Ruble’s Prospects and Destiny: No Apparent Solver for Difficult Exchange Rate Formula
Restrictive measures for the purchase of foreign currency for individuals and legal entities
March 14, 2022
1749
Currencies
Tightening monetary policy or intervening in the currency market will do little to reverse unwelcome yen declines that inflate already rising fuel and raw material prices.
March 21, 2022
1861
1749
Ruble Obtained Some Ground After CBR Hiked Key Rate to 20 Percent
On February 28 the Central Bank of Russia suddenly hiked its key refinancing rate from 9.5% to 20% saying “external conditions for the Russian economy have changed dramatically.
February 28, 2022
1177
Central Bank of Turkey keeps interest rate at 14% with inflation at 50%
Turkish lira remains weaker against USD after the Turkish central bank decided to hold its key rate at 14%.
February 18, 2022
1954
Scandinavian Currencies Poised to Appreciate Against Euro in 2022
The Norwegian and Swedish kroons/kronas are expected to appreciate against the euro in 2022, overcoming economic tensions caused by the recent resumption of the coronavirus pandemic.
February 11, 2022
1639
Two-year Treasury Yield Reflects Strength of U.S. Dollar. However, Things Can Change within a Year.
Now is not the time to fight Fed hawks or dollar bulls as the euro/dollar pair is back in the spotlight, but the rationale for a more promising outlook for the pair in 2022 remains unchanged as Fed and ECB policy expectations are being adjusted.
February 1, 2022
1738
Japanese Yen Retains Highest Chances to Further Weaken against Dollar Among Peers
The U.S. dollar hit its highest level in nearly five years against all major currencies thanks to wider expectations of the radical change in the Fed’s monetary policy.
January 7, 2022
1909
Australian Dollar May Fall a “Victim” of Softer PBoC Monetary policy in 1H 2022
Recently, the Fx team of Bank of America published its midterm Aussie forecast.
December 27, 2021
1875
Although Turkish Lira Looks Intimidating Before TCB Policy Meeting, Further Drop Past 15.50 to USD Looks Unlikely
We wrote repeatedly about the recent demise of the Turkish lira, caused by Turkey’s Central Bank’s non-conventional monetary policy.
December 13, 2021
1736
The U.S. Dollar Sharply Rose Against Most Regional Currencies: Impact at Zoom Level
The U.S. dollar index, DXY, the widely used tool which tracks the greenback against a basket of its trading counterparts, is at 96.26 – a bit lower, than yesterday, but still above levels seen last week, when global markets started the hiccups.
November 26, 2021
1876
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