Cbonds
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๐๐ธ๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ข๐๐ฌ ๐๐๐๐ค๐๐ง ๐๐ ๐๐ข๐ง๐ฌ๐ญ ๐๐ ๐๐จ๐ฅ๐ฅ๐๐ซ ๐ข๐ง ๐๐๐ซ๐ฅ๐ฒ ๐๐๐๐, ๐๐ง๐๐ข๐ ๐๐ง๐ ๐๐๐ฑ๐ข๐๐จ ๐๐ฎ๐๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐The period from the beginning of 2024 witnessed a general weakening of most currencies from the largest emerging economies against the US dollar.๐ Only the currencies of two countries, India and Mexico, have demonstrated growth against the dollar since the year began. Another notable observation is the stability of the SAR, which experienced a marginal weakening of only 0.1%.Conversely, the Turkish lira and the Argentine peso experienced the most significant depreciations during this period.It is worth noting that from the beginning of the year until mid-February, the exchange rate dynamics of most considered currencies closely mirrored those of the dollar index against major currencies of developed countries. However, since mid-February, the dollar index against developed country currencies has shown a tendency towards weakening, while currencies of developing countries have predominantly exhibited weakening or neutral dynamics against the dollar itself.#cbonds #currencies #emergingmarkets #USD #economy #financialmarkets
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Albert Park
Chief Economist of ADB; Chair Professor, HKUST (on leave)
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Emerging East Asian currencies weakened against the US dollar, with a slight depreciation of 0.7% (simple average) and 2.4% (GDP weighted).In March, most regional currencies strengthened, following expectations of dovish monetary stances after Silicon Valley Bank was placed under receivership on 10 March.However, in April and May, the USD strengthened again on signs of continued tightening. The biggest currency loss in emerging East Asia was recorded in the Lao PDR (4.1%) due to high inflation, a wideningtrade deficit, and debt stress.Read the June 2023 #AsiaBondMonitor โฌ๏ธhttps://lnkd.in/g7ajV9MR
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Vincent Harford
Assisting clients with International Money Transfers to or from South Africa
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Wednesday, 28thJune2023 - South African rand weakens against stronger dollar By Tannur Anders: JOHANNESBURG (Reuters)The South African rand weakened in early trade on Wednesday, giving up some gains from the previous session, as the U.S. dollar edged higher.At 0714 GMT, the rand traded at 18.5700 against the dollar , 0.26% weaker than its previous close.The dollar last traded at 102.600 against a basket of global currencies, up 0.088%.The rand strengthened at the start of the week as analysts speculated the weekend's aborted mutiny in Russia may mean President Vladimir Putin could skip a BRICS summit, where South Africa would, in theory, be obliged to arrest him.The BRICS group of emerging economies -- Brazil, Russia, India, China and South Africa -- is due to hold the summit in Johannesburg in August."This morning, the rand has given up some of that recovery but still shows the potential to recover further," ETM Analytics said in a note.Like other emerging market currencies, the risk-sensitive rand is susceptible to moves in global drivers, such as the dollar, in the absence of local catalysts.South Africa's benchmark 2030 government bond was weaker in early deals, with the yield up 1.5 basis points to 10.535%.#southafrica #ceo #cfo
See AlsoTed Nugent Brags About Killing 455 Pigs For Bill Maher And 'Animal Rights Freaks'Cbonds on LinkedIn: Cbonds is hosting the XI Cbonds Fixed Income Conference in Cyprus. Be sureโฆGuideposts Classics: Ruth Warrick on the Blessings of Family BondsHow to Launch More Meaningful Family Conversations with 29 Big-Hearted Questions โ Doing Good TogetherโขLike CommentTo view or add a comment, sign in
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Ignacio Ramirez Moreno, CFA
Ignacio Ramirez Moreno, CFA is an Influencer
Finance nerd ๐ค | Posts about investing, trading, research & financial markets ๐
