Category: FX

FX Swap Debt a $80 Trillion ‘Blind Spot’ Global Regulator Says

December 5, 2022
Business & Marketsdebteconomic policiesFXswap
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LONDON—Pension funds and other ‘non-bank’ financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said. The BIS, dubbed the central bank to the world’s central banks, also said in its latest quarterly report that 2022’s market upheaval had largely been navigated without…

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Dollar Strength Holds Back Asian FX; Rupee Bears Re-emerge: Poll

October 7, 2021
Asia & PacificasianBusiness & EconomyChinaChina Business & EconomyDollarEconomieseconomyFXIndiaInternationalpollstrengthUSWorld
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Investors raised short bets on most Asian emerging currencies, a fortnightly Reuters poll found, as a slew of factors including U.S. rate-hike expectations, rising inflation, and signs of slowing global economic growth boosted the dollar. Long positions on the Singapore dollar, Taiwan’s dollar, and the Indian rupee were reversed, while bearish views on the South…

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Risk FX Rallies, Safe Havens Offered as Evergrande Fears Ebb

September 27, 2021
Asia & PacificAustraliaAustralianBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeevergrandefearsFXMarketsUKUSUS NewsWorld
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LONDON—The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded. Rising commodity prices also helped the Aussie and Norway’s crown, while the yen was pressured as higher U.S. yields attracted Japanese investor money. The euro traded…

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Evergrande Jitters Pull Risk FX Lower, Dollar Gains on Safety Bid

September 20, 2021
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeevergrandeFXInternationallowerMarketsSafetyUKUSUS NewsWorld
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LONDON—The offshore Chinese yuan skidded to three-week lows on Monday, dragging down other risk and commodity currencies as worries about property developer Evergrande’s solvency spooked financial markets, while the safe-haven dollar rose Only on Friday, the yuan hit its highest level in three months at 6.4297 per dollar. The sharp slump in the currency on…

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