1092 days ago
Switzerland FX reserve rose to CHF 930.5 billion in March from 914.2 billion. The SNB is clearly still invovled in the forex market despite signs from weekly sight deposts data that it has been less active.
1093 days ago
20,000 men, tanks, armored vehicles, and artillery have been moved to the border with Ukraine, and Russia is beginning combat readiness tests in all its military districts. Ukrainian President has begged for rapid entry into NATO, while US arms deliveries have been stepped up to his army, 25% the size of Russia’s. Russia has warned that allowing Ukraine into NATO would be a provocation that would make matters far worse – and Russian history and psychology underline that may be no idle threat. State-baked Russian TV and social media are openly talking about further fratricidal war ahead.
1099 days ago
China’s currency is set for its worst month against the dollar in more than a year and a half, as investors fret that a clampdown on borrowing could slow the country’s swift economic recovery from Covid-19.
1100 days ago
From a contrarian perspective, sentiment is more likely to improve from low levels - which could help the price of EUR/USD.
1101 days ago
The last time dollar-yen (USD/JPY) was above the Big Fig - was in the flight to safety during March 2020 when the pandemic became more widely known.
