Indonesian Stocks, Currency Drop After Fresh Bombing – Bloomberg
Indonesia’s stocks and currency fell on Monday after a fresh explosion rocked the main police office at Surabaya, a city that was hit by a series of bombings a day earlier.
Hedge Funds Cut Gloomy Dollar Bets Vs Emerging FX, Swiss Franc – Reuters
Hedge funds and speculators continue to revise their bearish view on the dollar, making historic cuts to their short positions at both ends of the risk spectrum
FX Corner: ‘Which Way For The USD?’ Plus AUDJPY And USDCHF Trade Ideas – Seeking Alpha
I’ve got a few key issues to write about here with the main issue pertaining to USD direction. In FX, this is absolutely key, and in recent weeks, I have changed my USD bias from being long term bearish to actually being bullish due to underlying money market fundamentals.
C$ Firms Against Weaker Greenback as Oil Prices Rise – Reuters
The Canadian dollar edged higher against its U.S. counterpart on Monday as the greenback broadly fell and oil prices rose.
Currency Crisis Won’t Rock Asia – The Economic Times
The turbulence seen across emerging markets is following a similar pattern to a crisis that rocked global trading more than two decades ago — it involved tequila.