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After several years of extremely loose monetary policy, the U.S. Federal Reserve intends to start tightening, for clear reasons, markets will remain focused on the crucial event, which is set to have a major impact on almost all asset classes. Economic data releases will provide clues to the robustness of economies- some of which are vulnerable to investment outflows as higher rates make U.S. assets more attractive. Emerging economies are already struggling to support currencies hit by Fed rate hike expectations and will lead to intensified currency wars further. In this exclusive series we will provide insightful analysis and views on central banks decisions, emerging markets currencies, Fed's tools for managing monetary cycle, investment outflows, including direct government intervention, the imposition of capital controls, and, indirectly, quantitative easing.

Currency War Series

Brexit: UK pound has not crashed yet, but here's why it will probably suffer in years to come

Jan 14, 2021 04:56 am UTC| Investing

The Brexit deal has failed to have any major effect on the exchange rate of the pound since January 1. The pound has held steady against the US dollar at US$1.36 and has strengthened slightly against the euro to 1.12. This...

Currency War Series

Korean Won Weakens Sharply Due to Speculations About Kim Jong Un's Health

Apr 22, 2020 10:40 am UTC| Economy

The Korean won had fallen to a low of 1,241.15 against the US dollar Tuesday following unconfirmed reports that North Korean leader Kim Jong Un is gravely ill. The Korean won last fell to 1,229.59 per dollar. CNN...

Currency War Series

Currency manipulation and why Trump is picking on Brazil and Argentina

Dec 04, 2019 11:24 am UTC| Insights & Views Economy

President Donald Trump slapped new tariffs on Brazil and Argentina after accusing them of manipulating their currencies to boost exports. It wasnt the first time Trump has labeled another country a currency manipulator...

Currency War Series

Turkey’s homemade currency crisis has truly global implications

Aug 16, 2018 19:57 pm UTC| Insights & Views

Turkeys recently reelected president, Recep Tayyip Erdoğan, is blaming the sudden and dramatic decline of the Turkish lira on an international conspiracy, variously railing against an economic war and a currency plot. On...

Currency War Series

Brazilian central bank likely to cut key rate by 100 bps, says Commerzbank

Apr 12, 2017 07:02 am UTC| Commentary Central Banks Economy

The Brazilian central bank is expected to cut its key rate by an impressive 100 basis points tonight; that is certainly what a poll amongst analysts would suggest. Some are even expecting 125bp. The development of the rate...

Currency War Series

Northeast Asian nations undertake efforts to avoid being named 'currency manipulator', says Scotiabank

Feb 13, 2017 06:02 am UTC| Commentary

China, Japan and Korea and another three major trading partners of the U.S. were placed on the Monitoring List in the semi-annual report on International Economic and Exchange Rate Policies released by U.S. Treasury...

Currency War Series

Brazilian central bank slashes interest rate, citing Trump-related global uncertainties

Dec 01, 2016 06:07 am UTC| Commentary Central Banks Economy

The central bank of Brazil has slashed interest rates in the monetary policy meeting held Wednesday, as was widely expected by market participants, citing US President-elect Trump-related global uncertainties that are...

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Economy

Delhi Capitals' Rishabh Pant inks NFT deal with Rario

Delhi Capitals captain and wicketkeeper Rishabh Pant signed a lucrative deal with cricket NFT platform Rario. The deal will allow Rario to mint exclusive digital collectibles of Pants iconic moments on and off the...

Popeyes, Megan Thee Stallion partner to release new ‘Hottie Sauce’ and limited-edition merchandise

Popeyes Louisiana Kitchen, the American fast-food chain that is famous for its fried chicken and biscuits, has teamed up with Megan Thee Stallion, an American rapper, to release its new Hottie Sauce on Oct....

Facebook announces plans to recruit 10,000 employees in the EU for its ‘metaverse’ vision

Facebook will be recruiting new workers in the European Union as it is planning to open 10,000 job posts in the said territory. The massive hiring would be carried out in the span of five years starting next year. It...

