Indiaโs FX Reserves Dip, Snapping the Longest Rising Streak in Over Five Years
RBI interventions in the currency market could put further pressure on reserves.
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RBI interventions in the currency market could put further pressure on reserves.
The yen pared declines seen after the Bank of Japan disappointed traders who wanted clearer guidance on the central bankโs plans to further raise interest rates, with the Nikkei reporting that officials conducted a rate check in the currency market.
London, Sept. 10 (Jiji Press)--The U.S. financial authorities carried out a foreign exchange intervention worth 500 million euros to prop up the yen on July 31, European Central Bank President Christine Lagarde said Thursday. "I'm not going to comment" on any foreign exchange intervention of any kind, Lagarde told a press conference in Berlin. But she disclosed the size of the euro-selling,...
The yenโs recent rally marks the beginning of a broader correction in the currencyโs long-running undervaluation, according to Edmond de Rothschild Asset Management.