The South Korean won strengthened to around 1,440 per dollar, reaching its highest level in three weeks, supported by broad US dollar weakness and sustained foreign equity inflows. The dollar softened across major and Asian peers as intervention risks in Japan weighed on the greenback, lifting regional currencies, including the won. Additionally, the won drew […]
EUR/USD seesawed within the 1.1650-1.1635 range on Wednesday as the Federal Reserve (Fed) cut rates by 25 basis points, as expected, yet there were two dissenters at the meeting. At the time of writing, the pair trades volatile, as traders await the Fed Chair Jerome Powell’s press conference. Dollar swings as traders await Powell’s tone for clues on future […]
Understanding the Balance Sheet Hedging Strategy in Currency Management In today’s rapidly changing global financial landscape, companies face various risks associated with foreign exchange fluctuations. One important risk management strategy is balance sheet hedging, which aims to mitigate the accounting impact of foreign exchange gains and losses. However, many businesses struggle to implement an adequate […]