The recent news of the U.S. manufacturing sector growing in March for the first time since September 2022 has had a significant impact on the currency markets. The Institute for Supply Management (ISM) reported that manufacturing production rebounded, with new orders increasing. However, factory employment remained subdued and prices for inputs rose. This rebound put
Forex
The latest data from the Commodity Futures Trading Commission (CFTC) reveals a clear trend among hedge funds – a strong preference for the dollar. Speculators are increasing their net long dollar position against a variety of currencies, particularly G10 currencies such as the Japanese yen and Swiss franc. The surge in dollar position has been
Japanese Finance Minister Shunichi Suzuki expressed concerns on Monday about speculative movements in the currency market that he believes do not accurately reflect economic fundamentals. He reiterated the need for caution against excessive declines in the value of the yen, stating that the government will closely monitor the situation and take necessary actions if required.