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Showing 171 - 180 of 366 results for "Exchange rate"

Yuan stable (for now)

BENJAMIN ONG  |  TUESDAY, 8 SEP 2015
... Turkey when they released the communique stating: "We reiterate our commitment to move toward more market-determined exchange rate systems and exchange rate flexibility to reflect underlying fundamentals, and avoid persistent exchange rate misalignments." ...

Super Mario returns fire

BENJAMIN ONG  |  FRIDAY, 4 SEP 2015
Shots fired! Shots fired! Yes Virginia, Super Mario returned overnight and shot down the euro, putting smiles on the faces of holders of Eurozone stocks - Stoxx 600 up 2.4% -- and bonds - 10-year yields fell across the region. The euro dropped to as ...

Lead us not into a recession

BENJAMIN ONG  |  THURSDAY, 3 SEP 2015
Oh-em-gee! Australia, for sure and for certain, is in trouble now. Economic growth has slowed to a crawl - a mere 0.2% in the second quarter - and that 2.5% below-trend growth in the first quarter we've all been moaning about has fallen below-er trend ...

It's the Fed, stupid

BENJAMIN ONG  |  WEDNESDAY, 26 AUG 2015
... roundtrip back into the America in the form of higher corporate revenues and profits (both in volume terms and in exchange rate translation effects). That's all been reversed with the greenback's appreciation, bumped up higher by the prospect of higher ...

A$ falls to the occasion

BENJAMIN ONG  |  TUESDAY, 25 AUG 2015
... it's engaged in "the art of fighting without fighting". The current financial market mayhem has taken the A$/US$ exchange rate back to 2009 GFC levels. It's currently trading around US$0.7165. The chart below (log scales) shows that it's the Australian ...

Three for three

BENJAMIN ONG  |  FRIDAY, 14 AUG 2015
... second one and a third. But financial markets, instead, stabilized. Here's the chart of the Chinese yuan/US dollar exchange rate that littered the financial presses carefully designed to scare the beejeesus out of you, I and Irene. Note that we're supposed ...

PBOC does an SNB

BENJAMIN ONG  |  THURSDAY, 13 AUG 2015
... grand total of 3.5% in two straight days. Still I say, "you call that a devaluation"? The 7.3% fall in the yuan/US$ exchange rate in September 1985, the 13.6% dive in June 1986, the 21.2% plunge in November 1989, the 9.6% decline in October 1990 and ...

Too much ado about a speck

BENJAMIN ONG  |  WEDNESDAY, 12 AUG 2015
... back, let's get down and dirty. The People's Bank of China (PBOC) announced a revaluation of the yuan, lowering its exchange rate versus the US dollar from 6.2097 to 6.3231. The US$ dollar buys 6.3250 this morning. This is good, is it not? China has ...

RBNZ tries to turn the turn in NZ economy

BENJAMIN ONG  |  MONDAY, 27 JUL 2015
... for inflationary pressures." We now learn that the 25 bps hike on that day was the last. We witnessed what a high exchange rate does to growth and inflation. We also now learn the time lag in the transmission mechanism of the RBNZ's monetary policy - ...

CFOs more optimistic in second quarter

DARREN SNYDER  |  THURSDAY, 16 JUL 2015
... feel more optimistic now than they did three months ago. Optimism around the Australian dollar has dipped as the exchange rate has steadied. Deloitte assurance and advisory partner, Stephen Gustafson, said last quarter 30% of CFOs expected the Australian ...