Tag: foreign exchange

As the Democrats win back Congress, falling US Treasury yields and a softer dollar offer relief to Asian companies, however there is uncertainty over interest rates and tariffs.

A strengthening yuan contrasts with record lows for the rupiah and peso, as diverging monetary policies complicate corporate hedging across Asia.

The Japanese yen fell to a 40-year low, the Korean won outperformed, the Rmb was flat, the Indian rupee was resilient, while MAS unexpectedly tightened monetary policy.

Paul Golden reviews some of the key Asia currency movements in June and talks to market experts, covering Japan, Korea, India, Indonesia and China.

Singapore-based Zaman will continue in his role as co‑head of global markets and treasury in Asia Pacific.

M-DAQ Global’s recently obtained a CMS license from the MAS, helping expand its FX services.

The application, under MAS’s asset tokenisation initiative, demonstrates blockchain’s potential in post trade, but much more work is ahead before a full rollout.

This month’s crash of the Russian and Argentine currencies may not be surprising but does point to wider issues for emerging economies and for treasurers offers an object lesson in handling volatility.

As global corporates face $22.5bn headwinds in currency impact, the Kyriba team advises corporate treasurers to rethink their risk management programmes.

Singapore and Hong Kong have emerged as the leading destinations for forex traders, ahead of other international financial centres, including London and New York.

US dollar volatility will have the biggest impact on APAC treasurers’ ability to predict cash flows and earnings in 2023, the Kyriba team believes.

The latest Kyriba report shows how the rising US dollar and war in Ukraine impacted corporate earnings in the first three months of the year through foreign exchange (FX) volatility.