Turkey Is Burning Its Dollar Lifeboats
For years, emerging markets accumulated US Treasuries as a form of financial insurance. They were supposed to be the ultimate reserve asset: liquid, stable, universally...
Tag: FX
The Day Emerging Markets Became the Safe Haven
History enjoys irony. For decades, emerging-market currencies were the trembling limbs of global finance — volatile, fragile, forever hostage to dollar surges and capital flight....
China’s Gold Play: How Bullion Helps Beijing Needle Trump—and the Dollar
The blistering rally in gold is nudging China a little closer to its long-stated ambition: a world less tethered to US-centred finance.Beijing has been stockpiling...
Divergence in monetary policy ahead
As national factors take precedence over global trends, divergences emerge among the monetary policies of major economies. Pioneering inflation targeting in the early 1990s, New...
The dollar weighs on Asian economies
Chinese and Japanese authorities are intensifying their efforts to defend their currencies against the rising dollar, threatening to exacerbate inflationary pressures. On Wednesday, Japan issued...
Yuan normalization
The fall of the Chinese currency, nearly 6% over the last quarter, is similar to the performance of the other major Asian currencies: the yen,...
Une nouvelle guerre des devises ?
Les banquiers centraux désespérés pour maîtriser la marche incessante de l’inflation ont commencé à envoyer des signaux qu’ils accueilleraient non sans déplaisir une monnaie plus...