The State Bank of Vietnam (SBV) has announced a new foreign exchange (FX) intervention measure, offering 180-day USD forward contracts with a cancellation option at...
The US/Israeli attacks on Iran and Iran's response will likely have both short and long-run consequences for currencies.
The market seems to think it is possible. But after staying out of the FX market for nearly fifteen years, why might the US want to get involved now?
If we look at the performance of the US dollar against other G10 currencies since President Trump’s 2024 election win we see a very similar pattern to how the US dollar...
The demand for loans rises as the year comes to an end. Many analysts predict that credit growth will frequently double or triple in comparison to the...
While it might look as if the FX market will trade through to the end of the year in a very stable fashion, there are still a number of events that could generate...
The FX market has become quiescent after a rush of volatility in the spring around the time of President Trump’s tariff bombshell. That’s good news for currencies,...
Implied volatility across G10 currencies is about as low as we’ve seen in a year, or more. And yet, we’d argue that this is in contrast to the amount and volatility of...
Sometimes important announcements produce significant and instantaneous reactions in currencies. Be they about data, policy – central bank sackings. But sometimes they...
It seems that black swans events are becoming a regular feature of the global landscape.
The US dollar is dominant in many facets of the international financial market.
US stock markets have crumpled in the past few weeks. While this has put pressure on global risk assets, it has been nullified to some extent by the US dollar’s...
Because of the Trump administration's tariff measures, the USD is likely to strengthen, putting a lot of pressure on the USD/VND exchange rate.
If Mr. Donald Trump wins the US election, this result will lead to a short-term rally in the USD dollar.
Political factors remain to the fore, and not just in the US. Japan’s weekend election outcome has currency implications as well.
Euro zone surpluses have soared at the same time as US deficits have swollen. But euro/dollar has not moved.
The FX market focuses heavily on monetary policy and interest rate differentials.
The Standard Bank expected the yen’s recovery would remain slow and possibly require more FX intervention.
Unlike 2022 and 2023, the exchange rate has been hot since the beginning of 2024. Right after the early- months, the exchange rate has increased by 4.6%, a 3.4 %...
International investors in US securities could face FX risks once US securities start to be settled on a T+1 basis from next week.
FX intervention usually meets with a sceptical response. It has been no different for the Bank of Japan as its recent efforts to strengthen the yen have been dismissed...
Sooner or later, it looks as if Japanese policymakers could intervene in the FX market by using a three-step process.
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