Foreign exchange markets shrugged off the central bank's hawkish stance, with oil-exporting currencies emerging as new favorites.

In the latest developments in the global foreign exchange market, currencies of oil-exporting countries are gaining strong support from rising oil prices, becoming a highly sought-after choice for investors. Meanwhile, the resurgence of hawkish forces within the Bank of Japan has driven the USD/JPY exchange rate to continue its decline. The US Dollar Index has recently shown signs of strengthening, driven by two key factors: on one hand, the sustained rise in international oil prices has provided fundamental support for the dollar; on the other hand, the market remains skeptical about the “hawkish rhetoric” of the Federal Reserve’s competitors (such as the European Central Bank), despite these central banks signaling potential interest rate hikes soon. However, the market generally believes that amidst slowing global economic growth...

FX678 FinanceApr 28 18:59

Kazakhstan's Central Bank Keeps Policy Rate Unchanged at 16.50%, as Expected

MT NewswiresJun 5, 2025 22:42