Japanese officials said they would not rule out intervening in the foreign exchange market, the yen rose slightly, and the ruble broke away from a 15-month low |

2023-06-26 22:04:47

The Russian ruble fell against the dollar on Monday (26th), but has come off the 15-month low hit during the session.The top official in charge of foreign exchange affairs warned that the recentJPYThe volatility is too fast, and it is not ruled out that after intervening in the foreign exchange market,JPYSlightly higher.

ICE, which tracks the dollar against six major currencies, in late U.S. trade dollar index (DXY) fell 0.13 percent to 102.77.

The Wagner Group, a Russian mercenary group, staged a one-day mutiny over the weekend to seize the military district headquarters in southern Russia, an operation that has taken Vladimir Putin even as Wagner chief Yevgeny Prigozhin has said he has no intention of overthrowing the government. The 23-year rule poses a serious threat.

Edward Moya, senior market analyst at OANDA, said: “The rapid escalation and rapid de-escalation of the situation is a major threat to Putin. Before, the focus may have shifted temporarily.”

The Russian ruble once fell to its lowest level against the dollar since March last year, falling 0.9% to 84.41 rubles to the dollar by the time of writing.

JPYInched up 0.12% against the dollar to 143.48 JPYAgainst 1 dollar.Masato Kanda, Deputy Minister of Finance of Japan, said that recentlyJPYThe authorities are wary of the rapid and one-way volatility and do not rule out countermeasures against excessive foreign exchange movements.

The Bank of Japan lastJPYThe level of the exchange rate at the time of intervention was around 145.While the Bank of Japan maintains its ultra-loose policy, global central banks are aggressively raising interest rates to fight inflation, making theJPYStressed out.

European Central Bank (ECB) President Christine Lagarde (Christine Lagarde) before the annual central bank forum speech,EURIt inched up 0.14 percent to $1.0907.

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In terms of economic data, Germany’s IFO business climate index fell for two consecutive months in June, falling to 88.5 from 91.5 in the previous month, the lowest since December last year, showing that Europe’s largest economy is still struggling to get out of recession.

GBPIt was down more than 0.2 percent at $1.2713.

offshoreRMB0.4% lower against the dollar at 7.2429 RMBAgainst the US dollar, it hit another seven-month low. After the Dragon Boat Festival holiday, investors braced for the possibility of more supportive measures from the Chinese government.

As of about 6:00 Taiwan time on Tuesday (27th) Price:

dollar indexCall 102.7006. -0.1550%
EURExchange rate against US dollar (EUR/USD) 1 EURAgainst $1.0914. +0.2112%
GBPExchange rate against USD (GBP/USD) 1 GBPAgainst $1.2721. +0.0629%
Australian dollarExchange rate against US dollar (AUD/USD) 1 Australian dollarAgainst $0.6682. +0.0749% USD/USDCanadian Dollars (USD/CAD) exchange rate quoted 1 US dollar to 1.3145 Canadian Dollars. -0.2731% USD/USDJPY (USD/JPY) exchange rate quoted 1 US dollar to 143.46 JPY。-0.1323%
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