The U.S. dollar is expected to remain resilient despite possible Fed rate cuts this year. Jackal Pan | Moment | Getty Images Asian currencies could be on the “backfoot” this year despite signals that the U.S. Federal Reserve could cut interest rates soon, according to Julia Wang, executive director and global market strategist at JPMorgan … Read more
Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Japan’s Nikkei 225 smashed through the 40,000 level on Monday, soaring past another milestone to a new record high — but it did not surprise Japan expert Jesper Koll who expects another 37% upside for the benchmark stock index. “In my view, it is perfectly reasonable … Read more
The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar, some … Read more
Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle trades in other currencies — is still far away. “I would like to be able to transact everything in rupees. That’s my personal [view],” India’s … Read more