Tag: US Dollar Spot
Yen Rally Takes Pressure Off Japan to Prop Up Battered Currency
The yen rallied after a weaker-than-expected US jobs report spurred bets for earlier interest-rate cuts from the Federal Reserve and weighed on the do [...]
JPY USD: Japan FX Chief Warns No Options Ruled Out After Yen Falls to Key Level
Japan’s top currency official warned that authorities will consider all their options for the foreign exchange market and are ready to respond to any [...]
USD/CNY: Weak Yuan Would Most Impact Southeast Asian Currencies
China watchers calling for Beijing to loosen its grip on the besieged yuan need to be mindful of the risk that it unleashes a chain reaction rocking e [...]
Former FX Chief Says Intervention an Option for Overly Weak Yen
Japan’s former currency chief says intervention is among the options to address an excessively weak yen, speaking ahead of US inflationBloomberg Termi [...]
South Sudan Cracks Down on Parallel FX Market to Fight Inflation
South Sudan has cracked down on forex dealers in the capital, Juba, in a move the country’s top central banker said was part of an effort to stabilize [...]
Onshore Yuan (CNY USD) Falls to Four-Month Low After Key Level Breached
China’s tentative loosening of its vise-like grip on the yuan unleashed a slide in the currency and pulled down its Asian peers along the way.The onsh [...]
NGN: Nigeria FX Market Attracts $1 Billion of Inflows in Two Weeks Since Revamp
Nigeria’s foreign-exchange market attracted more than $1 billion in the past two weeks as market confidence improves following the central bank’s effo [...]
Nigeria Central Bank Vows to Clear Forex Backlog ‘Within a Short Time’
Nigeria’s central bank said it plans to clear a foreign-exchange backlog estimated at about $5 billion within a short space of time as it seeks to att [...]
Nigeria (NGN/USD) Brings Naira Forex Into Open to Defeat Street Market
Nigeria is bringing foreign-exchange trading back into public view, the latest step in its bid to narrow the gap between the official and unofficial r [...]
China Swap Market Goes Into Overdrive as Traders Seek FX Bypass
Trading has surged to a nine-year high in China’s onshore swaps market, an increasingly popular one-stop-currency-shop for everyone from foreign to lo [...]
Bets on Big FX Devaluation (EGP USD) In Egypt Crushed as IMF Deal Nears
Investors are rushing to unwind their bets on a big depreciation of the Egyptian currency early this year as the country’s government is nearing a dea [...]
JPMorgan Cuts Egypt From Key Bond Indexes as FX (EGP USD) Shortages Mount
JPMorgan Chase & Co. will exclude Egypt from local-currency bond indexes tracked by billions of dollars worth of emerging market funds, underscori [...]
Calm Rupee (INR USD) Has Traders Scouting Options in Least Volatile FX Market
An unusually calm Indian rupee is prompting traders to turn to derivatives and other crosses that show more signs of life, according to foreign exchan [...]
USD/NGN: Naira: Tinubu Pledges to Ease Liquidity Crunch: Nigeria Summit
Nigeria expects to receive $10 billion of inflows in the coming weeks that will help ease a liquidity crunch weighing on the naira.The government has [...]
NGN/USD: Nigeria Dollar Supply Jumps After Ban on Some Forex Deals Is Lifted
Dollar supply in Nigeria soared after the central bank scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem [...]