Archive for: September, 2018

Post date: 24/09/2018 08:00 A broad-based rally of risk assets in general last week slammed safe haven currencies in general and the dollar in particular. Sharp rebounds in emerging market currencies and the most battered G10 ones meant the dollar underperformed every major peer except for the Japanese Yen. However, Sterling failed to benefit from…

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Post date: 17/09/2018 10:00 Emerging market currencies finally enjoyed a strong bounce back last week. They were led by the Turkish Lira, which soared higher after its central bank hiked rates by nearly 5% to 24%, in an apparent return to sane monetary policy. This brought the Lira to outperform every other major world currency…

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Post date: 03/09/2018 08:00 Contagion fears again ruled currency markets last week. The Turkish Lira headed down again as Turkish markets reopened after a long holiday. By the middle of the week, the Argentine peso crashed after the country asked the IMF to accelerate the disbursement of the aid package. Latin American currencies particular bore…

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