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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

McDonald’s misses earnings estimates due to rising costs, pandemic woes

McDonalds fell short of its revenue, and profit estimates, and the company cited rising costs and low sales turnout in its more than 4,500 store outlets in China and Australia. It said that the issues brought by the...

Nike appoints Ann Miller as new executive vice president

Nike, the American footwear and sports apparel company, announced it had promoted Ann Miller to be its new executive vice president and general counsel. Her assignment is set to take effect on Feb. 17. Portland Business...

S. Korea’s Largest Solar Farm Begins Operations

South Koreas largest solar power plant that covers an area of 1.42 million square meters, encompassing four towns in the southwestern county of Shinan has begun operations. The solar farm, which holds a capacity of 150...

S. Korean institute develops chimney smoke fine dust filtration system

The Korea Institute of Machinery and Materials had developed a system that filters fine dust in the white smoke emitted from thermoelectric power plants and waste incinerating facilities through simultaneous cooling and...

Politics

Donald Trump 'strong-armed' the RNC into paying his legal fees

Former President Donald Trump is facing several lawsuits and investigations, a few of which were related to the 2020 elections and his efforts to overturn the election results. Attorney Tristan Snell explained how Trumps...

Mark Meadows aide testified before Jan. 6 committee

The congressional committee investigating the January 6 Capitol insurrection is steadily making more and more progress into piecing together the events that took place. Another development to the panels probe is that they...

Kamala Harris to play important role in selecting new SCOTUS justice

Speculations have now begun as to who US President Joe Biden will be nominating as the next Supreme Court justice. Vice President Kamala Harris is set to play a key role in the selection of the next justice of the high...

Joe Biden, Drew Barrymore, others to honor Betty White in tv special

US President Joe Biden will take part in a television special honoring actress and comedienne Betty White, who passed away in December. Biden will be alongside many other celebrity guests in the special that is set to air...

Science

Hyundai Steel develops high crack resistance steel plates for EVs

Hyundai Steel Co. had developed a premium 1.5GPa martensitic (MS) steel plate for eco-friendly vehicles, which has a higher crack resistance than any other in the same product category. South Koreas No. 2 steelmaker...

Japanese lunar exploration firm Ispace plans first moon landing by private firm

Ispace Inc. will execute the worlds first moon landing by a private company through its unmanned lunar lander, which will be launched by the end of this year from the US. It will carry lunar probes developed separately...

SK Chemicals to ramp up production of chemically-recycled PET for food containers

SK Chemicals Co. has ramped up its production of chemically-recycled (CR) PET for the food container market, made by chemically decomposing waste plastics to turn them into pure raw materials and then used for...

S. Korean researchers develop portable ‘electronic nose that checks meat freschness

The Korea Research Institute of Bioscience and Biotechnology developed a portable electronic nose that can check in real-time whether meat has spoiled. The research team developed the electronic nose by creating two...

S. Korean scientists develop protein absorbent that collects rare earth elements from steel slag

A Gwangju Institute of Science and Technology research team has developed a protein absorbent that can collect rare earth elements from steel slag, an industrial by-product. The research team succeeded in selectively...

Technology

OnePlus Nord CE 2 5G will reportedly launch on February 11

It now looks like February is going to be a huge month for people looking to upgrade to a new mid-range phone as well. A recent leak suggests the OnePlus Nord CE 2 5G could be announced in February. To recap, the first...

‘Death Stranding’ PC gamers will only pay $10 for the Director’s Cut upgrade

PC gamers finally have a release date for the Death Stranding: Directors Cut on Steam, and it is happening quite soon. Another good news is that players who have already purchased the base game do not have to buy the...

‘Hyper Scape’ servers to shut down on April 28

Ubisoft announced on Thursday that it would stop the development of Hyper Scape in the coming months. That also means its servers will be shut down soon, leaving its loyal fans only a few months left to keep playing the...

Epic Games Store will continue offering weekly free games in 2022

Epic Games Store users will continue getting one of the best deals throughout 2022 as Epic Games announced that the weekly free game giveaways will still be available on its digital storefront. Players have also been...
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