Currency - General News

Re: Currency - General News

Postby winston » Fri Nov 18, 2016 9:16 am

POLITICS IS NOW DOMINANT DRIVER FOR CURRENCY MARKETS, WATCH IT CLOSELY

By Gwyneth Yeo

Source: The Edge

http://smr.theedgemarkets.com/article/p ... e-87358173
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Re: Currency - General News

Postby winston » Mon Nov 21, 2016 8:40 am

Asian currencies are crashing against the USD. Is it time to buy more USD or take profit?

By Kang Wan Chern

EM currencies could continue to weaken if Trump makes good on his threat to restrict trade.


Among the currencies in Asia that are likely to be affected by this are the MYR and IDR as well as the Singapore dollar (SGD), Korean won (KRW), Thai baht (THB) and China’s renminbi (RMB). This is because these countries are heavily reliant on trade.


Source: The Edge

http://smr.theedgemarkets.com/article/a ... 6-87358173
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Re: Currency - General News

Postby behappyalways » Tue Nov 29, 2016 10:06 pm

Zimbabwe note launch stokes currency fears
http://www.bbc.com/news/business-38128236
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Re: Currency - General News

Postby winston » Wed Nov 30, 2016 7:27 pm

Asia Is About to Face a Significant Dollar Stress Test

A perfect storm of macro and market forces could generate a dollar crunch next year, Deutsche Bank AG analysts warn.

by Sid Verma

$15 billion fleeing Asian bonds and stocks this month alone — close to 30 percent of year-to-date inflows to the region


The pain for emerging markets will intensify in 2017, citing, in part, the rising cost of servicing dollar debts amid a strengthening greenback relative to local currencies, and higher Fed policy rates.


The outstanding dollar-denominated credit to the rest of the world has more than doubled over the past 10 years to nearly $10 trillion"


Another risk factor: a repatriation of U.S. corporate earnings held in Asian markets, if Trump makes good on his campaign promise to reform the tax code.

Deutsche strategists calculate Singapore has $100 billion of such funds alone, underscoring the city-state's status as center for treasury departments around the world.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... tress-test
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Re: Currency - General News

Postby winston » Sat Feb 25, 2017 1:40 pm

The biggest financial story in the world today

Source: Daily Crux

http://thecrux.com/rickards-the-biggest ... rld-today/
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Re: Currency - General News

Postby winston » Tue Mar 14, 2017 10:21 am

What a Big Mac tells us about world currencies today

Source: Daily Crux

http://thecrux.com/what-a-big-mac-tells ... ies-today/
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Credit Markets ( incl TED, Euribor OIS, iTraxx etc )

Postby winston » Tue Apr 25, 2017 8:10 am

The looming collapse in corporate credit

Source: Daily Crux

http://thecrux.com/our-most-serious-war ... te-credit/
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Re: Currency - General News

Postby winston » Tue Jun 20, 2017 10:17 pm

How Does Currency Impact Your Portfolio?

Take backward-looking risk measures with a grain of salt.

By Tom Whitelaw

Source: Morningstar

http://news.morningstar.com/articlenet/ ... yptr=yahoo
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Re: Currency - General News

Postby winston » Thu Sep 14, 2017 11:34 am

Financial services giant picks six currency trades for now through December

Nomura set out six currency trades for investors to run through the end of 2017

Those trades aren't good news for the dollar

by Leslie Shaffer

Nomura was already bearish on the dollar against the euro and now it's adding the yen.


Yields in Germany and Japan are both around zero, meaning that the downside risk was very limited, unlike in the U.S.

It said it expected the euro could reach $1.25 or higher in coming months, while the dollar/yen could fall toward 100 to 105.


Nomura said it was already short the pound against the euro as well as the dollar and the New Zealand dollar.

Now it's added Canada's loonie.


"There are some encouraging signs coming through in the Australian economy, with investment intentions upgraded, business conditions elevated and momentum in the labor market positive," it said.

It added that, while the Reserve Bank of Australia was in no hurry to raise rates, the next move would still likely be higher.


"On the other hand, we believe the Mexican peso will continue to face depreciation risks on the back of the uncertainty surrounding NAFTA negotiation and the presidential election ahead."


Soure: CNBC

https://www.cnbc.com/2017/09/12/nomura- ... CKW,ZY9Z,1
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Re: Currency - General News

Postby winston » Mon Mar 26, 2018 9:09 pm

As Trade War Heats Up, Biggest Currency Whales Make Their Move

Central banks seen moving $500 billion of reserves into euros
Euro-area growth, Trump have FX managers hedging dollar risk

The dollar commands the lion’s share of the world’s $11.3 trillion of international reserves.

Nordvig estimates a half-trillion dollars could flow into the euro in the next two years, equal to a 25 percent boost in the currency’s share of reserves.


Source: CNBC

https://www.bloomberg.com/news/articles ... yptr=yahoo
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