Japan's Yen weakens beyond 160 per Dollar, the weakest level since 1986.
Source: Bloomberg, HolgerZ
How India's rupee went from most to least volatile currency in Asia
Source : Bloomberg
Asset Managers have built the largest Japanese Yen short position in history
Source: Bloomberg, Barchart
As the yen teeters toward 160, Japan says it's ready to intervene in the Yen's collapse 24 hours a day if necessary 👀
Note that previous interventions have been unsuccessful, to say the least... Source: Barchart
The US dollar’s share of foreign reserves remains dominant, though it has continued to slowly erode
This has been accompanied by a rise for others such as the Australian dollar, Canadian dollar, Chinese renminbi, and Korean won. Source: IMF
BREAKING 🚨: Indian Rupee
India's currency has fallen to an all-time low against the U.S. Dollar
SNB Cuts Rate Again to Aid Economy and Stem Gains in CHF
The Swiss National Bank cut borrowing costs again to loosen constriction on the economy and stem gains in the franc, a move that contrasts with the hesitancy of global peers over easing.
Officials in Zurich lowered their benchmark by 25 basis points to 1.25% on Thursday after a decision that observers found hard to predict.
Source: Bloomberg
The US Dollar's reserve currency status remains in a downtrend:
The US Dollar share of the world's central banks reserves fell slightly to 58.4% in Q4 2023 from 59.2% in Q3 2023, according to the IMF. By comparison, the US Dollar accounted to 71% of reserves globally in 2000. However, it is worth noting that the US Dollar remains the most dominant currency and it's not even close. For example. the Chinese Yuan's share in Q4 2024 was just 2.3% and the Euro's share is ~20%. Is the US Dollar's reserve currency status safe? Source: The Kobeissi Letter, BofA
