The euro-Swiss franc pair is trading at a three-year high, close to the floor the Swiss National Bank abandoned back in January 2015. Geopolitical tensions, which should ordinarily make a haven currency like the franc more popular, drove it back to such lows, market participants said. The euro-franc pair …
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The Hong Kong Monetary Authority said Thursday it has bought a total of 51.3 billion Hong Kong dollars and sold US$6.5 billion from its foreign currency reserves in 13 transactions since its first intervention last week. “This is totally in accordance with the design of the linked exchange rate system,” said …
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Emerging Asia FX Highlights. USD/Asians saw mixed trading overnight even as the USD was generally stronger but subdued. USD/CNY 1Y NDFs traded choppily around 6.3700 handle on Tuesday, shrugging off the PBOC RRR cut. USD/SGD dipped to a low of 1.3077 in late Asian hours on Tuesday …
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âIt seems like earlier negative readings pointing to a potential contraction have been offset by higher-than-expected U.S. industrial production and housing starts,â said Juan Perez, senior currency trader at Tempus Consulting in Washington. âFor the first time in a few weeks of mixed economic data, the …
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