November 2024

Asia FX steadies as dollar slides after Fed cuts interest rates

Most Asian currencies steadied on Friday after clocking sharp gains in the prior session, while the dollar nursed some losses after the Federal Reserve cut interest rates as widely expected. Regional currencies recouped a bulk of their weekly losses after the Fed’s move, with some even turning positive for the week. The dollar, on the

Asia FX steadies as dollar slides after Fed cuts interest rates Read More »

3 EM currency trades to consider

Investing.com — With the U.S. presidential election concluding, Alpine Macro (BCBA:BMAm) has suggested three emerging market (EM) currency trades, especially if the Trump administration ushers in heightened protectionism.  The key pairs are shorting the Mexican peso (MXN) against the Brazilian real (BRL), the Chinese yuan (CNY) against the Japanese yen (JPY), and the Thai baht (THB) against the Singapore dollar

3 EM currency trades to consider Read More »

Asia FX muted as China stimulus underwhelms, dollar steady with CPI in focus

Investing.com– Most Asian currencies moved in a small range on Monday (NASDAQ:MNDY) as traders took little cheer from more fiscal spending in China, while the dollar steadied ahead of key consumer inflation data this week. Regional currencies were nursing steep losses in recent sessions as the dollar firmed sharply on Donald Trump winning the 2024 presidential elections.

Asia FX muted as China stimulus underwhelms, dollar steady with CPI in focus Read More »

Brazil’s currency weakens amid government delays in announcing new fiscal measures

BRASILIA (Reuters) – Brazil’s currency weakened on Monday (NASDAQ:MNDY) as President Luiz Inacio Lula da Silva’s administration postponed the release of long-awaited spending-containment measures, despite earlier signals of an imminent announcement. The real fell about 1% against the U.S. dollar, extending its decline for the year to over 16%. The currency’s drop, which raises import costs and

Brazil’s currency weakens amid government delays in announcing new fiscal measures Read More »

Asia FX weakens, dollar near 4-mth high as Trump trade persists

Investing.com– Most Asian currencies weakened on Tuesday, while the dollar traded near a four-month high as traders remained largely biased towards sectors expected to benefit from a second Donald Trump presidency.  The Chinese yuan and the Japanese yen were among the worst-hit by this trade, while risk-driven Asian units were also dented by anticipation of

Asia FX weakens, dollar near 4-mth high as Trump trade persists Read More »

US dollar and bitcoin advance spurred by Trump tariff expectations

NEW YORK/LONDON (Reuters) -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. Trump has vowed to make the

US dollar and bitcoin advance spurred by Trump tariff expectations Read More »