CNY/USD is emerging as the carry trade of choice for financial institutions, replacing the yen as a new favorite. But what does the move mean for forex markets?
DUBAI, UAE, Oct. 26, 2021 /PRNewswire/ -- On October 26th, AEX Global integrated with Banxa and Xanpool payment platforms, adding 22 new fiat currency access
The US Dollar rose against SGD, THB, IDR and PHP this past week. Less-dovish Fed expectations and a slowing China seem to be key drivers. Eyes are on NFPs as US-China trade tensions could resurface.
The US Dollar could lose some ground against ASEAN currencies such as the Singapore Dollar and Thai Baht amid slowing Emerging Asia Covid case growth. Softer US NFPs may also bode well.
The US Dollar may remain on the offensive against ASEAN currencies amid Covid case growth and regional lockdown risks that threaten growth. All eyes are also on the Federal Reserve.
The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.
The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell.