LONDON, Feb 13 (Reuters) – Ukraine’s hryvnia fell towards
last week’s 4-year low versus the dollar and its sovereign bonds
tumbled on Thursday as concerns intensified about the economic
outlook, while higher U.S. Treasury yields weighed on broad
The Nigerian naira tested a two-year low against the dollar
a day after President Goodluck Jonathan sacked four cabinet
members in the latest of a wave of government changes before
elections next year.
LONDON, Feb 11 (Reuters) – The Kazakh tenge lost almost a
fifth of its value on Wednesday after the central bank devalued
it, taking the wind out of the sails of speculators and weighing
on other regional currencies including Ukraine’s hryvnia.
The Nigerian naira hit a two-year low against the dollar as
weakening global commodity demand raised concerns about the
country’s economic outlook and the ability of the central bank
to support the currency in the face of falling reserves.
No worries about speculative attacks in N.Korea (KRW= pegged anyway): NK’s exports rose faster than imports, narrowing trade deficits by 25%
Kim Jong-un is a candidate for deputy (delegate) to the 13th Supreme People’s Assembly
North Korean leader Kim Jong-un will represent Mt. Paektu (Paektusan) Constituency #111 at the country’s general “election” in March
LONDON (Reuters) – Countries such as Hungary, lacking the protection of high interest rates, may take the hit from the next selloff wave in emerging markets now bold rate hikes have made the likes of Turkey too costly to bet against.
Calm appeared to have returned to emerging markets over the past week after concerns about a slowing Chinese economy and a U.S. stimulus wind-down sent fast money investors fleeing and whipped up near-panic selling of currencies.