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All articles tagged with #currencies

Traders bet on renewed volatility in the yen after intervention
markets10 days ago

Traders bet on renewed volatility in the yen after intervention

Two weeks after a joint US-Japan intervention aimed at stabilizing the yen, traders are increasingly betting on further moves as the dollar hovers around ¥159; the carry-trade dynamic—funding high-yield bets with cheap yen—keeps yen under pressure, aided by high US yields and cautious BOJ policy. While intervention may have slowed the slide for now, a disorderly unwind remains a market risk that could ripple through US tech and EM assets, so policymakers face a delicate balance.

via Financial Times|
#carry-trade#currencies#foreign-exchange
US sells euros to back the yen, catching the ECB by surprise
global-economy19 days ago

US sells euros to back the yen, catching the ECB by surprise

Washington’s move to sell euros to buy yen blindsided the ECB, marking a rare, less-coordinated Western currency intervention. The action used the Exchange Stabilization Fund without formal coordination with foreign authorities, highlighting a break with decades of mutual trust among central banks and prompting questions about future cooperation in currency markets.

via Financial Times|
#bank-of-japan#central-bank-intervention#currencies
Korean won climbs 8% in July on chip earnings repatriation and hawkish policy tilt
markets23 days ago

Korean won climbs 8% in July on chip earnings repatriation and hawkish policy tilt

South Korea’s won jumped nearly 8% in July, the second-best global performer after Colombia, as repatriation of overseas earnings by chipmakers, a tech stock sell-off, and a tighter policy stance supported the currency. Repatriation flows—estimates of about $1 billion per day mid-July to mid-August—along with Samsung and SK Hynix’s announced investments and a blockbuster US listing for SK Hynix, helped domestic demand for won. The Bank of Korea raised rates to 2.75%, with Q2 GDP at 3.7% and inflation at 3.2%, suggesting policy could continue to support the won even as the Kospi fell sharply on AI stock weakness. Foreign outflows moderated but remained net selling, underscoring a shift in flow dynamics that aided the won’s rebound.

via Financial Times|
#currencies#emerging-markets#foreign-exchange
economy1 month ago

Dollar Debasement Thesis Fades as USD Strength Reasserts Itself

A Yardeni Research note argues the so‑called “Dollar Debasement Trade” has largely run its course: recent market moves no longer support the idea that investors are abandoning U.S. assets. The dollar has strengthened versus the euro and yen, gold and Bitcoin have retreated, and prices for oil and copper suggest fading inflation pressures. With the Fed signaling focus on price stability and markets pricing in likely two U.S. rate hikes by early 2027, the case for a broad devaluation of the dollar appears weaker, while overseas capital flows still show demand for U.S. securities.

via Investing.com|
#currencies#dollar-debasement#economy
Markets Brace for Inflation Risk as Energy Shock Tests Central Banks
markets5 months ago

Markets Brace for Inflation Risk as Energy Shock Tests Central Banks

Global markets head into a new session with inflation risks amplified by energy prices amid Middle East tensions. The Bank of Japan kept rates steady but signaled ongoing price pressures, while expectations grow that the ECB and BoE will also hold, keeping a tough stance on inflation. Traders have turned cautious, oil sits above $100 a barrel, natural gas rallies, and the yen approaches intervention levels as investors await policy comments on growth and policy paths.

via Reuters|
#central-banks-policy#currencies#energy
Dollar slips as tariffs ruling sparks policy jitters amid Middle East tensions
markets6 months ago

Dollar slips as tariffs ruling sparks policy jitters amid Middle East tensions

The dollar eased after the U.S. Supreme Court ruled that Trump overstepped his authority on sweeping tariffs, fueling policy uncertainty and potential litigation over duties, while euro and yen firmed modestly; analysts say the initial market moves are likely knee-jerk, with replacement tariff plans still unclear and geopolitical tensions in the Middle East adding to risk.

via Reuters|
#currencies#forex#geopolitics
Yen jiggles on BOJ hawk tilt as intervention jitters grow
markets7 months ago

Yen jiggles on BOJ hawk tilt as intervention jitters grow

The yen traded choppily as investors fretted about possible direct BOJ intervention after the central bank signaled a hawkish tilt and potential further rate hikes; 2-year Japanese government bond yields rose to about 1.25%, the highest since 1996, while global stocks were modestly higher and the dollar sagged toward its weakest levels of the year as Fed rate-cut expectations remained subdued.

via Reuters|
#boj#currencies#forex
Unlocking Pokémon TCG Pocket: Tips, Tricks, and Hidden Gems
gaming1 year ago

Unlocking Pokémon TCG Pocket: Tips, Tricks, and Hidden Gems

Pokémon TCG Pocket is a free-to-play mobile version of the Pokémon Trading Card Game available on iOS and Android. It allows players to collect cards, build decks, and battle others, while navigating a complex system of currencies and rewards. Players can open booster packs, complete missions, and use features like Wonder Pick to enhance their collections. The game includes various currencies such as Pack Stamina, Wonder Stamina, and Poké Gold, which can be used to acquire cards and cosmetics. A Premium Pass offers additional benefits for a monthly fee.

via Kotaku|
#currencies#gaming#guide
"Streamlining Destiny 2's Economy: Consolidating to Five Currencies"
gaming3 years ago

"Streamlining Destiny 2's Economy: Consolidating to Five Currencies"

Bungie has significantly simplified the currency system in Destiny 2, reducing the total number of currencies to just five: Glimmer, Legendary Shards, Enhancement Cores, Enhancement Prisms, and Ascendant Shards/Alloy. This streamlining has eliminated the overwhelming and largely pointless clutter of numerous currencies, making gameplay purchases and transactions more straightforward. While there are still a few rare or temporary currencies, the overall achievement of reducing the currencies to five is commendable.

via Forbes|
#bungie#currencies#destiny-2
"Dollar Plummets as Inflation Surprises, Traders Anticipate Rate Changes"
finance3 years ago

"Dollar Plummets as Inflation Surprises, Traders Anticipate Rate Changes"

The US dollar continued its decline in Asia as traders interpreted slower US inflation as a sign that interest rate hikes will soon come to an end. The dollar fell more than 1% against the euro, reaching its lowest level in over a year. The euro and yen both reached new highs, while the US dollar index dropped to its lowest level since April 2022. Market expectations for further rate increases have decreased, with the view that the Federal Reserve will likely hike rates at the end of July and that it will be the last one. Other currencies, including the New Zealand dollar, Aussie, Swiss franc, and sterling, also rose to new highs.

via Reuters|
#currencies#dollar#finance