The dollar’s biggest bull run in 40 years may have finally come to a screeching halt, now that the world’s last dovish central bank – the Bank of Japan – has finally relaxed its iron grip on long-term interest rates. The BOJ shocked markets on Tuesday with a surprise tweak to bond yield control, allowing […]
Investors were most bullish on the Singapore dollar and the Thai baht since the Russia-Ukraine conflict broke out in February, as China easing its strict COVID curbs and hopes of major central banks tempering the monetary policy lifted sentiment, a Reuters poll showed. Long positions on most other emerging Asian currencies also firmed, with those […]
The pound has racked up double-digit gains against the dollar since its trouncing in September, but it could struggle to take its momentum into 2023 as the Bank of England readies a downshift to a 50-basis-point hike as a winter of economic trouble bubbles. GBP/USD, or cable, rose 0.13% to $1.227. “Our game plan assumes […]
A look at the day ahead in European and global markets from Tom Westbrook: Having just closed out its worst month since 2010, the dollar’s bull run may be ending. Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets’ shifting financial conditions looser in the last few […]
By Ambar Warrick Investing.com– Activist investor Bill Ackman said on Thursday that his hedge fund Pershing Square holds a large short position against the Hong Kong dollar, and that it was only a matter of time before the currency’s peg to the dollar breaks. Ackman said that Pershing Square holds a “large notional short position” […]
By Saqib Iqbal Ahmed and John McCrank NEW YORK (Reuters) – The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that most policymakers at the central bank agreed it would soon be appropriate to slow the pace of interest rate hikes. The readout of the Nov. […]
