Global Currencies Update

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Re: Global Currencies Update

Postby voight » Sun Oct 15, 2017 10:21 am

Weekly Forex Snap Against LKR- 14/10/2017

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- All major currencies gained this week against LKR.

- GBP gained 2% from previous week while USD gained 0.3%.

- on YOY basis USD has gained only 4.7% though EUR and GBP gained close to 13% and 14 % respectively.

- US Fed decision should be closely monitored along with the new appointment to the FED
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Re: Global Currencies Update

Postby voight » Sun Oct 22, 2017 12:39 pm

Weekly Forex Snap Against LKR- 21/10/2017

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- All major currencies depreciated against LKR this week.

- Investors are waiting for the budget to determine what are the steps taken to address depleting forex reserves.

- USD and GBP likely to face fluctuations during this quarter amid political uncertainty over tax reform and brexit negotiations.
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Re: Global Currencies Update

Postby Contra » Sun Oct 22, 2017 1:27 pm

Thank you for beautiful charts.NZD is one currency to watch in the coming months. NZD became not only almost par with AUD but also overvalued against most currencies in the world after speculators and carry traders took positioned on it. Now it is falling against most currencies including against Sri-Lankan rupee. Rupee was trading around Rs.114/115 against one NZD in July. Now rupee is trading around Rs.107 against one NZD. Milk importers from New Zealand will benefit.

https://www.dailyfx.com/forex/fundament ... tofDS.html

https://www.odt.co.nz/business/dollar-drops-5-month-low

http://nine.currency-news.com.au/news/a ... news-1058/
Company, stock market, politics and the economy are four different things.

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Re: Global Currencies Update

Postby Contra » Fri Oct 27, 2017 2:06 pm

http://www.scoop.co.nz/stories/BU1710/S ... x-cuts.htm

NZ dollar extends slide on progress with US tax cuts
Company, stock market, politics and the economy are four different things.

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Re: Global Currencies Update

Postby voight » Sun Oct 29, 2017 10:10 am

Weekly Forex Snap Against LKR- 28/10/2017

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- All major currencies gained against LKR this week. EUR gained approx 1.5% while GBP gained 0.5%. USD gained marginally for the week.

- JPY remained flat for this week.

- So far YOY,
> USD gained 3.85%,
> GBP gained 11.89%
> EUR gained 9.74%
> JPY lost 4.26%
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Re: Global Currencies Update

Postby voight » Sun Nov 05, 2017 12:45 pm

Weekly Forex Snap Against LKR- 04/11/2017

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- All major trading currencies didnt change much for this week.

- Locally, budget direction and impact towards imports/exports should be monitored.

- Internationally, Direction from the US Fed following new appointment and ECB direction should be closely monitored to get currency advantages.
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Re: Global Currencies Update

Postby voight » Sun Nov 12, 2017 9:26 am

Weekly Forex Snap Against LKR- 11/11/2017

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Re: Global Currencies Update

Postby voight » Thu Nov 16, 2017 2:11 pm

Pound under pressure: 4 factors testing the currency

https://www.ft.com/content/4d8c0c50-c877-11e7-aa33-c63fdc9b8c6c
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Re: Global Currencies Update

Postby voight » Sun Nov 19, 2017 4:46 pm

Weekly Forex Snap Against LKR- 18/11/2017

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- All major currencies appreciates this week against LKR

- Bigger gains were seen in EUR and JPY

- EUR and GBP had the biggest gains YOY

- USD is expected to appreciate further towards end of the year.
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Re: Global Currencies Update

Postby voight » Sun Nov 26, 2017 9:21 am

Weekly Forex Snap Against LKR- 25/11/2017

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Re: Global Currencies Update

Postby voight » Sun Dec 03, 2017 11:54 pm

Weekly Forex Snap Against LKR- 02/12/2017

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Expect a detail outlook next week towards 2018 :ympeace:
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Re: Global Currencies Update

Postby PAT » Mon Dec 04, 2017 9:33 am

Thanks V
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Re: Global Currencies Update

Postby voight » Sun Dec 10, 2017 2:59 pm

Weekly Forex Snap Against LKR- 09/12/2017

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Re: Global Currencies Update

Postby PAT » Sun Dec 10, 2017 10:51 pm

Thanks V
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Re: Global Currencies Update

Postby SHARK » Wed Dec 13, 2017 8:02 am

(Bloomberg) -- For the almighty dollar, 2017 has been nothing short of abysmal. Next year might be even worse.

Despite a recent bounce back, analysts and investors say the greenback could lose more ground against the euro and yen as the prospect of strong economic growth and tighter monetary policy outside the U.S. more than offsets higher interest rates at home. The dollar is down more than 7 percent versus the world’s major currencies this year, the most in over a decade.

The economic growth “we’re seeing in Europe, emerging markets and the rest of the world will likely cause the dollar to sell off again,” said Erin Browne, the head of asset allocation at UBS Asset Management, which oversees about $770 billion. When it comes to what central banks in Europe and Japan might do, “there’s very little priced in.”

Browne says the euro could reach $1.30 in 2018, representing a 10.7 percent advance against the dollar. That would be on top of a rally of about 12 percent this year. She also expects further gains in the yen. The dollar was at $1.1748 per euro and 113.50 yen.

