Know What's Happening in Currencies
Know What's Happening in Currencies
Yen emerges as world’s cheapest funding currency, fueling a $435B carry‑trade
The Bank of Japan’s ultra‑loose stance has turned the yen into the cheapest source of funding globally, underpinning a massive carry‑trade that amassed roughly $435 billion between 2022 and 2024. A modest rate hike in March 2024 barely dented the trade, but markets remain wary of a sudden, aggressive tightening that could compress spreads and force borrowers to unwind yen‑denominated debt.
President Vladimir Putin signed a decree that, effective April 1, 2026, prohibits individuals from exporting cash rubles worth more than $100,000 to Eurasian Economic Union (EAEU) members. Legal entities and individual entrepreneurs are barred from any cash export, with limited airport exceptions, reshaping cross‑border ruble transactions.
China’s annual trade surplus now exceeds $1.2 trillion, yet official foreign‑exchange reserves remain around $3 trillion. Export firms split operations between domestic manufacturers and offshore entities in Hong Kong, Singapore or the UAE, invoicing only production costs locally while retaining full profits abroad...
CHFJPY SELL LIMIT 203.292 SL 204.154 TP 197.662 📊 CHFJPY Signal Update This CHFJPY signal was created by combining the Weekly, Daily, and H4 timeframes to achieve a high-probability setup. 🔍📈 🎯 Going forward, we will share signals in this structured format so the community...
Intro econ for NYT reporters, oil was priced in yen it would be going up more in percentage terms in yen than it is going up in percentage terms in dollars. The unit is just a convention https://t.co/zCOwmbyJQv
PrimeXBT was named Best Trading Conditions – Asia and Best Forex & CFD Broker – Asia at the World Business Outlook Awards 2026. The accolades highlight its ultra‑fast execution, 99.98% uptime and access to over 350 markets, positioning the broker...
The Swiss National Bank disclosed that 2025 delivered a record volume of new Swiss franc bond issuances and a surge in issuers, signaling deeper market liquidity. While exact figures were not disclosed, the report came alongside the SNB’s decision to...
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The guide explains beggar‑thy‑neighbor policies—tariffs, quotas, and currency devaluation—as tools nations use to protect domestic industries at the expense of trade partners. It traces the concept from Adam Smith’s critique through the Great Depression, post‑World War II Japan, and the 1990s...
Foreign issuers pushed panda bond sales in mainland China to 27.8 bn yuan ($4 bn) in March, more than tripling year‑to‑date volume. The surge comes as the Iran war pushes borrowers toward the yuan‑denominated on‑shore market, marking a record month for foreign...
The Reserve Bank of Australia (RBA) has accelerated its tightening cycle, pushing the cash rate to 4.35% as inflation remains above target. The aggressive stance has sharply increased borrowing costs for households and businesses, curbing consumption and investment. Critics argue...
This is a really great divergent policy thought we should keep on our radar. If it comes to fruition, we could see a collapse in treasury yields. Fantastic work from @ericwallerstein ! “The solution: the Fed should expand FIMA access to sovereign wealth...
Asian economies from India to South Korea are feeling a double squeeze as oil prices spike and the U.S. dollar reaches its strongest level against regional currencies in two decades. The war in the Middle East has choked the Strait...
Federal Reserve Governor Miran delivered a strongly dovish speech, arguing that inflation risks are muted despite a recent oil price surge. He cited measurement challenges and minimal impact on market inflation expectations, while warning that the labor market is on...
TLT lost $1.2B. HYG lost $623M. 10Y at 4.38% and rising. In a war. Who buys the bond dip? Foreign CBs may be selling to defend currencies vs DXY near 100. Pension funds face oil inflation that muddies the real yield math. Rate-cut traders...
Singapore’s Monetary Authority has invited Ripple to join its Borderless, Liquid, Open, Online, Multicurrency initiative, using the XRP Ledger and Ripple’s USD‑linked stablecoin (RLUSD) to settle cross‑border trade. The pilot automates payment release the moment a shipment is verified, eliminating...