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Asia slams brakes on dollar's record run โThe US dollar has been on a winning streak lately, notching gain after gain against international currencies.But this week, the dollar's joyride hit a speed bump as Asia's major central banks intervened to restrain its rapid rise ๐ธThe dollar was riding high as the MVP of the global currency market.But now, the star players from China and Japan have checked the dollar's dominance to help their home currencies.China told dollar speculators to back off the yuan. Meanwhile, Japan hinted its zero-interest rate policy may finally end, sending the yen upward ๐Today, the dollar index dropped the most in months, and its supremacy is again challenged.For those of us watching the currency market's power dynamics, it's been intriguing to see the dollar's unchecked advantage get pushed back against โThe dollar's meteoric rise was starting to damage Asian economies.Time will tell whether this effort to rein in the dollar's winning ways will stick. But for now, it's been humbled.What's your view on the USD? Comment below ๐#markets #investing #economy #money #stockmarketEnjoyed this post?๐ Like๐ฌ Comment๐ Subscribe to my profile
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Alvin E Johnson
Spuncksides Promotion
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The U.S. dollarโs share in global reserves fell below 60% for the first time in decades, according to a new report. While the U.S. dollar is experiencing a dip, other currencies like the Euro, Pound, and Yen are seeing a rise. The development is being observed as a growing number of countries begin to settle trade in their national currencies. The de-dollarization process gained steam after BRICS initiated the idea of ending reliance on the U.S. dollar.https://lnkd.in/gDqArXZd
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JustMarkets
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๐ธDe-dollarizationThe US dollar has dominated global trade and capital flows of investors for many decades, but BRICS countries are actively seeking alternatives to reduce their dependence on the US.๐คBrazil and China have reached an agreement to abandon the US dollar in trade transactions in favor of their own currencies.India and China plan to trade in their own currencies to reduce their dependence on the dollar.In 2022, central banks were buying gold at the fastest pace since 1987, signaling a desire to back their currencies with gold rather than the dollar.Sanctioning countries are actively getting rid of dollar reserves by increasing their gold and yuan reserves.Since 2000, the US dollar has slowly but steadily lost its share of global foreign exchange reserves.๐Subscribe to our page and share useful information!๐Read more: https://lnkd.in/ejMFkU-C
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Rommel Gavieta
Infra & Digital Connectivity Adviser at Philippine Reclamation Authority
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Credit to Albert ParkJuly 8, 2023Regional currencies weakenedagainst the US dollarhttps://lnkd.in/gBhHZPW2Emerging East Asian currencies weakened against the US dollar, with a slight depreciation of 0.7% (simple average) and 2.4% (GDP weighted)In March, most regional currencies strengthened, following expectations of dovish monetary stances after Silicon Valley Bank was placed under receivership on 10 March.However, in April and May, the USD strengthened again on signs of continued tightening. The biggest currency loss in emerging East Asia was recorded in the Lao PDR (4.1%) due to high inflation, a widening trade deficit, and debt stress.Read the June 2023 #AsiaBondMonitorhttps://lnkd.in/g7ajV9MR
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Mohamed Atef
Portfolio Management Supervisor (Risk Assessment) at The United Bank Egypt / Official
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๐ Emerging Currency Insights: US Dollar's ImpactIn the realm of emerging market currencies, the US dollar is poised to gain strength, but there are exceptions. Let's explore the key insights:1. The Malaysian Ringgit and Colombian Peso: These two currencies stand out as potential outperformers. The exception is a mix of factors:Narrowing Interest Rate Differentials: The interest rate gap between Malaysia and the US has tightened, offering support to the ringgit.Robust Current Accounts: Malaysia and Colombia both maintain strong current account surpluses, providing a shield against external shocks.Strong Economic Growth: Both countries are expected to experience robust economic growth, boosting demand for their currencies.2. On the Flip Side: Egyptian Pound: The exception is that the Egyptian pound might face challenges due to factors like high inflation, a weak current account balance, and political uncertainty ahead of the 2024 presidential election.As always, remember that investing in currencies carries risks. How do you think these trends will impact global financial markets? Share your thoughts! ๐ฌ#CurrencyAnalysis #EmergingMarkets #FinanceInsights #InvestmentTrends
