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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come

Jan 14, 2021 04:56 am UTC| Investing

The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...

Currency War Series

Korean Won Weakens Sharply Due to Speculations About Kim Jong Un's Health

Apr 22, 2020 10:40 am UTC| Economy

The Korean won had fallen to a low of 1,241.15 against the US dollar Tuesday following unconfirmed reports that North Korean leader Kim Jong Un is gravely ill. The Korean won last fell to 1,229.59 per dollar. CNN...

Currency War Series

Currency manipulation and why Trump is picking on Brazil and Argentina

Dec 04, 2019 11:24 am UTC| Insights & Views Economy

President Donald Trump slapped new tariffs on Brazil and Argentina after accusing them of manipulating their currencies to boost exports. It wasnt the first time Trump has labeled another country a currency manipulator...

Currency War Series

Turkey’s homemade currency crisis has truly global implications

Aug 16, 2018 19:57 pm UTC| Insights & Views

Turkeys recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an economic war and a currency plot. On...

Currency War Series

Brazilian central bank likely to cut key rate by 100 bps, says Commerzbank

Apr 12, 2017 07:02 am UTC| Commentary Central Banks Economy

The Brazilian central bank is expected to cut its key rate by an impressive 100 basis points tonight; that is certainly what a poll amongst analysts would suggest. Some are even expecting 125bp. The development of the rate...

Currency War Series

Northeast Asian nations undertake efforts to avoid being named 'currency manipulator', says Scotiabank

Feb 13, 2017 06:02 am UTC| Commentary

China, Japan and Korea and another three major trading partners of the U.S. were placed on the Monitoring List in the semi-annual report on International Economic and Exchange Rate Policies released by U.S. Treasury...

Currency War Series

Brazilian central bank slashes interest rate, citing Trump-related global uncertainties

Dec 01, 2016 06:07 am UTC| Commentary Central Banks Economy

The central bank of Brazil has slashed interest rates in the monetary policy meeting held Wednesday, as was widely expected by market participants, citing US President-elect Trump-related global uncertainties that are...

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Economy

Smart robots to revitalize Japan's economy, competitiveness: Softbank CEO

Smart robots can revitalize Japans economy and competitiveness, insists Softbank Group CEO Masayoshi Son, as their much-hyped robot dubbed Pepper, prepares to bow out. According to Son, their Vision Fund is...

S. Korea to develop solar-powered drone that could carry 20 kg to stratosphere

South Korea will invest 37.47 billion won in developing a solar-powered drone that could carry over 20 kilograms in the stratosphere with natural disaster monitoring capability by 2025. Drones that reach the...

Hyundai Motor to reuse spent-up EV batteries as energy storage systems in Texas

Hyundai Motor Group has collaborated with Texas-based groups CPS Energy and OCI Solar Power to test whether spent-up electric vehicle batteries could be reused as energy storage systems. ESS stores leftover electricity...

S. Korea to invest 2.6 trillion won in hyperconnectivity

South Korea will invest 2.6 trillion won in hyperconnectivity and related technologies for newly emerging services by 2025. The Ministry of Science and ICT identified the emerging services as metaverse, blockchain, and...

Countless chicken meat buyers eligible to share in $181 million price-fixing settlement

A $181 million class-action lawsuit price-fixing settlement allows anyone who purchased chicken from a grocery store in the last decade-plus to be eligible to collect. Law firms Hagens Berman Sobol Shapiro and Cohen...

Politics

Capitol riots: Federal judge rejects insurrectionist's request to move case out of DC

Hundreds of people have already been arrested and detained for their participation in the January 6 Capitol insurrection. Many are now being tried for their involvement, and a federal judge has rejected a request by an...

Joe Biden says extreme weather will cost US over $100 billion this year

One of the issues that US President Joe Biden plans on tackling during his presidency is that of climate change. During his visit to Colorado, Biden said that the extreme weather would cost the country billions this...

Joe Biden to urge world leaders to vaccinate 70 percent of the world by 2022

With the rising cases of the Delta variant of COVID-19 all over the world, US President Joe Biden is looking to curb the pandemic once and for all. In the upcoming summit next week with world leaders, Biden is set to get...

Nancy Pelosi reportedly told Gen. Mark Milley that Donald Trump should have been arrested for inciting the insurrection

Among the lawmakers who were being targeted by the pro-Trump mob that stormed the Capitol last January 6 was Democratic House Speaker Nancy Pelosi. A new book recently claimed that Pelosi spoke with a top general, saying...

Science

S. Korean scientists develop 3D printing ink from sunflower pollen

A group of South Korean scientists from Nanyang Technological University in Singapore managed to develop 3D printing ink material from sunflower pollen. The research team led by professor Cho Nam-joon first incubated...

Kumho Petrochemical to produce eco-friendly rubber compound out of rice bran

Kumho Petrochemical Co. will produce an eco-friendly synthetic rubber compound made of rice bran-based bio-silica. Silica improves fuel efficiency, braking power, and wear resistance of synthetic rubber for...

From CRISPR to glowing proteins to optogenetics – scientists' most powerful technologies have been borrowed from nature

Watson and Crick, Schrdinger and Einstein all made theoretical breakthroughs that have changed the worlds understanding of science. Today big, game-changing ideas are less common. New and improved techniques are the...

234 scientists read 14,000+ research papers to write the upcoming IPCC climate report – here's what you need to know and why it's a big deal

This week, hundreds of scientists from around the world are finalizing a report that assesses the state of the global climate. Its a big deal. The report is used by governments and industries everywhere to understand the...

Insulin was discovered 100 years ago – but it took a lot more than one scientific breakthrough to get a diabetes treatment to patients

Diabetes was a fatal disease before insulin was discovered on July 27, 1921. A century ago, people diagnosed with this metabolic disorder usually survived only a few years. Physicians had no way to treat their diabetic...

Technology

GeForce Now leak did not confirm ‘Halo 5’ PC port, 343 Industries says

Aside from a couple of AAA games getting delayed, the gaming world was rocked this week with the massive GeForce Now datamine. Many gamers have assumed that most games mentioned in the leak are in the pipeline. However,...

MacBook Pro could feature 90Hz OLED panels from Samsung Display in 2022

Apple fans are still waiting for the announcement of the MacBook Pro refresh this year, but they might already have a few details to know about the laptops to come next year. Samsung Display confirmed Thursday that the...

Apple Watch Series 7 full specs appear in an alleged internal document

The Apple Watch Series 7 ended up being one of the most intriguing products from the tech giants launch event last Tuesday. It was not surprising that the company did not announce details about the watchs release, but it...

Xiaomi 11T Pro exclusively features 120W HyperCharge

The Xiaomi 11T series has been launched and the high-end Pro model unsurprisingly got the best features in the lineup. Aside from powerful cameras, it is also the only Xiaomi flagship this year to ship with the companys...
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