The renewed Iran‑Israel conflict has driven Brent crude above $100 a barrel, igniting inflation concerns in oil‑importing emerging economies. The price spike has knocked Asian equity indices and currencies lower while also tightening global gas markets.
The Reserve Bank of India intervened through state‑run banks, selling dollars to keep the rupee from slipping past the 94 per dollar barrier. The move came as a wave of non‑deliverable forward (NDF) maturities and foreign institutional investor (FII) outflows...
Powell's Inflation Excuse – It's All BS! Powell: "Inflation was global so you can't blame us." Me: That's BS. Every central bank made the same mistake – cutting rates, printing money, flooding economies. That doesn't excuse the Fed. It proves they ALL...
China is projected to overtake the United States as the world’s largest economy within the next decade, according to a University of Hong Kong political science professor. The forecast draws on IMF and World Bank growth trends that show China’s...
Bank of England Monetary Policy Committee member Megan Greene said she is "not close" to voting for a rate hike at the April 30 meeting, despite being the committee's most hawkish voice. She highlighted a sharp rise in one‑year inflation...
The dollar index jumped 0.2% to 99.42 on Thursday, while the euro slipped to $1.1584 and the pound fell to $1.3383 as investors retreated from fleeting optimism over a U.S.–Iran de‑escalation. The move follows a failed peace‑talks narrative, a U.S....
Analysts including S&P Global, Goldman Sachs and the RBI have lowered India's GDP growth outlook, citing soaring oil import bills, geopolitical uncertainty and a weakening rupee. The downgrade reflects widening pressures on the private sector, from corporate tax reforms to...
The USD/CHF pair is locked in a choppy, range‑bound pattern as lower highs and higher lows signal a lack of clear direction. Both the 100‑hour and 200‑hour moving averages have converged near 0.7888, with price hovering just above, giving buyers...
The webcast examines Kevin Warsh, President Trump’s nominee to replace Fed Chair Jerome Powell, and his likely dovish stance under presidential pressure. It models three possible durations of the Iran conflict to gauge their impact on monetary policy under Warsh...
MoonX, a Saint Lucia‑registered derivatives exchange, has broadened its offering to include six major Forex pairs and spot gold and silver, all with up to 1000 × leverage. The new assets sit alongside the platform’s existing 300+ cryptocurrency futures, allowing traders to...
The U.S. import price index jumped 1.3% month‑over‑month in February, the strongest gain since March 2022, driven by a 3.8% rise in fuel imports and a 1.1% increase in non‑fuel goods. Capital goods such as computers and industrial machinery posted...
The U.S. dollar is stuck in a tight trading range as markets await a fresh catalyst, while U.S. equities rose and Treasury yields slipped. Iran’s announcement to allow non‑hostile ships through the Strait of Hormuz helped lift stocks, lower oil...
DXtrade, Devexperts' multi‑asset trading platform, has integrated Gold‑i’s Visual Edge risk‑management tool, giving brokers real‑time visual analytics, automated alerts and scalper detection. The addition expands DXtrade’s feature set beyond its existing MatrixNET liquidity‑management integration. Brokers can now monitor exposure, P&L...
European Central Bank President Christine Lagarde told a Frankfurt conference that the ECB will act decisively if a surge in energy costs linked to Iran threatens broader inflation. She emphasized the bank will not be "paralyzed by hesitation" and reiterated...
India's REER (Real Effective Exchange Rate) index is substantially below 100, no matter which currency basket we use. Below 100 means the rupee is undervalued. I have issues with the index (which only uses good trade, not services) - if...
Bank of Japan minutes from the January meeting show policymakers leaning toward additional rate hikes, citing persistent inflation and a depreciating yen. The central bank kept the short‑term rate at 0.75% but signalled a hawkish shift, while markets price a...
Morgan Stanley issued a stark research note warning that a hawkish Federal Reserve, rather than economic weakness, now poses the greatest risk to markets. The bank says investors are underestimating the Fed's inflation‑first stance after the March 18 FOMC held...
Bulgaria’s switch to the euro was the culmination of a multi‑year overhaul that fortified banks’ balance sheets, upgraded risk‑management practices, and aligned the sector with European standards. The transition unfolded smoothly, with payment systems operating normally and no immediate credit‑risk...
