Page 106 - Forex News Today

Indias foreign exchange reserves are up by $708 million to $602.161 billion for the week ending August 11, latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves fell by $2.41 billion to $601.5 billion for the week ended on August 4.

KUALA LUMPUR: The ringgit depreciated by 5.8 per cent in the second quarter of 2023 (2Q 2023) but has appreciated by 1.1 per cent so far in 3Q 2023 (as at Aug 15, 2023), amid growing expectations that monetary policy tightening in the United States is nearing its end.

DHAKA -- Bangladesh's public finances are coming under increasing strain as mounting loan repayments for Chinese, Russian and other infrastructure pro

This is the first increase in the forex kitty after declining for three consecutive weeks.

KUALA LUMPUR: The ringgit traded lower against the US dollar at the opening today as the US Dollar Index (DXY) strengthened by 0.20 per cent to 103.419 points. 

THE Philippine peso fell on Thursday after the country's central bank left its benchmark interest rate unchanged, while other regional currencies also declined on worries over China's slowing economic growth and higher-for-longer rates in the U.S.

The U.S. dollar advances to the 146 yen zone in New York on Wednesday, a range unseen since November, surpassing the level that prompted Japanese authorities to conduct a yen-buying and dollar-selling market intervention in September.

“Many Nigerians abroad are investing in Eurobonds. But now, people that have dollar income will prefer to save it in the dollar rather than change it to naira. We have many Nigerian companies launching dollar-denominated bonds to enable more people to invest in dollars,” an analyst at a securities firm who chose to remain anonymous said.

KUALA LUMPUR: The ringgit retreated from yesterday's gains to end lower against the greenback on Thursday as the minutes from the United States’ Federal Open Market Committee (FOMC) pointed to US interest rates staying higher for longer, an economist said.

After falling for three straight weeks, reserves get minor boost