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Tag: dollar

Ebury: Comments about an aggressive move by the ECB put a brake on the fall of the euro

Ebury: Comments about an aggressive move by the ECB put a brake on the fall of the euro Ebury: Comments about an aggressive move by the ECB put a brake on the fall of the euro

By Enrique Diaz – Alvarez* The annual meeting of the world’s central bankers in Jackson Hole delivered a decidedly hawkish message, led by US Federal Reserve Chairman Powell giving a very short and clear speech. However, currency markets seem to have priced in this development, and the reaction was relatively subdued. All G10 currencies are […]

The dollar strengthened to a 20-year high

The dollar strengthened to a 20-year high The dollar strengthened to a 20-year high

The dollar strengthened to a 20-year high today after Fed Chairman Jerome Powell signaled that interest rates will be kept higher for longer to reduce inflation. The index of the exchange rate of the US currency against a basket of other major currencies climbed to 109.48 points. Despite statements from European Central Bank officials over […]

‘Jump’ for Turkish foreign exchange reserves after the influx of Russian funds

‘Jump’ for Turkish foreign exchange reserves after the influx of Russian funds ‘Jump’ for Turkish foreign exchange reserves after the influx of Russian funds

Turkey’s official reserves rose by the most since February, after Russia’s Rosatom injected cash into a Turkish subsidiary. Turkey’s total gross reserves increased by about $3 billion through last week, with gold accounting for $1.6 billion of the increase and foreign exchange the rest. Gross foreign exchange reserves stood at $61.1 billion and gold at […]

The deeper market implications of Pelosi’s visit to Taiwan

The deeper market implications of Pelosi’s visit to Taiwan The deeper market implications of Pelosi’s visit to Taiwan

The immediate impact on markets from Nancy Pelosi’s visit to Taiwan appears to be fading, but it’s leaving fund managers pondering how to approach the shaky relationship between the world’s two largest economies. As Bloomberg notes, investors are trying to outline the long-term impact the US House Speaker’s trip will have on the market. From […]

The Russia-Iran experiment to ‘ostracize’ the dollar

The Russia-Iran experiment to ‘ostracize’ the dollar The Russia-Iran experiment to ‘ostracize’ the dollar

By Dominic Dudley Russia and Iran have begun to take some small but significant steps toward ostracizing the dollar from their bilateral trade by testing a system of settlements in their national currencies. In July, after the governor of Iran’s central bank, Ali Salehabadi, visited Moscow, the Iranian Foreign Exchange introduced the ruble-riyal pair. With […]

HSBC, JP Morgan: One-way short positions in the euro – Dive to $0.95 soon, the risks for the eurozone are in the red

HSBC, JP Morgan: One-way short positions in the euro – Dive to $0.95 soon, the risks for the eurozone are in the red HSBC, JP Morgan: One-way short positions in the euro – Dive to alt=

Her Eleftherias Kourtalis Short positions in the euro are recommended to investors by HSBC and JP Morgan, assessing which upward movement is an opportunity to build bearish “bets”, given the many and significant challenges facing the eurozone economy, with fears of a recession hitting already the door of the area. EUR/USD will retest recent lows […]

Inflation ‘bites’ currencies and the dollar ‘holds the crown’

Inflation ‘bites’ currencies and the dollar ‘holds the crown’ The dollar strengthened to a 20-year high

By David Westenhaver The US dollar has been the “king of currencies” worldwide for 75 years. Although inflation-shocked Americans don’t realize it, its purchasing power remains greater against other major currencies – a boon for Americans, albeit at a cost. Inflation is eroding the value of the euro, yen and pound at a faster rate […]

Why absolute euro-dollar parity is ‘bad news’ for stocks

Why absolute euro-dollar parity is ‘bad news’ for stocks Why absolute euro-dollar parity is ‘bad news’ for stocks

By Eleftherias Kourtalis And where investors in Europe thought the outlook for stocks couldn’t get gloomier given the ongoing energy and inflation shocks and recession fears, the euro has hit absolute parity with the dollar for the first time in two decades, creating new challenges for stock markets and further clouding the investment outlook. Since […]

Heavy bill on the economy from the slide of the euro

Heavy bill on the economy from the slide of the euro Heavy bill on the economy from the slide of the euro

By Tasos Dasopoulos Another pressure on the one already exerted by high inflation for more than a year is added by the slide of the euro, since it indirectly fuels the increase in the prices of fuel and some of the raw materials, which are imported from third countries, since they are priced 65% in […]