The latest Elliott Wave analysis shows USD/JPY recovered from an early‑week decline, returning to its opening level. Traders are now watching whether the pair can break the psychological 160.00 yen barrier. The analysis suggests bullish momentum may resume if wave...
UK inflation held at 3% in February 2026, matching expectations and marking the lowest level since March 2025. While the headline rate was unchanged, clothing and footwear prices rose 0.9% and housing costs ticked up to 4.6%, indicating emerging retail...
The Bank of Papua New Guinea presented its March 2026 outlook, projecting GDP growth of about 3% after a strong 5.3% expansion in 2025 and forecasting headline inflation near 4% despite a fresh Middle‑East energy shock. The Monetary Policy Committee kept...
The markets now think the ECB and BOE will now hike rates by at least 50bps apiece, and the RBA will hike by at least another 50bps on top of the 50bps they've done already. The PMI data says otherwise....
A lot of oil importers have been intervening pretty heavily to keep their currencies from depreciating and adding to the oil price shock. Turkey is one of the more interesting cases, as its fx reserves remain limited 1/2 https://t.co/zsikWfgTxD
PrimeXBT was named Best Forex & CFD Broker – Asia and Best Trading Conditions – Asia at the World Business Outlook Awards 2026. The accolades highlight the broker’s rapid expansion in Asian derivatives trading and its integrated crypto‑TradFi offering.
Canadian Dollar Forecast: USD/CAD Surges 2% After Breakout – 1.38 Now the Battleground https://t.co/41a7o4JqSD $USDCAD Weekly Chart https://t.co/R9OllkfdxO
China's dilemma is that while it can reduce SAFE's exposure to the Treasury market, it hasn't found a way to consistently combine a big external surplus and limited state foreign asset growth. The state banks are doing something...
The Bank of Ghana reduced its policy rate from 15.5% to 14% and said the move is part of a dual‑track monetary framework that balances cheaper credit with aggressive liquidity absorption. The central bank absorbed about GH₵17 bn in excess liquidity...
Thoughts on the Dollar: The dollar's resilience since the war began is not a mystery, but it is being misread. The Dollar Index has appreciated roughly 1.8% this month alone, following a modest 0.65% gain in February after January's 1.35%...
Short Video Update on the $AUDUSD Levels Australian Dollar Volatility Builds As Key Levels Come Into Focus https://t.co/tHpg3yLHp5 https://t.co/hDVvA8DO2k
The Australian dollar remains pinned around US$0.70 as the US Dollar Index eases amid peace‑rumor optimism. Safe‑haven demand for the Japanese yen is pressuring regional currencies, leaving the AUD in a narrow range. Commodity markets are volatile: gold prices have...
When I read articles like this I'm always minded to ask what could replace it? On every occasion the possible alternatives don't stakc up - the US dollar isn't going anywhere
🚨 Markets are surging - but Iran says truce, talks NOT viable in current conditions Missiles are still flying Oil is driving EVERYTHING ⚠️Is this a real move or a trap? Here's what I'm watching before I touch anything $SPY $GLD $USO $DXY $EURUSD...
$USD is mostly consolidating with a slightly firmer bias after yesterday's late NY sell-off amid hope of a soon end to the war in the Middle East. US offers ceasefire proposal while sending more Marines and equipment to the...
On this week's Hanke's #CurrencyWatchlist, the Sudanese pound ranks as the WORLD'S 6TH WORST CURRENCY. The pound has depreciated by over 27% against the USD in the past year. https://t.co/6wm9wwnlxP
Global composite activity PMIs for March universality dropped for the latest month's activity. Australia took the biggest hit. Japan and US still holding up the best relatively speaking. Overall, the US-Iran conflict's energy crisis is spilling over https://t.co/viZdRPVFN9
On this week's Hanke's #CurrencyWatchlist, the North Korean won ranks as the WORLD'S 2ND WORST CURRENCY. The won has depreciated by 61% against the USD over the past year. THE COLLAPSE OF THE WON IS THE WORLD’S MOST UNREPORTED CURRENCY STORY. https://t.co/WiB50eaMz6
