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19 Feb 2024

Pound Bulls Stand Their Ground

source: bloomberg

31 Jan 2024

Egypt: The currency is in free-fall

Black market rate: 1 dollar = 70 pounds Official rate: 1 dollar = 30.9 pounds The pounds has weakened by nearly 24% in the market in 2024. Egyptian billionaire Naguib Sawiris criticized delays in enacting a long-awaited devaluation of the pound, suggesting authorities match the spiraling black market rate to end the nation’s chronic foreign-currency shortage. Postponing reforms is “a disaster that will increase the extent of the critical situation we are in,” Sawiris said in an Arabic-language post on social media platform X. Egypt’s pound has plunged on the parallel market to 68-70 per dollar in recent days, leaving it more than 50% weaker than the official rate of about 30.9. Source: Bloomberg, Ziad M Daoud

30 Jan 2024

🇯🇵 Hedge Funds, Asset Managers Take Opposite Yen Bets Amid BOJ Talk - Bloomberg, C.Barraud

Hedge funds and asset managers were split on their yen views as the Bank of Japan laid the ground for an end to its negative-rate policy. Leveraged funds cut net yen shorts to the lowest level since February 2023 in the seven days ended Jan. 23 when BOJ announced its last policy decision, according to a report from the Commodity Futures Trading Commission. In contrast, asset managers, such as pension funds and insurance companies, boosted net shorts by the most since May when the investors switched to shorts from longs.

4 Jan 2024

One of the most important chart of 2023

Source: FT

27 Nov 2023

During 25 years before joining the Euro Italian Lira lost 83% against Deutsche Mark. Last 25 years they have been pegged. How much value would the Lira have lost against Deutsche Mark without the peg?

Source: Bloomberg, Michel A.Arouet

30 Oct 2023

Moments ago the yen spiked to a session high against the US dollar

The highest since Oct 12, after Japan's Nikkei reported that the Bank of Japan may tweak its YCC again and allow long-term yields to rise above 1% as soon as its Tuesdays meeting. Source:

23 Oct 2023

Argentina's currency has lost 96% of its value vs the USD in the past decade

In that period, the central bank has increased the monetary base by 2,046% to finance government political spending... Source: Bloomberg

17 Oct 2023

The Israeli Shekel has fallen to its lowest price against the U.S. Dollar since early 2015

Source: barchart

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