The Japanese yen weakened past 115 per dollar on Friday (Feb. 18) following news that Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Antony Blinken have agreed to meet in Europe next week for talks over the crisis in Ukraine.
The Hungarian forint hit a 3-month high on Tuesday (Jan. 11) on interest rate hike hopes.
The Turkish lira depreciated further to an all-time low of near 11 to the U.S. dollar on Thursday (Nov. 18) after the Central Bank of Turkey (CBRT) slashed its one-week repo auction rate by 100bps to 15%.
The Indian rupee inched higher by 8 paise to 74.79 against the US dollar in early deals on Tuesday (Nov. 2) while most emerging market and Asian currencies started mixed.
It's not a good week for the Australian dollar which fell for a third straight day on Thursday (July 8) with the AUD/USD dropping as much as 1.30%. The pair is currently at its lowest level since December 2020.
Most Latin America currencies were set to lose for the week on Friday (May 21) amid growing concerns over tighter U.S. monetary policy.
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.