(Bloomberg) -- The analyst who most accurately predicted the ruble’s rally in the second quarter is now its most pessimistic forecaster. The Bank of Russia’s switch to monetary easing is the reason Jaroslaw Kosaty, a currency strategist at Poland’s largest bank, sees the currency sinking about 9% against the dollar...
Investing.com - The U.S. dollar was hovering near seven-week lows against a currency basket on Wednesday amid growing expectations for a Federal Reserve rate cut in the face of increasing headwinds to the economy caused by trade conflicts. Fed Chairman Jerome Powell on Tuesday pledged that the central bank will...
Investing.com - The dollar swooped lower against its rivals Friday, and looked set to snap a four-week winning streak, after Federal Reserve Vice Chairman Richard Clarida flagged concerns about global growth and delivered somewhat dovish remarks on monetary policy. The U.S. dollar index, which measures the greenback against a trade-weighted basket...
By Tom Westbrook SINGAPORE (Reuters) - The dollar slid in another seismic shift to price in more U.S. interest rate cuts on Thursday, as President Donald Trump sapped market confidence with a coronavirus plan light on details. The greenback dropped as far as 1% to 103.32 yen , fell as much...
Investing.com - With little data on the economic calendar in the week ahead, markets will likely focus more heavily on political headlines after the failure by the U.S. Congress and President Donald Trump to agree to a spending bill by midnight Saturday resulted in a partial U.S. government shutdown. Meanwhile, reports...
SINGAPORE (Reuters) - The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, including the world's...

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As dollar slides, some investors fret about its status as world’s reserve currency

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Global Banks Failed to Close Lira Trades When Liquidity Dried Up

(Bloomberg) -- Several international banks failed to close their lira positions with Turkish counterparts on Tuesday, an outcome of policies that are keeping a lid on local-currency...