Smelling a peg break series – strain on Saudi Arabia
Sep 14, 2015 14:59 pm UTC| Insights & Views
Saudi Arabia is pumping crude at record pace in its bid to protect its market share, especially in Asia, and to push high cost producers out of the oil market. However, its strategy at one hand to pump crude at record...
Czech Koruna peg leads to swell in FX reserve
Sep 08, 2015 14:41 pm UTC| Insights & Views
Latest data released by Czech National Bank (CNB) revealed how intense the pressure has been on the Euro- Czech Koruna peg at 27, which has been in place since 2013. With 4.4% y/y GDP growth, interest rate at 0.05%,...
Renminbi series: Controlled devaluation or peg break?
Aug 24, 2015 05:55 am UTC| Insights & Views
Turmoil in financial markets has now spilled over third week, which began when China chose to devalue its currency using the fix. Fix is the mid-value of Dollar/Yuan, which is set by Peoples bank of China (PBoC) every day...
Lower oil revenue adds pressure on Riyal peg
May 28, 2015 10:36 am UTC| Insights & Views
Saudi Arabian Riyal has been pegged to US Dollar since 2003, officially at 3.75. This year the peg is experiencing pressure and volatility as dwindling oil revenue puts pressure on Saudi coffer. It was during 2008/09...
Fitch: Danish Krone Peg Defence Looks Credible, But Has Risks
Feb 23, 2015 12:15 pm UTC| Research & Analysis
Steps by the Danish authorities to maintain the euro-krone peg reflect a very strong commitment to a fixed exchange rate, and support Fitch Ratings view that the peg will not be abandoned. Defending the peg avoids the...
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