Page 114 - Forex News Today

Oftentimes, a bitcoin halving event whips up considerable trader excitement, and the reason is that a spike in prices is anticipated. The logic of the expectation is that, if fewer digital tokens are coming into the system, but demand stays constant, prices should rise.

The shift in his view highlights potential upside for the yen, where inflation-adjusted interest rates have exacerbated its decline to multidecade lows.

"If tinpot dictators want to wage war, get sanctioned and then need alternate payment means, that's signals Dollar dominance, not weakness..." Robin Brooks said.

KUALA LUMPUR: The ringgit is expected to continue to strengthen based on the latest trend, said Deputy Finance Minister 1 Datuk Seri Ahmad Maslan.

The dollar has weakened through much of 2023 amid falling expectations for further US interest-rate increases. It could extend its slide toward lows last seen in late 2020, according to Societe Generale.

KUALA LUMPUR: The ringgit eased further against the US dollar at the close today, in tandem with regional currencies on lingering concerns over China’s economic growth, despite the softer greenback.

The rupee consolidated in a narrow range and settled flat at 82.03 (provisional) against the US dollar on Tuesday, as the support from positive domestic equities and weak American currency was negated by rising crude oil prices. Market participants remained cautious ahead of retail sales data from the US and the UK's inflation data this week, forex traders said. At the

KUALA LUMPUR: The ringgit opened slightly easier against the US dollar following signs of deflation in the United States (US) markets, said an analyst. 

The Reserve Bank of India (RBI) bought $7.37 billion in the spot foreign exchange market in May, showed data released on Monday as part of the central banks monthly bulletin. The RBI did not sell any dollars in the reported month, the data showed. In April, the central bank had bought a net of $7.70 billion in the spot market.

Does this mean everyone has cheered up about Brexit?