It wasn’t supposed to turn out like this. At the start of the year, strategists were almost uniformly bullish on the dollar as traders embraced President Donald Trump’s election and his pro-growth promises of lower taxes and higher infrastructure spending. The Federal Reserve was also set to raise rates, providing more support for the currency.

Yet, much of that optimism soon unraveled. Yes, the Fed has raised rates twice (and another is expected on Wednesday), but the rally never materialized as lackluster inflation and pessimism over the ability of Trump and his fellow Republicans to make good on their legislative promises took their toll.

Currency traders sold dollars this year despite a surge in forward interest-rate swaps, which is essentially a bet on more tightening by the Fed. Instead, they bought euros and yen.

Now, many see the Fed closer to the end of its tightening cycle, which has the $5.1 trillion-a-day foreign-exchange market more focused on the European Central Bank and the Bank of Japan. The shift comes as global growth is expected to strengthen to 3.7 percent next year, the most in seven years.

For the euro, any sign of an economic pickup that prompts the ECB to wind down its bond-buying stimulus could fuel further gains against the dollar.

‘Substantially Weaker’

“Most of the people that we talk to wouldn’t be terribly surprised if, by the end of next year, the dollar was substantially weaker,” especially against the euro, said Daniel Katzive, head of FX strategy in North America at BNP Paribas (PA:BNPP).

It’s not just talk. In the futures market, hedge funds and money managers have piled into bullish bets on the euro, pushing them close to a six-year high on a net basis.

Speculators are less convinced about the yen, but to Deutsche Bank’s Alan Ruskin, that just means that there’s greater potential for a bigger move if the BOJ does retreat from its policy of targeting bond-yield levels. The yen has weakened since the measure, which acts as a form of monetary easing, was introduced in September 2016.

“The yen is actually extremely cheap, so when it turns, it could turn fairly sharply,” said Ruskin, the firm’s global co-head of foreign-exchange research.

Of course, even dollar bears acknowledge there’s a good chance that Trump’s tax cuts could give the greenback a fillip in the first half of the new year. But few see it lasting into the second half -- even if the Fed keeps raising rates. Analysts see the greenback losing ground to 13 of the world’s 16 most-widely traded currencies through the end of next year.

“The Fed can be hawkish and hike, and hike, and hike -- and the dollar goes up a little bit,” said BNP’s Katzive. With all eyes on the ECB and BOJ, “dollar vulnerability versus currencies is always there, and the minute you push the needle a little bit in one direction, you could see an outsized reaction.”
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Re: Global Currencies Update

Postby voight » Sun Dec 17, 2017 12:52 pm

Weekly Forex Snap Against LKR- 16/12/2017

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Re: Global Currencies Update

Postby voight » Sun Dec 17, 2017 1:19 pm

No tree grows to the sky :-?

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Re: Global Currencies Update

Postby voight » Sun Dec 24, 2017 3:40 pm

Weekly Forex Snap Against LKR- 23/12/2017

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Re: Global Currencies Update

Postby voight » Sun Dec 24, 2017 3:44 pm

No tree grows to the sky :-?

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Re: Global Currencies Update

Postby voight » Sun Dec 31, 2017 9:59 am

Weekly Forex Snap Against LKR- 30/12/2017

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Re: Global Currencies Update

Postby voight » Sun Jan 07, 2018 3:21 pm

Weekly Forex Snap Against LKR- 06/01/2018

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Re: Global Currencies Update

Postby voight » Wed Jan 10, 2018 10:36 am

No tree grows to the sky :-?

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Re: Global Currencies Update

Postby voight » Sun Jan 14, 2018 5:09 pm

Weekly Forex Snap Against LKR- 13/01/2018

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Re: Global Currencies Update

Postby voight » Sun Jan 14, 2018 5:11 pm

Sri Lankan rupee edges up on exporter dollar sales
Reuters - Reporting by Ranga Sirilal and Shihar Aneez; Editing by Vyas Mohan

The Sri Lankan rupee closed marginally firmer on Wednesday in dull trade, as dollar conversions by exporters surpassed mild demand for the U.S. currency from importers and banks, dealers said.

The spot rupee ended at 153.70/80, compared with Tuesday’s close of 153.75/80.

“Trading was dull as there was not much of activity in spot trading. There was no big buying today, but there were some forward trades ahead of Sri Lanka Development Bonds (SLDB),” said a currency dealer.

Sri Lanka aims to raise $500 million this month via development bonds (SLDB), the central bank said on Monday, as the government faces unprecedented debt repayment this year.

Pressure on the currency from imports is expected to prevail until the central bank sorts out new regulations for derivatives, dealers said.

The currency fell 2.5 percent last year and 3.9 percent in 2016.

The central bank, while announcing its key economic policies for the year last week, said it has allowed for more flexibility in determining the exchange rate based on market conditions.

It has intervened only to smoothen rupee volatility and to build up reserves, the banking regulator said.
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Re: Global Currencies Update

Postby voight » Sun Jan 21, 2018 12:40 pm

Weekly Forex Snap Against LKR- 20/01/2018

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