currencies

by Win Thin News service is quoting China government economist saying that the central bank is seen as behind the curve and may need to hike twice more this year.  He added that an alternative would be hikes in commercial bank reserve…

Executive Summary:  We suspect the dollar’s decline against the euro is reaching its final stages.  US interest rates appear to have largely priced in some form of quantitative easing by the Federal Reserve (though headline risk…

I will be on BNN today at 12 Noon ET talking about the G20 amongst other topics, so I wanted to highlight this issue. Here's the text first (with added bolding) and then a few comments: First, G20 countries should commit to undertake…

I didn't make this title up, but it's so clever I wish I had. Andy Xie, the Former Morgan Stanley Asia economist used this as the sub-header in a column in today's Caixin editorial. Xie doesn't buy the G-20 rhetoric that all is fine in the…

Highlights The US dollar continues to trade choppily against the major foreign currencies as corrective pressures encounter the underlying bearish sentiment.   The unexpected rise in the German IFO (107.6 vs consensus 106.5 and…

by Win Thin US Treasury Secretary Geithner broke down the world’s currencies into three groups:  1) currencies that are undervalued “by any measure”, 2) EM countries that have flexible currencies under what could be called a “dirty…

from Win Thin, Global Head Of Emerging Markets Strategy, BBH Philippines central bank said it will use a mix of tools to manage capital inflows, since those inflows can “complicate” monetary policy.  Level of concern appears low, but…

Highlights The US dollar is mixed today and the real feature is the euro’s strength.  Asian central bank reserve diversification and model-driven leveraged accounts appeared to help drive the euro higher.  News that US Treasury…

One of the surprises of the year has been the increased internationalization of the yuan, even though the capital account has not been liberated and the currency remains tightly managed. We were skeptical of the significance of the yuan…

I am an affiliate of INO, a website which is geared to individual investors. I haven't posted much from their site here but I thought their latest video on gold was interesting so I'll say a few words about it. (disclosure: as an affiliate…