Search Results for: economy
UK Pound momentum strong, Euro jumps Vs U.S. Dollar overnight
September 1st, 2020
The British Pound to Dollar exchange rate (GBP/USD) enjoyed another strong day on Monday as Sterling bulls continued to push on. Adding some extra fuel to the fire, Cable was able to post a rally in the Asian session ...
European stocks are set to open higher on Monday
August 31st, 2020
European stocks are set to open higher on Monday as dovish U.S. monetary policy signals gave a boost to global risk assets. Germany’s DAX index is seen climbing 116 points to 13,145, France’s CAC up 44 points at 5,049 ...
Doubling down on failed policies with central bank digital currencies
August 27th, 2020
Many central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks. While there is an element of feeling the ...
Will a weak dollar bail out emerging markets? Nope
August 24th, 2020
Back in the simpler days of 2019, there was this (now completely forgotten) impending crisis in which emerging market countries’ dollar-denominated debt was going to blow up their – and by extension the rest of the world’s – economies. ...
Most Asian currencies struggled for direction on Friday
August 21st, 2020
Most Asian currencies struggled for direction on Friday as the yuan pulled back after hitting a seven-month high against the U.S. dollar, while the Taiwan dollar strengthened on the back of better-than-expected export orders. The yuan often tends to ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Europe stock futures tick lower; Offshore yuan and euro to dollar traded up
August 17th, 2020
Stocks in China climbed after the central bank’s injection of cash raised hopes of more supportive monetary policy, with equities and futures elsewhere trading mixed as investors assessed soured U.S.-China ties. The dollar slipped. The Shanghai Composite was more ...
European Stoxx 600 hovered just below the flatline in early trade
August 7th, 2020
The pan-European Stoxx 600 hovered just below the flatline in early trade, with autos falling 0.7% to lead losses while telecoms bounced 1% higher. Asian stocks were mostly lower during afternoon trade. China’s General Administration of Customs said its ...
Gold price rises above $2,000 for first time
August 6th, 2020
Gold has topped $2,000 (£1,527) an ounce for the first time as traders look for havens amid the pandemic. Investors have moved cash into the precious metal as Covid-19 cases rise in the US and more money is pumped ...
Dominant currencies and the limits of exchange rate flexibility
August 3rd, 2020
Faced with an unprecedented shock of collapsing global demand and commodity prices, capital outflows, major supply chain disruptions and a generalized drop in global trade, many emerging markets and developing economies’ (EMDEs) currencies have weakened sharply. Will these currency ...
