Saudi's USD/SAR's peg likely to break?
Nov 24, 2015 05:27 am UTC| Commentary
Off-late oil price declines have driven the speculations higher about the USD/SAR pegs breaking possibility. This is unlikely. 12 month forwards are already setting to price in SAR weakness. This clearly signals that...
RMB’s peg to USD will have to go probably sooner
Oct 26, 2015 06:52 am UTC| Commentary
The PBoC is getting better and better at seizing the right timing for monetary policy easing. This move is clearly responding to the still weak growth data released earlier. Modest inflationary pressures, as indicated by...

Sniffing a peg break series - HKD peg under pressure, trapped in FED hike and Chinese slowdown
Oct 13, 2015 11:18 am UTC| Insights & Views Central Banks
For almost a month Hong Kong Dollar peg is under strain on the strong side, prompting authorities to intervene in the market. Though, theoretically a central bank can protect a peg, on strong domestic currency side by...

Smelling a peg break series – strain on Saudi Arabia
Sep 14, 2015 14:59 pm UTC| Insights & Views
Saudi Arabia is pumping crude at record pace in its bid to protect its market share, especially in Asia, and to push high cost producers out of the oil market. However, its strategy at one hand to pump crude at record...
Czech Koruna peg leads to swell in FX reserve
Sep 08, 2015 14:41 pm UTC| Insights & Views
Latest data released by Czech National Bank (CNB) revealed how intense the pressure has been on the Euro- Czech Koruna peg at 27, which has been in place since 2013. With 4.4% y/y GDP growth, interest rate at 0.05%,...

Renminbi series: Controlled devaluation or peg break?
Aug 24, 2015 05:55 am UTC| Insights & Views
Turmoil in financial markets has now spilled over third week, which began when China chose to devalue its currency using the fix. Fix is the mid-value of Dollar/Yuan, which is set by Peoples bank of China (PBoC) every day...

Lower oil revenue adds pressure on Riyal peg
May 28, 2015 10:36 am UTC| Insights & Views
Saudi Arabian Riyal has been pegged to US Dollar since 2003, officially at 3.75. This year the peg is experiencing pressure and volatility as dwindling oil revenue puts pressure on Saudi coffer. It was during 2008/09...