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The Forex Index
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Dollar Dominates, Yen Dips: Shifting Sands in Global Currency Markets ๐๐นIn the ever-evolving dance of the global currency markets, the yen has hit a near 10-week low, signaling a cautious stance from traders on the Bank of Japan's (BOJ) interest rate moves. Meanwhile, the dollar's ascendancy continues, marking its fourth weekly climb, a testament to the resilience of the U.S. economy and labor market. With the BOJ unlikely to raise rates rapidly and the Fed's rate cut expectations pushed further out, the financial landscape braces for the U.S. #CPI inflation report, setting the stage for the dollar's potential rally. Amidst these dynamics, currencies like the euro and sterling hold steady, while the New Zealand dollar sees unexpected support. As we watch these shifts, one thing remains clear: the intricate balance of global monetary policy continues to captivate and shape markets.#CurrencyMarkets #Yen #DollarStrength #BOJ #FedRateSpeculation #EconomicResilience #GlobalFinance #MarketTrends๐๐จ๐ญ๐: ๐๐ฉ๐ฆ ๐ค๐ฐ๐ฏ๐ต๐ฆ๐ฏ๐ต ๐ด๐ฉ๐ข๐ณ๐ฆ๐ฅ ๐ช๐ด ๐ง๐ฐ๐ณ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฑ๐ถ๐ณ๐ฑ๐ฐ๐ด๐ฆ๐ด ๐ฐ๐ฏ๐ญ๐บ ๐ข๐ฏ๐ฅ ๐ฏ๐ฐ๐ต ๐ง๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐ข๐ฅ๐ท๐ช๐ค๐ฆ. ๐๐ฐ๐ฏ๐ด๐ถ๐ญ๐ต ๐ข ๐ง๐ช๐ฏ๐ข๐ฏ๐ค๐ช๐ข๐ญ ๐ฑ๐ณ๐ฐ๐ง๐ฆ๐ด๐ด๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฃ๐ฆ๐ง๐ฐ๐ณ๐ฆ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต๐ช๐ฏ๐จ.
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Emil Wolter
Experienced independent financial analyst and investor
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With the Euro crossing 1,11 vs the USD, the currency of "dysfunctional Europe" so often rediculed for its energy, defense and social problems have now gained 3,7% against the mighty USD YTD.Meanwhile, in parts of Emerging Markets the party among currencies have been much better:Brazilian Real +8,7%Mexican Peso + 13%Columbian Peso +21%And even in trade-driven Asia, outside of the Chinese Reminbi (down all of 3,5%) it hasn't been too bad:Singapore Dollar + 1.4%Taiwan Dollar +0,8%Indonesia +0,5%I am bearish on the dollar and bullish on GEM for 2024! Indeed, the supply of fiat currencies across all the major developed economies looks likely to stay very expansionary for the coming year and beyond. Basically these places now all look very much like Emerging economies of old...
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Kirk Balin
Regional Vice President Householder Group Estate & Retirement Specialists, CEP
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๐ Dollarโs Decline Throws Spotlight on Battered Commodity Currencies ๐๐ฐ In the wake of the dollar's potential weakness, some investors are eyeing commodity-producing countries like Norway and Australia.Let me explain:๐ป Many commodity currencies suffered this year due to falling raw material prices and concerns over central banks' fight against inflation.๐ However, the growth in the US and other countries has proven resilient, leading to a belief that a global economic downturn is unlikely.๐ The recent pledge by China to step up policy support for its economy has further bolstered the bullish view on commodity currencies.โฌ๏ธ The prices of oil, copper, and other raw materials have risen, and currencies like the Australian and New Zealand dollars have edged up.๐ผ The Norwegian crown, New Zealand dollar, and South African rand have seen declines and are considered undervalued against the dollar.๐ Deutsche Bank's analysis shows the Norwegian currency undervalued by over 30%, while the Australian dollar is undervalued by about 20%.๐ผ Betting against the dollar carries risks, as it could rebound if inflation remains stubborn or the Fed is more hawkish than anticipated.๐ Nevertheless, some strategists believe there is room for further appreciation in commodity currencies like the Swedish and Norwegian currencies.๐ Any signs of economic strength in these countries could boost their currencies.#CommodityCurrencies #DollarWeakness #InvestmentOpportunity #GlobalEconomyhttps://lnkd.in/gjwWWUYJ
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