Starbucks Korea is hiring 1,600 new employees before the year ends

Starbucks Korea has recently faced issues after some of its employees staged a protest due to poor working conditions. They mainly mentioned being overworked and underpaid, but it seems that things have already been...

Netflix reportedly terminated the employee who leaked details on Dave Chappelle’s ‘The Closer’ special

Netflix was said to have fired one of its staff who leaked confidential information about Dave Chappelles The Closer special. The American streaming giant said that the information that was divulged are sensitive details...

Politics

Joe Biden adds on to pressure on Steve Bannon to cooperate on Jan 6 probe, claims analyst

US President Joe Biden has recently weighed in on the ongoing probe by the House Committee investigating the Capitol riots of January 6. With his latest comments regarding former Donald Trump strategist Steve Bannon, he...

Bill Clinton discharged from hospital after treatment from non-COVID infection

Former US President Bill Clinton experienced another health scare last week due to an infection unrelated to COVID-19. After five days of hospitalization, the former president was finally discharged from the...

South China Sea: China's four-part plot to invade Taiwan includes airstrikes on US troops

Relations between China and Taiwan have not been at its best as of late, as China grows increasingly aggressive over the island nation in its plans for reunification. As tensions escalate in the South China Sea, a report...

Afghanistan: Taliban pledges to ramp up security in Shi'ite mosques following IS attack

As the Taliban has now taken control of Afghanistan for over a month, the insurgent group is now faced with the challenge of national security, especially with the recent terrorist attacks. The Taliban has now pledged to...

Science

S. Korean researchers develop process that uses agri-waste to produce biofuels, plastics

The Korea Institute of Energy Research (KIER) had developed an enzymatic process that uses agricultural waste to produce the 4-hydroxy valeric acid--an ingredient for biofuels and plastics. The KIERs enzymatic process...

France probes Nestlé, 100 other firms over bisphenol-A use

The French government is investigating 101 companies, including Nestlé, for not disclosing their use of bisphenol-A in food packaging. In its statement of objections, Frances competition authority accused the 101...

Kansai found to have more genetically predisposed coffee lovers than elsewhere in Japan

Tokyo-based genome data analysis firm Euglena found that those with rs671 genotypes of ALDH2 are more predisposed to liking coffee and more prevalent in people from the Kansai area than other parts of Japan. Euglena...

S. Korean researchers develop eco-friendly fertilizer tech using greenhouse gases

A Kyung Hee University research team had developed a new eco-friendly technology that can turn methanol generated in livestock and agricultural areas into a hormone that promotes plant growth and rooting. The technology...

S. Korean researchers to limit carbon emissions during battery manufacturing

The Korea Institute of Energy Research (KIER) will invest 11.4 billion won in developing a solvent-free process that does not emit carbon dioxide in electrode manufacturing for lithium-ion batteries. The process...

Technology

‘Elden Ring’ leak reportedly reveals Xbox One gameplay

Fans of FromSoftware waited a long time for a new trailer of Elden Ring, and their wish came true last summer. Since then, however, the developer has yet to release new teasers. But leaked footage allegedly showing the...

Samsung Galaxy S22 phones could feature wider displays

Samsung is still a few months away from unveiling the Galaxy S22 series and that means details about the design and technical specifications will start appearing online. The latest report suggests that the changes in the...

‘Rainbow Six Extraction’ could be released on January 20 next year

Rainbow Six Extraction has not only gone through a change of name, but Ubisoft also moved its launch from 2021 to next year. Now, the developer appears to have quietly announced a specific release date for the much-awaited...

‘GTA: The Trilogy’ remastered PC system requirements leak online

Rockstar Games left many details in the dark when it announced GTA: The Trilogy The Definitive Edition. But the rumor mill is not holding back on the information, and the latest leak may have revealed the full PC system...

‘Bloodborne’ PC port, PS5 remaster, and sequel are reportedly underway

More known leakers are reporting that Bluepoint is working on several Bloodborne projects. A much-awaited sequel is said to be in the works, along with a PC port and a remaster for the original game. New Bloodborne...
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