Forex and the Economy

In the line of fire: lessons from a California architect on rebuilding resiliently

Tony Salas | Flickr In my home state of California in the United States, major drought-fueled wildfires tore across the state in the latter half of 2017 setting records for both the state’s deadliest fire, as well as the largest fire. Wildfire season is back in 2018 with the most destructive year ...

Bahamas’ Currency Turns To Crypto To Benefit Its Citizens And Stimulate The Economy - Wilton Thornburg (15/08/2018)

August 15, 2018 Bahamas’ currency intends to expand into digital money. The Commonwealth of the Bahamas established the Bahamian dollar (BSD) as legal tender in 1966, replacing the British Pound Sterling (GPB). The Bahamian dollar pegs to the U.S. dollar (USD) on a one-to-one basis. The Central B ...

Can Russia stomach new US sanctions?

After the summer break, the US Congress is scheduled to review various bills proposing additional sanctions on Russia. The proposals include additional restrictions on Russian imports and exports to the US, as well as on activities of Russian banks in the country. Under consideration there will als ...

USD/CAD Canadian Dollar Rises as Risk Appetite Returns to Market

The Canadian dollar appreciated on Tuesday as the Turkish lira stabilized following a pledge from the Finance Minister to support the currency. Risk aversion fears had driven investors to seek the safety of the US dollar, but as lira concerns eases emerging markets took a breather. The market had a ...

Turkish Lira Rebounds as Finance Minster Vows to Support Currency

The Turkish lira recovered some of its losses on Tuesday, with the country’s finance minister pledging to take steps to support the under-pressure currency. There was some respite for the lira after days of heavy losses. The currency rose 5% to about 6.5 to the dollar on Tuesday afternoon, after ...

Monetary Consequence of Tariffs - Keith Weiner (14/08/2018)

14 August, 2018 Last week in Monetary Paradigm Reset , we talked about the challenge of explaining a new paradigm. We said: “The hard part of accepting this paradigm shift, was that people had to rethink their entire view of cosmology, theology, and philosophy. In the best case, people take t ...

Stocks Recover as Turkish Lira Woes Take a Pause

World share markets rebounded on Tuesday as Turkey’s lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China’s giant economy. After three weeks of heavy pounding, the lira got some respite as signs Turkish authorities were trying to add ...

Turkey bashing takes a break for now

Tuesday August 14: Five things the markets are talking about Tuesday sees a tentative reprieve for global equities in the wake of Turkey’s induced turmoil and the forex market has managed to stabilize a tad, aided by reports this morning that the Turkish Finance Ministry has scheduled an investor ...

How vulnerable are Emerging Markets to Trade Wars?

Emerging Markets Portfolio Manager Claudia Calich analyses the potential effects of an escalation of the US-China trade tensions on Emerging Markets. Despite the diplomatic rows and all the column inches written, Claudia discusses how popular products such as French wine and cheese will always find ...

Euro rebounds as markets find relative calm

After the Monday Mayhem from the Turkey contagion, a sense of calm descended on FX markets during today’s Asian session. USD/TRY headed lower from its record high yesterday as the markets digested the impact and effectiveness of the central bank’s measures announced yesterday. Selling of emergi ...