The Canadian dollar has become a top pick in the $9.5-trillion-a-day foreign exchange market due to its link to oil prices as the war in the Middle East grinds on. As most major currencies fell versus the US dollar this week in the wake of conflict between the US and Iran, the loonie has weathered…
A measure of demand in the $9.5-trillion-a-day foreign-exchange market is signaling renewed appetite for US dollar funding as a spiraling war in the Middle East slams global risk appetite. Measures of the so-called cross-currency basis — the extra cost investors pay or receive when sourcing dollars overseas instead of the US — show a surge…
With growth and inflation seen as largely stable, the discussion centered on tools to address liquidity, which have remained under strain due to persistent RBI intervention in the foreign exchange market to curb excessive rupee volatility, strong credit growth, and advance tax outflows. RBI’s Monetary Policy Committee will meet on 4-6 February, which will be…
