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
1512
Currencies
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
1511
1512
“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
1563
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
1500
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
1500
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
1535
Mexican Peso Has Good Chance to Keep Appreciating Given Big Margin between MXN and USD Inflation-Adjusted Rates
The Mexican peso represents one of very few contrarian stories of an impressive growth against the USD, even though the local economy doesn’t offer nearly as many reasons to believe MXNUSD rally is here to stay.
July 5, 2023
1558
Japanese Monetary Authorities Mull “Plan B” to Stabilize Yen
The yen is under selling pressure again, with rising import costs posing a threat to consumers.
June 26, 2023
953
South African Rand: First Back-to-Back Rate Hike Since 2009
South Africa’s fiat currency plummeted to a record low of 19.7640 against the U.S. dollar on May 25, shortly after the South African Reserve Bank raised interest rates to their highest level since 2009.
June 5, 2023
1548
Turkish Lira Sinks to Fresh Lows on Erdogan’s Victory
The Turkish lira fell to a record low as incumbent Recep Tayyip Erdogan won the 2023 presidential election, extending his reign into his third decade in power.
May 29, 2023
1557
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