Error: Twitter did not respond. Please wait a few minutes and refresh this page.
Tag Archives: FX
China’s latest FX adjustment is neither a “competitive devaluation” nor the opening shot in a “currency war”. Given the negative contribution of net exports to growth as of late, it is also unrelated to efforts to boost growth. Instead, the … Continue reading
Russia’s central bank yesterday abandoned its policy of unlimited FX intervention in support of the ruble. This precipitates the shift to a freely floating exchange rate regime which was due to commence only in 2015. The move came in response … Continue reading
Calls for a Yen sell-off have been an ongoing feature of the economic Kommentariat for the past three years. They have gained renewed vigor as the BoJ engages in yet another round of quantitative easing against a backdrop of a … Continue reading
In its new round of quantitative easing, the Fed’s operations are now open-ended, unlike in previous instances. What is more, in what could mark a turning point in its approach to monetary policy, it signaled that its loose stance might … Continue reading
Risk sentiment and commodity prices bode ill for AUD in the event of a Chinese slowdown. Effects on other G10 currencies are more ambiguous: A reduction in global liquidity and redressing of global imbalances will likely be positive for USD, … Continue reading