only Russian ruble and Argentine’s peso showed multiyear lows this months, but a plethora of other world currencies.
August 18, 2023
1262
Russian Ruble Reached its 17-Month Low. What’s Next?
Russia's ruble fell below 100 per dollar on Monday, near 17-month lows, after Russian President Putin's economic adviser Oreshkin blamed loose monetary policy for the ruble's rapid decline.
August 14, 2023
1302
Russian Ruble vs. Japanese Yen: the Parity is Coming!
On an annual basis, the ruble has lost 57% against the dollar and 73% against the euro, and its precipitous decline continues.
August 9, 2023
1304
“Super Peso” Finally Tumled, but Quickly Recovered Thereafter
The Mexican peso tumbled last week amid a clear trend for global risk aversion, supporting calls on many Fx analysts that the Latam currency was set to reverse after a spectacular 7-month rally.
August 7, 2023
1350
DXY Dollar Index Quickly Stabilized after Initial Dive on Fitch Downgrade
The dollar struggled to recover on Wednesday after Fitch's downgrade of the U.S. government's top credit rating raised questions about the country's financial outlook, although it received some support from relatively solid economic data.
August 2, 2023
1300
USDJPY: Economists Expect Bank of Japan to Raise Forecast for Core Inflation for Fiscal 2023 from 1.8% to More than 2.5%
The Bank of Japan last changed its yield curve adjustment policy in December last year: at that time it increased the tolerance from a quarter to half a percentage point, which shocked economists and caused government bonds to tumble.
July 28, 2023
1302
Japanese Yen’s Bullishness: BoJ’s Household Survey Sees Higher Prices for Longer In Japan
Speculation is mounting that the Bank of Japan will adjust its ultrasoft monetary policy as soon as this month in response to recent economic data, driving the yen to its strongest level against the dollar in about a month.
July 12, 2023
1332
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