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
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Currencies
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
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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
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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
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Turkish Lira Near Historic Lows as Central Bank Expected to Cut Rates Further Despite Raging Inflation
On Thursday, the Turkish lira fell to an all-time low of around 11 per dollar, almost 9% below Friday's close, before reclaiming some losses ahead of a central bank meeting, which is expected to keep on with further rate cuts, despite currency devaluation and inflation of around 20%.
November 18, 2021
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With Indecisive BoE Policy and Renewed Brexit Tensions, British Pound Risks Intensifying Decline Against USD
On Thursday, the Bank of England’s decision to leave the Bank’s Rate at 0.1% was not surprising at all.
November 8, 2021
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Are We Ready to Short S&P 500 after Fed’s Commencement of Tapering?
The Federal Reserve announced the inception of tapering of its asset purchases later in November.
November 4, 2021
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British BP’s and American ConocoPhillips’ Strongs Earnings Underpin Rapid Recovery of Entire Energy Sector
The strength of the energy sector at the moment is obvious: news about most energy prices reaching their historic highs keeps coming almost on daily basis. The most recent strong earnings reports are the same from British BP (BP) and American ConocoPhillips (COP).
November 2, 2021
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Turkish Lira Remains Under Pressure of Recep Tayyip Erdogan’s Unconventional Monetary Policy Views
The governor of the central bank of Turkey, apparently submitting to the orders of President Recep Tayyip Erdogan, who has unorthodox monetary views (if inflation gets higher, he wants the rate to be cut, according to his statements, while the classic economic theory says the opposite) cut the interest rate more than expected despite rising inflationary pressures and the continuing demise of Lira to an all-time low.
October 21, 2021
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Russian Ruble Keeps Pushing Higher, and High Energy Prices Support that Move
The Russian ruble is trading near the 71.90 level against USD after reaching its 1 ½ years minimum on Monday, October 11, having strengthened against the dollar to 71.787, but intraday USDRUB dropped to 71.55 rubles, the 2021 minimum.
October 12, 2021
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