Silver lining for emerging FX: little room to fall more

September 4, 2015


If there is any silver lining for emerging market currencies after their thrashing in August, it is that they are probably now so cheap they don’t have much room to weaken any further.

Fed delay could do more harm than good to global currencies

September 3, 2015

Worker adjusts elements on the clock face of the city administration building during the clock's restoration in KrasnoyarskAfter so much ado about an interest rate increase in the United States, strategists say the U.S. central bank should stop hesitating and finally turn the page on its monetary policy.

On non-farm payrolls day, pay attention to pay

September 2, 2015

A pedestrian passes a pawnbroker offering 'payday advances' in Crawley, southern EnglandA lot is riding on the August U.S. jobs report – a good chunk of justification for the first Federal Reserve interest rate rise in nearly a decade and a lot of face-saving at the world’s most powerful central bank.

Tale of two ISMs: another reason for the Fed to pause?

September 1, 2015

Depending on which report you read from the same source, the U.S. economy is doing extremely well and also in danger of slowing sharply.

Weak growth may force India’s central bank to reconsider inflation focus

September 1, 2015

Reserve Bank of India Governor Raghuram Rajan speaks to The Economic Club of New York, in midtown ManhattanFor all its single-minded focus on lowering inflation, India’s central bank may be forced to acknowledge slowing growth in Asia’s third largest economy by cutting interest rates — probably faster than it expected.

Million pound London flat lands on affordable housing list

August 27, 2015

A sign is seen outside some newly built apartments in Berkhampstead, southern EnglandFor most people a home worth over a million pounds ($1.6 million) is nowhere near affordable but that is just how one London flat has been tagged by a housing association in Britain’s capital.

Grass getting flattened by fighting FX elephants

August 27, 2015

Young male elephants lock tusks in battle on the plains at the foot of Mount Kilimanjaro in Amboseli national park, southern KenyaThe ongoing race to the bottom for currencies this year is hurtling towards a zero-sum result.

Second Fed rate hike delay this year slowly getting more official

August 27, 2015

RTX1GYLG.jpgFinancial markets have all but shut the door to a Federal Reserve rate hike in September, following a rout in stocks, currencies and commodities this past week, but economy watchers are only now warming up to the idea — in public at least.

Fed on horns of not-so-bullish dilemma: markets or economy?

August 25, 2015

The Federal Reserve increasingly looks stuck on the horns of a not-so-bullish dilemma: should it pay attention to global developments in financial markets, which argue for pause, or should it focus squarely on U.S. economic data, which suggest the time is nigh to hike?

South Africa’s Q2 GDP growth punches way below expectations in worrying sign for emerging markets

August 25, 2015

South Africa’s second quarter growth undershot economists’ expectations in spectacular fashion on Tuesday, a clear signal emerging markets face torrid times.