Chinese Yuan Gains Support From Earnings Stability, Limited FX Risk: BNY

The post Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand appeared on BitcoinEthereumNews.com. Swiss Franc Slides As Risk Aversion Fuels US Dollar Demand Skip to content Home Forex News Swiss Franc Slides as Risk Aversion Fuels US Dollar Demand Source: https://bitcoinworld.co.in/swiss-franc-declines-usd-strength-risk-off/

The post Australian Dollar Retreats From Multi-Year Highs As RBA Minutes, China Data Loom appeared on BitcoinEthereumNews.com. Australian Dollar Retreats From Multi-Year Highs As RBA Minutes, China Data Loom Skip to content Home Forex News Australian Dollar Retreats From Multi-Year Highs as RBA Minutes, China Data Loom Source: https://bitcoinworld.co.in/australian-dollar-retreats-rba-minutes-china-data/

The post Japanese Yen: Valuation risks and policy coordination – BNY appeared on BitcoinEthereumNews.com. BNY’s Geoff Yu highlights that the Japanese Yen (JPY) remains significantly undervalued on a Real Effective Exchange Rate (REER) basis even as Euro (EUR) and US Dollar (USD) valuations have converged. He notes United States (US) –Japan coordination on exchange rates is already underway and argues Europe should be more proactive, as sustained JPY weakness poses greater competitive risks for Eurozone exporters than for the United States. JPY undervaluation and European risks “Based on the Bank for International Settlements’ (BIS) Real Effective Exchange Rate (REER) indices, measured by their change over the last five years, the dollar and euro have fully converged in valuation over the past six months. A range breakout would require a significant structural catalyst – the technology drivers behind “U.S. exceptionalism” or the “European strategic autonomy” theme on defense.” “Japan ha

The post South Korean Won Under Pressure As Volatility Persists, Says OCBC appeared on BitcoinEthereumNews.com. South Korean Won Under Pressure As Volatility Persists, Says OCBC Skip to content Home Forex News South Korean Won under pressure as volatility persists, says OCBC Source: https://bitcoinworld.co.in/south-korean-won-volatility-ocbc/

The post Japanese Yen Recovery Faces Key Resistance Near 158.30, Says UOB appeared on BitcoinEthereumNews.com. Japanese Yen Recovery Faces Key Resistance Near 158.30, Says UOB Skip to content Home Forex News Japanese Yen Recovery Faces Key Resistance Near 158.30, Says UOB Source: https://bitcoinworld.co.in/japanese-yen-recovery-resistance-158-30-uob/

The post British Pound Holds Above 1.3500 But Remains Vulnerable Near Two-Week Low appeared on BitcoinEthereumNews.com. British Pound Holds Above 1.3500 But Remains Vulnerable Near Two-Week Low Skip to content Home Forex News British Pound Holds Above 1.3500 but Remains Vulnerable Near Two-Week Low Source: https://bitcoinworld.co.in/british-pound-holds-above-1-3500-two-week-low/

The post Malaysian Ringgit Holds Steady As Economy Outperforms Expectations: Commerzbank appeared on BitcoinEthereumNews.com. Malaysian Ringgit Holds Steady As Economy Outperforms Expectations: Commerzbank Skip to content Home Forex News Malaysian Ringgit Holds Steady as Economy Outperforms Expectations: Commerzbank Source: https://bitcoinworld.co.in/malaysian-ringgit-holds-steady-commerzbank/

The post Indian Rupee: India weighs FX defence as Oil rises – BNY appeared on BitcoinEthereumNews.com. BNY’s Bob Savage reports India is considering emergency steps to protect foreign exchange reserves as higher Oil prices widen the current account deficit. Measures under discussion include fuel price hikes, import restrictions on Gold and electronics, and tighter hedging rules. The Reserve Bank of India (RBI) has already intervened to stabilise the Indian Rupee (INR) after it hit a record low, with reserves near $691bn. Policy toolkit aimed at Rupee stability “India is considering emergency measures to protect foreign exchange reserves amid rising oil prices and a widening current account deficit.” “Proposed steps include hiking fuel prices for the first time since the Iran conflict began, restricting non-essential imports such as gold and electronic goods, and encouraging public fuel conservation.” “Prime Minister Narendra Modi has urged citizens to avoid gold purchases for a year an