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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

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...

Currency War Series

Banxico plans to fight Trump effects with higher interest rate

Nov 16, 2016 09:17 am UTC| Commentary Economy Central Banks

Banco de México, popularly known as Banxico will announce interest rate decision tomorrow at 19:00 GMT and it is expected that the central bank will increase interest rate sharply to fight of the recent effects of a...

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Economy

US investment banks take funding intended for small businesses

Investment banks advising on corporate dealmaking received tens of millions of dollars from the $660 billion Paycheck Protection Program (PPP), which were earmarked to assist small businesses in the pandemic-induced...

Canada urged to focus on boosting economy than managing debt

Analysts say Canada should focus on implementing measures to boost economic growth and incentives to get people back to work instead of managing its budget deficit. Due to the countrys growing debt, Fitch downgraded...

EU warns of decisive action against US over trade disputes

The EU is threatening to take decisive action against the US over its unwillingness to settle the issue of aircraft subsidies and its plan to conduct new investigations in trade deficits. The aircraft trade dispute...

S. Korea posts record-high forex reserves of $410.75-B

South Koreas foreign exchange reserves reached a record high of $410.75 billion in June, having gained $3.44 billion from May due to profits and investment returns from overseas assets and a weak dollar. The June...

International banks sue Argentine soy crusher for diverting funds

International creditor banks are suing Argentine soy crusher Vicentin of diverting hundreds of millions of dollars and have asked a US court to subpoena records as part of a lawsuit, including wire transfers and bank...

Politics

Joe Biden: Former VP assembles aides for Pennsylvania campaign

The Biden campaign is zeroing in on the swing states for the upcoming elections in November. This time, the former vice president has taken on several aides to lead the charge in his campaign in Pennsylvania. The Hill...

Melania Trump: Former aide to FLOTUS to write a tell-all book

There have been quite a few books written about first lady Melania Trump, the latest being by Washington Post reporter Mary Jordan called The Art of Her Deal. Now, another book is being written about the first lady, but...

Donald Trump: POTUS says waving of the Confederate flag is "freedom of speech"

100% uniqueness President Donald Trump has recently ripped into NASCAR for its decision to ban the Confederate flag in its events following the changes sparked by the death of George Floyd to put an end to the...

Melania Trump’s Independence Day dress makes headlines, prompts fact-check reports

United States First Lady Melania Trump has received both applause and criticisms for her fashion choices over the years. However, her eve of Independence Day dress garnered social media attention for quite a unique reason...

Science

Black hole: Scientist addresses the concern that the universe could collapse into a supermassive black hole

There have been many theories suggesting what could happen when the universe has reached its final or ultimate end or at least what would happen once the Sun dies out. One scientist, in particular, weighed in on the...

Archaeologists discover remains of guillotine victims inside a chapel in France

Being executed by guillotine seems like the most gruesome type of execution there is for its bloody nature. Archaeologists have recently uncovered the skeletal remains of around 500 victims of the deadly machine inside the...

NASA: Hubble Space Telescope photographs a supernova remnant

Along with the creation of celestial objects such as stars, destruction is also present in the form of violent supernovas that would follow dying stars. The Hubble Space Telescope was able to capture a remnant from a...

Archaeologists find proof of tooth decay and cavities in 9,000-year-old discoveries

It is clear that many problems that were once prevalent in ancient times are no longer a problem today and vice versa. However, there are some problems that, as archaeologists have found, have been actually been present...

Technology

‘World of Warcraft’ bonus events reward players with passive reputations buffs

World of Warcraft players looking to improve their in-game reputation faster than the normal process will have several chances to do it until next week. All they have to do is join special events, including the Cataclysm...

‘The Sims 5’: Would EA launch it on Nintendo Switch?

EA and Maxis life simulation series has to be one of the most popular video game franchises ever. It is then only natural for fans anticipating the release of The Sims 5 to ask if the next installment would mark the IPs...

‘Kingdom Hearts 4’: What ‘Re:Mind’ tells fans about Sora’s fate and the franchise’s future

The wait for Kingdom Hearts 4 has officially started when players complete the missions and stories in the KH3: Re:Mind DLC released earlier this year. Fans should make sure they explore all the endings included in the...

‘GTA 6’: Is the next game already in development?

This year, the GTA V title will officially become a game that is supported by three generations of consoles from both Sony and Microsoft. Fans may find it exciting or disappointing depending on how much they want to get a...
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