EMerging Equity
exchange rate
Malaysia ETF (EWM) Hits New 52-Week Low
By Zacks Equity Research For investors seeking to know about the painful areas of investing, iShares MSCI Malaysia Index Fund (EWM) is probably on the radar now. The fund just hit a 52-week low, and shares of EWM are down roughly 36.6% from their 52-week high price of $16.32/share. Are more pains in store for this … Continue reading
Vladimir Putin: Meeting With Governor Of The Central Bank Elvira Nabiullina
Vladimir Putin met with Governor of the Central Bank Elvira Nabiullina to discuss the banking sector’s work over the first half of 2015. By The Kremlin Ms Nabiullina also spoke about progress on establishing the national payment system and national rating agency. * * * President of Russia Vladimir Putin: Ms Nabiullina, the Central Bank is doing a lot to strengthen the national currency, or at least, to keep it stable and maintain … Continue reading
China’s Transition To Slower But Better Growth
China is moving to a “new normal” of slower yet safer and more sustainable growth. This involves giving the market a more decisive role in the economy, says the IMF in its annual assessment of the economy. China’s growth is expected to be 6.8 percent in 2015, down from 7.4 percent last year. This slowdown, … Continue reading
Regional Impact Of Renminbi Depreciation: ADB Chief Economist Shang-Jin Wei
The move by People’s Bank of China’s (PBoC) this week to loosen the renminbi (RMB) exchange rate, inducing a depreciation of the RMB against the US dollar by 3.5% in two days, has sparked intense debate among economists, pundits and policymakers. Does the depreciation show the People’s Republic of China (PRC) is moving against or … Continue reading
Russia, China Deepen Stock Exchange Ties
Russia’s largest exchange group the Moscow Exchange (MOEX) and the China Financial Futures Exchange (CFFEX) signed an Memorandum of Understanding (MoU) on Thursday that will help further develop financial ties between the countries. The MoU signed by both exchanges aims to strengthen the bilateral partnership and facilitate the development of both parties through information sharing, reciprocal … Continue reading
China’s Road To Reserve Currency Status: Ten Years Of The Flexible Renminbi
On Thursday July 21, 2005, Australia opened the batting at Lord’s Cricket Ground in London on the way to winning the first Ashes test against England. Currency traders, however, had to tear themselves away from the action after China’s out-of-the-blue announcement that it would replace its decade-old currency peg with a more flexible exchange rate … Continue reading
Why Vietnam Needs To Bring Down Its Currency To Improve Competitiveness
By Chu Nguyen The appreciation of the Vietnamese dong, coupled with characteristics specific to Vietnam’s transitional economy, leaves the State Bank of Vietnam (SBV) with difficult choices in conducting monetary policy. Luckily, the SBV retains adequate fiscal flexibility to respond to this pressure through its exchange rate policy. Vietnam has, for several decades, pegged the dong to … Continue reading
Zimbabwe Phases Out Local Currency At 35 Quadrillion To US$1
Zimbabwe has started retiring its almost worthless local currency in favor of the US dollar. Today, 35 quadrillion Zimbabwean dollars are equal to US $1, as a result of hyperinflation which hit the country in 2009. The demonetization process of the Zimbabwe dollar started on Monday and will run till September 30. People with accounts … Continue reading
China’s Yuan No Longer Undervalued, IMF Says
By Xiao Xun China’s currency is no longer undervalued given its recent appreciation, but the government should pick up the pace in loosening controls on the exchange rate, the International Monetary Fund said. Economists critical of the IMF’s assessment said it did not reflect the real value of the Chinese yuan, and that the IMF was … Continue reading
Flash Crashes And Swiss Francs: Market Liquidity Takes A Holiday
Financial market liquidity can be fleeting. The ability to trade in assets of any size, at any time and to find a ready buyer is not a given. By José Viñals As discussed in some detail last fall in this blog, a number of factors, including the evolving structure of financial markets and some regulations appear to … Continue reading
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