Currencies

In 2020, Ukraine’s international reserves rose by 15%, to an equivalent of USD 29.1 billion, an eight-year high, according to the National Bank of Ukraine (NBU).

The British pound rose to a near two-year high against the dollar on Thursday (Dec.

Investors seem to be losing their confidence in investing in emerging markets (EM) currencies.

Currency volatility has caused more than $12 billion in Q1 2020, according to the latest Kyriba Currency Impact Report (CIR) which details the impact of foreign exchange (FX) among 1,200 multinational companies based in North America and Europe.

China will launch a long-expected pilot scheme to allow cross-border investment in wealth management products (WMPs) by residents in the semi-autonomous economies of Hong Kong and Macau,  the People’s Bank of China (PBOC) said in an online statement Monday.

The US dollar rose 0.2% against the yuan in onshore trade to 7.1031 on Thursday (May 21) as investors focused on fresh tensions between the United States and China. 

The euro traded lower on Friday (Feb. 14), dropping to the lowest level against the dollar since May 2017, extending its recent losses, following the release of Germany’s underwhelming growth figures.

The Japanese yen fell against its major counterparts in the Asian session on Thursday as the United States and Iran moved away from an all-out conflict. The two sides dialled down their rhetoric following days of heightened tensions caused by the US assassination of  a to

The Australian dollar rallied 0.4% at $0.6789 on the first trading day of December after an unexpected rebound in Chinese manufacturing activity helped offset investor anxiety over world growth.

Most CEE currencies are seen returning to gains over the next 12 months, lifted by solid growth, according to a Reuters poll among analysts.