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
3111
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
3134
The U.S. dollar index (DXY) has been steadily growing lately, driven by increasing risk-off mode associated with many recent and ongoing turbulent events across the globe causing U.S. bond yields to rise.
October 7, 2021
3001
The Japanese yen is poised to recover some of its recent losses if the country's ruling Liberal Democratic Party votes on Wednesday to elect the head of the coronavirus vaccination department, Taro Kono, as the next prime minister, according to a recent ING report.
September 28, 2021
3078
The ruble and Russian stocks welcome a price rally in the commodities sector. The spot gas price in Europe has come closer to the historic maximum ($ 1000 per thousand cubic meters).
September 15, 2021
3128
Don't expect too much going forward from the recent strengthening of the euro – problems in the eurozone keep piling up.
September 9, 2021
3126
The British pound is hovering around $1.375 and is currently posting its first weekly gain against the dollar since late July, enticing Fx traders to join in as a rebound in risk sentiment helped support major world currencies beyond the USD which are perceived as reopening plays.
August 30, 2021
3140
On Thursday, the U.S. dollar rose to a nine-month high against major peers on expectations that the Federal Reserve will begin cutting its huge stimulus as soon as this year.
August 19, 2021
3132
FT wrote that Turkish Lira was “a rare bright spot for emerging market currencies in July”.
July 30, 2021
3112
The U.S. dollar is one single name factoring current broad asset classes’ counterintuitive downfall against the rising inflationary expectations.
July 20, 2021
3277
August 4, 2021
4052
August 6, 2021
4049
July 2, 2021
4003
