EMerging Equity
exchange rate
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
How Greece’s Euro Stalemate Is Hurting Currency Markets
The drawn-out negotiations between Greece and its European creditors have the financial markets in turmoil at the idea of a Greek exit. The uncertainty brought about by the new Syriza government can be seen in the effect it has had on currency. The euro has depreciated sharply against most major currencies in recent months, including … Continue reading
How Can Egypt Achieve Economic Stability And Better Living Standards Together?
Egypt currently faces what may seem to be conflicting objectives. On the one hand, there’s an urgent need to restore economic stability—by achieving lower budget deficits, public debt and inflation, and adequate foreign exchange reserves. At the same time, there’s a long-standing need to achieve better standards of living—with more jobs, less poverty, and better … Continue reading
Chinese Currency Devaluation Prospective Grossly Exaggerated
The Chinese currency volatility does not mean the yuan will be hit by the depreciation trend. By Sputnik News Although the Chinese yuan has been falling against the US dollar since the beginning of this week, concerns over the currency fluctuation are grossly exaggerated according to China’s experts As the yuan continued its slide against the US dollar nearly reaching the … Continue reading
Disinflation In EU Countries Outside The Eurozone – IMF
By Plamen Iossifov and Jiri Podpiera Inflation has been falling sharply across Europe since 2012 (see Charts 1 and 2). Across Central and Eastern Europe (CEE), inflation expectations have also drifted down especially among countries who peg their currencies to the euro (Bulgaria, Croatia and Lithuania, which adopted the euro on January 1, 2015), but also … Continue reading
S&P Downgrade ‘Groundlessly Pessimistic’ – Russian Finance Minister
The downgrade of Russia’s credit rating by S&P is unreasonable, as the agency didn’t consider the country’s anti-crisis plan, and the strong economy with its large reserves and extremely low public debt, said Russian Finance Minister Anton Siluanov. Siluanov says he does not think the move will lead to a sharp decline in the share … Continue reading
S&P Downgrades Russia Credit Rating To Junk
Standard & Poor’s has cut Russia’s credit rating to junk level, putting it below investment grade for the first time in a decade. The international ratings agency announced on January 26 it had lowered its rating for Russian government debt to BB+ from BBB-. It added a negative outlook on the rating, saying, “The downgrade … Continue reading
Falling Ruble Can Change Power In Several Former Soviet Republics
As many as 70 percent of guest workers have returned to their home countries from Russia after the drop of the ruble exchange rate. Vadim Gorshenin, Chairman of the Board of Directors of the Pravda.Ru Media Holding, dwells on positive and negative aspects of the guest workers’ exodus. Is it good or bad for Russia? … Continue reading
Goldman Sachs, Hedge Funds Caught On Wrong Side of Swiss Franc Trade
When a central bank move surprises the elite stratosphere and top level banking executives are caught flatfooted, that in itself is news. Goldman Sachs shocked with SNB’s decision Such is apparently the case as the Goldman Sachs Group Inc (NYSE:GS) , whose alumni sit in top economic perches around the world, as the investment bank was … Continue reading
Ruble Is Now Truly Floating
By BNE IntelliNews During the worst of the ruble’s plunge in recent weeks traders were completely wrong-footed: they expected the Central Bank of Russia (CBR) to step in and defend the national currency’s value, but it did nothing. “Where is the CBR?” lamented Tim Ash, head of emerging markets research at Standard Bank, as the ruble fell … Continue reading
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