forex
Hedge funds are increasingly short the Japanese yen, pointing to more downside of the currency. The USD/JPY exchange rate was trading at 159.81 on Wednesday, a few pips below the year-to-date high of 160.22. Hedge funds are short the yenThe Japanese yen has been the worst-performing currency in developed countries in the past few years. It has already crashed by over 5% from the highest level in May and by over 20% from its post-pandemic high. Hedge funds have continued to increase their short bets against the Japanese yen. Data by the CFTC shows that these funds have been short the currency s...
Invezz
Violence broke out again today in the Kenyan capital of Nairobi, as well as several other towns and villages, as the latest in an ongoing protest against both a proposed financial bill and the nation’s president. Earlier today on June 25, riots throughout the African nation of Kenya gained steam, with many being wounded in altercations between protestors and police. This comes after previous unrest last week, on June 20, resulted in more clashes between protesters and police, killing at least one Kenyan in the struggle and injuring several others. Crowd control gone wrongKenyan politicians met...
Invezz
El peso mexicano se acerca a los 18 pesos por dólar, revirtiendo su punto más bajo en quince meses de 18.75 el 12 de junio. El aumento se debe a un panorama más favorable después de la elección, lo que sugiere una posición más sólida por parte del Banco de México. Inflación y política monetariaEn México, la inflación en la primera quincena de junio alcanzó un 4,78%, superando las estimaciones de un aumento del 4,7 %. Banxico ha prometido mantener una política monetaria restrictiva para prevenir la alta inflación y apoyar la estabilidad económica. Auge en la actividad económica En abril, la act...
Invezz - ES
The Ghanaian cedi continued its freefall this week after the country reached a deal with its Eurobond creditors. The USD/GHS exchange rate has risen for 13 straight months and is now sitting at a record high of 15. It has soared by more than 164% from its lowest level in 2021, making it one of the worst-performing currencies in Africa. USD/GHS weekly chart The Ghanaian cedi plunged after the country reached a deal in principle with its Eurobond to restructure about $13 billion of its debt. According to the deal. The creditors will take a 37% haircut and choose between two instruments. One of t...
Invezz
The USD/JPY exchange rate has soared in the past six consecutive days and is slowly nearing its all-time high as the Japanese yen sell-off intensifies. It was trading at 158 on Friday and was nearing its all-time high of 160.2. It has soared by more than 13% from its lowest point in January. Japanese yen is plungingThe Japanese yen has become the worst-performing major currency this year as concerns about the Bank of Japan policy continues. In a statement last week, the bank announced that it would scale back its bond purchases significantly as it seeks to exit its ultra-loose monetary policie...
Invezz
The USD/CHF exchange rate will be in the spotlight on Thursday as the Swiss National Bank (SNB) delivers its interest rate decision. It has crashed by over 4% from its lowest level this month and is now hovering near its lowest level since March. SNB interest rate decisionThe Swiss National Bank will deliver its monetary policy decision as the country’s inflation remains elevated and the economy slows. Recent data showed that the headline Consumer Price Index (CPI) rose to 1.4% YoY in May, higher than March’s 1.0%. While the CPI has remained below the SNB’s target of 2.0% and is lower than in ...
Invezz
The South African rand has staged a strong comeback this week after last week’s coalition deal between ANC and Democratic Alliance. The USD/ZAR exchange rate has plunged to a low of 17.91, its lowest swing since August 2023. It has plunged by more than 7.5% from its highest point this year. SARB rate cuts to be delayedThe biggest catalyst for the USD/ZAR pair was the decision by the ANC and DA party to form a coalition government. Analysts have cheered the fact that the political situation took a less period than expected. The pair also tumbled after the latest South Africa inflation data. Acc...
Invezz
New York (AFP) - Nvidia edged out other tech giants Tuesday to become the world's most valuable publicly traded company, a rise that also helped lift the Nasdaq to a seventh straight record close. Nvidia's feat came on an up day for most global equity markets in spite of lackluster economic data in the United States and Germany and lingering unease about upcoming political elections in France. All three major US stock indices climbed, along with bourses in Paris, Frankfurt, London and Tokyo. Nvidia, which has enjoyed a monumental ascent over the last 18 months amid enthusiasm over generative a...
AFP
El valor del peso mexicano ha fluctuado en los mercados financieros globales, en los últimos días. Después de llegar a su punto más bajo de 18.75 por dólar el 12 de junio. La divisa mexicana ha logrado recuperarse y actualmente se encuentra en alrededor de 18.4 pesos por dólar. El aumento se produce en un contexto en el que la venta masiva después de las elecciones ha comenzado a disminuir, a pesar de las buenas noticias económicas para México. Se han visto indicios de una economía robusta en México durante el primer trimestre de 2024, con una mejora en la demanda agregada y el gasto privado e...
Invezz - ES
En junio, el valor del Real Brasileño ha disminuido significativamente, llegando a su punto más bajo desde enero de 2023. Antes de la decisión del Banco Central prevista para el miércoles, las preocupaciones en los mercados sobre los desequilibrios fiscales en el gobierno brasileño han generado esta situación. Lula y la continuidad de los proyectos públicosA pesar de la tendencia desfavorable, el Real mantuvo su caída después de que el Presidente Lula declaró que el gobierno continuará con la expansión de proyectos públicos y no disminuirá el gasto público. Los pronunciamientos recientes de lo...
Invezz - ES
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