1044 days ago
The kiwi is the best performing major currency so far today after the RBNZ was more hawkish than expected, with forecasts projecting a rate hike in 2H 2022.
That has seen the kiwi shoot higher earlier today and buyers have kept gains above 0.7300 for the time being, looking to hold above the 10 May high @ 0.7305.
1045 days ago
The rupee has staged a strong comeback, rebounding to become Asia’s top-performing currency from its worst on signs that India’s virus crisis may be easing.
India’s currency has climbed 1.5% against the dollar in May to beat all its regional peers as the nation’s daily infections decline rapidly after touching a record high. The rupee also has the benefit of offering Asia’s highest carry returns.
1050 days ago
In the last 12 month, the Chinese currency has seen a great appreciation vs. the dollar climbing from 7.2 all the way up to 6.4 Rmb per dollar.
1052 days ago
Chart shows the huge spike in Sight Deposits (taken as a proxy for SNB forex market intervention) during late 2019 and then again during the pandemic, and again in the last 2 weeks.
1058 days ago
South Africa’s currency has recovered all its losses since it slumped to a record in April last year, and then some. Strong commodity prices and the global search for yield should support the narrative for further gains in coming months. Domestic fiscal metrics -- though still far from healthy -- are improving along with terms of trade, while the government’s crackdown on corruption is also fueling positive sentiment.
