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foreign exchange market

Brazil central bank intervenes in FX, sells $1bn as real slides further
Markets

Brazil central bank intervenes in FX, sells $1bn as real slides further

  • Tuesday's $1 billion sale, taking central bank intervention since Thursday to over $4 billion, came as pressure on Brazilian assets intensified after President Jair Bolsonaro eliminated certain fuel taxes and increased a tax on banks.
  • There's a (market) crisis of confidence in the government, and we have negative rates.
Published 02 Mar, 2021 08:06pm
Dollar extends decline as risk appetite favors equities
Markets

Dollar extends decline as risk appetite favors equities

  • The US dollar has been weighed down by a string of soft labor market data, even as President Joe Biden's proposed $1.9 trillion spending package takes shape.
  • What the foreign exchange market is looking at in the short term, is the dollar is going to be weak despite progress in the economy because this country has a huge deficit problem.
Published 19 Feb, 2021 08:36pm
Taiwan punishes foreign banks in speculation case
Business & Finance

Taiwan punishes foreign banks in speculation case

  • The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products.
  • The suspension will be a year or more for the most serious cases, the sources said, without saying the length of time being applied to each bank.
Published 05 Feb, 2021 07:42pm