Currency - General News

[behappyalways]

These Are The Ten Most Traded Currencies With The US Dollar
https://www.zerohedge.com/economics/the ... -us-dollar

[behappyalways]

Iranian, Russian Card Payment Systems 'Officially Linked': Tehran
https://www.zerohedge.com/geopolitical/ ... ked-tehran

[behappyalways]

After Trump was elected, the U.S. dollar index hit a new high in nearly a year.
If 60% tariffs are imposed on domestic goods, will the Asian currency devaluation war begin?

川普當選美元指數創近一年新高 若對陸貨課徵60%關稅 亞洲貨幣競貶戰開打？【Yahoo TV】

https://m.youtube.com/watch?v=NQCtmWjZZtk

[behappyalways]

India abandons the de-dollar agenda, the BRICS currency will fail?!
Inflation and tariffs are two-sided, and the Trump tsunami is coming?!

印放棄去美元議程 金磚貨幣將失敗?! 通膨關稅兩面刃 川普海嘯將至?!｜20241210｜‪‪‪‪@inewsplus‬

https://m.youtube.com/watch?v=XwnKB6jLMfM

[behappyalways]

Trump Instructs Treasury Secretary To Stop Minting Pennies, Citing "Wasteful" Spending
https://www.zerohedge.com/economics/tru ... l-spending

[winston]

‘Impossible trinity’ conundrum has caused a cash crunch in Asia

Monetary authorities in China, India and elsewhere have waged a prolonged campaign against the strong US dollar, using a mix of official reserves and opaque derivatives trades to defend their currencies. But their moves have pushed up borrowing costs for local banks just when slowing economies need more liquidity.

China’s overnight and seven-day repo rates surged in February, while bond investors took losses from a sharp rise in yields.

Banking liquidity in India suffered its highest deficit in at least 14 years earlier this year and overnight borrowing costs jumped.

Liquidity also dried up in Indonesia and Malaysia following central bank currency interventions.

The impossible trinity, the idea that countries can’t simultaneously control their currencies, independently set interest rates and allow capital to move freely across borders. Something will break or give way.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... runch-asia

[behappyalways]

Sharp fall in U.S. Dollar has hit currency firm Argentex

Multiple margin calls, shares suspended trading
https://x.com/JackFarley96/status/1914634441529360767

[winston]

Are we heading for a multi-currency world?

by Christopher Smart

For all the debate on the US dollar’s decline, of course, it still accounts for 57 per cent of the global reserves, 54 per cent of export invoicing and 88 per cent of foreign exchange transactions.

As long as commodity derivatives are mainly priced in US dollars and Hollywood crooks still measure their loot in America’s currency, there is a long way to go before the dollar’s dominance fades.

But investors should start to imagine a world in which the US dollar, renminbi and euro coexist with more equal reach.

Source: Business Times

https://www.businesstimes.com.sg/wealth ... ency-world

[behappyalways]

Indian Traders Begin Switching To Chinese Yuan For Russian Oil Purchases: Report
https://www.zerohedge.com/markets/india ... ses-report

[winston]

Carry trade, commodities make EM currencies more stable than G7

Weaker US dollar and expectations for gradual Federal Reserve easing have reduced pressure on developing markets

JPMorgan volatility indices show developing nations’ currencies have swung less than their Group of Seven peers for nearly 200 straight days – the longest stretch since 2008. If it passes 208 days, it would mark a record going back to 2000.

Strong commodity prices and robust capital inflows have supported demand for emerging market (EM) assets.

Improvements in emerging market fundamentals, relatively stronger growth than in developed economies and ample foreign exchange reserves should help keep emerging market currency volatility subdued this year.

Yen volatility has also climbed amid concerns about Japan’s fiscal outlook and possible intervention by authorities. It could face further pressure if the yen carry trade unwinds.

“Investors are looking at less volatile currencies in the emerging market space, such as the Singapore dollar, the baht and the yuan in Asia”.

Source: Bloomberg

https://www.businesstimes.com.sg/compan ... -stable-g7