CNY devaluation fears adding pressure on EM currency pegs; will it trigger competitive devaluation?
Feb 09, 2016 11:53 am UTC| Insights & Views
China and Japan are the largest economies in Asia and currency movements in these countries are likely to have crucial implications for the whole region. Most Asian currencies are managed floats, but a few pegs remain in...
Moody's: Hong Kong able to support currency peg in view of low debt, large reserves
Jan 29, 2016 01:11 am UTC| Research & Analysis
Moodys Investors Service says that the exchange-rate and financial stability that the Hong Kongs (Aa1 stable) peg provides, which are particularly important given the dominance of financial market activity in the economy,...
Possible ECB monetary policy easing in March to benefit gold in euros
Jan 22, 2016 12:02 pm UTC| Commentary Central Banks
Appreciation in US dollar and stock markets, along with rebound in oil prices led the gold prices to drop below the $1,100 per troy ounce at the end of this trading week. However, gold in euro terms touched a 2-week high...
Change in PBoC’s net foreign assets better gauge of FX intervention
Jan 22, 2016 05:16 am UTC| Commentary Central Banks
The extent of FX intervention can be gauged by measures apart from Official Foreign Reserves (OFR) data, such as the change in PBoCs foreign assets and the change in financial institutions forex purchase position....
Saudi Arabia’s assets take beating as oil drops past $30/barrel
Jan 15, 2016 13:12 pm UTC| Commentary
As oil drops past $30/barrel in todays trading oil producing economies are taking a beating as a whole. Saudi assets are diving with oil. Saudi Arabia is likely to remain under scanner among many other oil producing...
Sniffing a peg break series – HKD faces biggest volatility surge in 12 years
Jan 14, 2016 12:15 pm UTC| Commentary
In the history of currency market break of a peg, tends to be the most profitable trade. It made George Soros famous and rich, who successfully orchestrated Black Wednesday, when BOE had to abandon its peg with German...
Saudi Arabia assures commitment to Dollar peg
Jan 11, 2016 11:38 am UTC| Commentary
Saudi Arabias monetary authority has sent a message to speculators, who have pushing Real forward lower against Dollar, betting lower oil price and growing fiscal imbalance would push Saudi Arabia to with draw from its...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects