Investors from the U.S. and Canada have agreed to back a plan to buy embattled bitcoin exchange Mt.Gox in the hope of clawing back their losses.
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Callum Henderson, Global Head of FX Research at Standard Chartered, says the Swiss franc, Japanese yen and the Singapore dollar have seen safe-haven buying amid brewing tensions in Ukraine.
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By letting the yuan drop sharply against the U.S. dollar, Chinese authorities deterred excess inflows and proved the yuan not a constant one-way bet.
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Manik Narain, head of EMEA FX and fixed income strategy at UBS, says that growth in India relies heavily on foreign investors and any further inflation is going to damage growth.
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Fred Neumann, co-head of Asia economic research at HSBC, says the political stalemate in the U.S has prompted Asian investors to look for alternatives to the dollar.
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Ulrich Leuchtmann, head of FX Research at Commerzbank, tells CNBC that although there has been less volume, investors have been positioning themselves very significantly.
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Jeffrey Halley, Senior Manager FX Trading at Saxo Capital Markets gives CNBC's Cash Flow his view on the Indian rupee, Indonesian rupiah and Malaysian ringgit.
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Because of their low correlation in movements to traditional investments in stocks and bonds, alternative investments are viewed as a “hedge” to help protect portfolios during sideways or down markets.
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Hong Kong doubled the quota for settling cross-border yuan trade to 8 billion yuan ($1.25 billion) for the last quarter, in response to a squeeze in interbank liquidity in the offshore yuan market caused by global selloffs.
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Stocks closed out their worst quarter since the financial crisis, but it might be too early for investors to breathe a sigh of relief, as volatility will likely continue.
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Gold fell on Wednesday, after its first rebound in five days the previous day, as investors flocked to the U.S. dollar for safety as doubts flickered over European nations' commitment to a plan to recapitalize the region's banks.*
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