01-01-1970 12:00 AM | Source: GEPL Capital
The dollar surpassed the symbolic level of 150 yen for the first time since 1990 on Thursday - GEPL Capital
News By Tags | #2767 #57

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

News / Other data

* The dollar surpassed the symbolic level of 150 yen for the first time since 1990 on Thursday, while the British pound turned negative in choppy trading after Liz Truss said she would resign as the United Kingdom's prime minister.

* The rouble firmed towards 61 against the dollar on Thursday, with a favourable month-end tax period supporting the Russian currency amid volatility on oil markets and the constant threat of geopolitical and sanctions risk over the conflict in Ukraine.

* Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.

* Bearish bets on Asian currencies stayed firm due to the unrelenting strength of the U.S. dollar, as ultra-hawkish posturing by most central banks globally, led by the Federal Reserve, stoked fears of a recession, a Reuters poll showed.

* The U.S. dollar handed back some of its gains in early European trading Wednesday, while the euro rose on the back of soaring German producer prices.

* China’s offshore yuan hit a new low on Thursday, while most other Asian currencies slipped as fears of more hawkish moves by the Federal Reserve spurred an overnight bounce in the dollar and Treasury yields.

Data inference

* Actual greater than 'Forecast' is good for currency.

 

 

To Read Complete Report & Disclaimer Click Here

 

Please refer disclaimer at https://geplcapital.com/term-disclaimer

SEBI Registration number is INH000000081.

 

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer