Browsing: currency market

Argentina’s Economy Minister Milei is taking bold action to rein in the currency market as the peso supply surges, aiming to stabilize the fragile economy amid soaring inflation and a sharp rise in capital flight, Bloomberg reports

In a surprising analysis, strategists suggest that Japan, rather than China, may have strong incentives to reduce its U.S. Treasury holdings. This shift could be driven by Japan’s need to stabilize its currency amidst ongoing economic challenges.

In today’s ForexLive Asia-Pacific FX news wrap, Bank of Japan Governor Kazuo Ueda addressed key monetary policy issues, underscoring the central bank’s commitment to maintaining its accommodative stance. His remarks influenced market sentiment, impacting the yen’s fluctuations.