Mon, August 15, 2022

Forex

The Euro In Relief From Macron's Election Victory In France

The Euro in Relief from Macron’s Election Victory in France 

After French President Emmanuel Macron defeated far-right rival Marine Le Pen in the country’s first round of presidential elections on Monday, the euro seemed to be snapping a seven-day losing streak versus the dollar. Investor fears over the euro zone’s second-largest economy’s future orientation have impacted the currency, adding to anxieties about the economic repercussions …

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The Yuan Weakening As The Dollar Rises After The Fed Minutes

The Yuan Weakening as The Dollar Rises After the Fed Minutes

On Thursday, the Chinese yuan fell as minutes from the US Federal Reserve’s March meeting revealed overwhelming support for big rate rises; supporting the greenback. The minutes of the meeting boosted the US dollar index to 99.778 overnight, its highest level since May 2020. The most recent reading was 99.572. The People’s Bank of China …

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Russian Equities Rise, The Rouble Eases After Five-Week High

Russian Equities Rise, The Ruble Eases After Five-Week High

In early Moscow trade on Friday, the Russian ruble hit a five-week high against the dollar before settling in the 83-84 zone. In contrast, Russian equities rose as investors focused on developments in Ukraine and the ongoing gas payments problem. The ruble was 0.2 percent lower than the dollar at 83.37 (RUBUTSTN=MCX) at 1319 GMT; …

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The Russian Rouble Is Strengthening Against The Dollar

As the Rouble Rises, US Pushes to Maintain Pressure on Putin

This week, senior U.S. officials fanned out to push other leaders to continue pressure on Moscow; they urged them to join the sanctions and other measures campaign as the Ukraine crisis enters its fifth week. The early economic harm to Russia appears to be ebbing. The initiative comes as the immediate impact of the United …

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On The Day Of $2 B Payment, Russia Launched Eurobond Offer

On the Day of $2B Payment, Russia Launched Eurobond Offer

Analysts believe Russia has offered to buy back dollar bonds expiring next week in rubles; this should alleviate the country’s hard-currency repayment load; moreover, it will allow local investors of the $2 billion sovereign issue to get payment. The offer by Russia’s finance ministry on Eurobonds due on April 4, the country’s largest debt payment …

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The Euro Falls As Investors Remain Wary About Ukraine

The Euro Falls as Investors Remain Wary About Ukraine

The euro sank on Thursday as investors worried about the situation in Ukraine and the lack of progress in peace negotiations. At the same time, the Norwegian crown plummeted after the central bank opted to purchase foreign currency. Russian forces are preparing further strikes, according to Ukrainian President Volodymyr Zelensky; peace negotiations set to start …

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The Russian Rouble Is Strengthening Against The Dollar

Putin’s Proposal for Rouble Payment for Russian Gas Rejected

After talks with his counterparts on Monday, Germany’s Robert Habeck indicated that energy ministers from the Group of Seven industrialized nations reject President Vladimir Putin’s demands that “unfriendly” countries pay for Russian gas in roubles. After a virtual meeting with G7 energy ministers, Habeck, Germany’s economy and climate protection minister, said, “All G7 ministers have …

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The Rand Of South Africa Weakening As The Dollar Strengthens

The Rand of South Africa Weakening as The Dollar Strengthens

The rand fell off a five-month high versus the dollar early Monday as the greenback rallied;  China’s reimposition of a lockdown impacted risk-taking in Shanghai. The rand (USDZAR) was trading at roughly 14.6100 per dollar at 0605 GMT, down 0.43 percent from its closing on Friday, when it hit 14.4738, its highest level since Oct. …

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Wibest – Australian Money: Australian dollar banknotes.

The Australian Dollar Rising as The Yen Falls

On Friday, the Australian and New Zealand currencies had back-to-back weekly gains; the pair was supported by forecasts of rising interest rates and surging commodities prices, which have pushed the Australian dollar to a six-year high. The Australian dollar (AUD=D3) remained steady at $0.7511 after hitting a four-and-a-half-month high of $0.7527 overnight. The high of $0.7555 in …

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Agreement Between India And Russia, Ready In A Week

Agreement Between India and Russia, Ready in A Week

On Wednesday, the head of an Indian exporters’ organization said that India would unveil a payment plan to allow commerce with Russia to continue. According to A Sakthivel, head of the Federation of Indian Export Organizations, the so-called rupee-ruble trading system might be implemented next week (FIEO). FIEO oversees India’s export promotion councils; a government-backed …

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Dollar Flat As Biden Travels To Europe To Impose Sanctions

Dollar Flat as Biden Travels to Europe to Impose Sanctions

The dollar remained steady versus key rivals on Wednesday. The early-week lift from the U.S. Federal Reserve’s strong attitude faded as investors awaited President Joe Biden’s travel to Europe to announce further sanctions against Russia. Biden, who will go to Brussels on Wednesday for discussions with NATO and European leaders, will advocate reducing Europe’s reliance …

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