
Nigeria's move from a fixed to a floating exchange-rate policy
Jun 30, 2016 14:53 pm UTC| Insights & Views
Africas largest economy has finally floated its fixed currency exchange rate for the first time in history. The freeing of the Nigerian naira after months of policy debates saw the currency immediately plummet by...
Currency Peg Series: Saudi Arabia verbally defends Dollar peg
May 30, 2016 11:07 am UTC| Commentary
Ahmed al-Kholifey, Governor of Saudi Arabias Monetary Authority (SAMA) dismissed that kingdom may consider revising its currency peg with U.S. Dollar, which will result in a significant devaluation of Riyal from its...
February’s soft inflation readings to make way for RBI to cut rates in April
Mar 15, 2016 06:40 am UTC| Commentary
Indias WPI and CPI inflation numbers for February came below expectations. CPI inflation decelerated to 5.2% y/y in February from Januarys 5.7%, mainly due to weaker food prices, whereas core inflation accelerated....

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....