EMerging Equity
EM FX
Asian Currencies Suffered Their Worst Quarter Since The Global Financial Crisis
Asian currencies have just suffered their worst quarterly performance since the height of the global financial crisis in 2008. Amid market turmoil, Asian currencies were slammed in the third quarter, driven by a slowdown in economic growth from China — including devaluations of its yuan, falling oil prices and commodity prices, and concerns as the U.S. Federal Reserve moved closer to a hike in its near-zero interest … Continue reading
Indonesia’s Currency Tumbles For 10th Straight Week Following Fed, Worst In 15 Years
As the U.S. Federal Reserve kept interest rates on hold following the FOMC decision on Thursday, uncertainty on this decision had thus driven Indonesia’s currency into a 10th week of declines, which is its longest losing streak since 2000. U.S. Fed Chief Janet Yellen said that most policy makers want to hike interest rates this year, however … Continue reading
Venezuela: Risks Of Default And Social Unrest Grow Amid Hyperinflation
In Venezuela, things are going from bad to worse amid a tumble in the price of global oil, a plunge in the nation’s currency, consumer goods shortages, and hyperinflation combined with a social and political upheaval which could undermine the country’s willingness or ability to pay its external debt, Jefferies warns. Venezuela relies heavily on oil, as it accounts for … Continue reading
Two Unknowns: The Fed’s Action, And The Market’s Reaction
By Alex Christensen The Fed’s Thursday policy decision is clouded by data that justifies both hawkish and dovish stances, leaving uncertainty over whether rates will rise this month. Either way, the response from markets may be more muted than you would think. This week’s Federal Open Market Committee (FOMC) meeting will no doubt be the … Continue reading
Will The Fed Have To Save Emerging Markets With QE4?
By Charles Hugh Smith The risk-off tide is rising, and sand castles of QE will only hold the tide back for a brief period of apparent calm. A funny thing happened on the way to permanently expanding global markets: unintended consequences. Borrowing cheap, abundant U.S. dollars seemed like a good idea when the dollar was declining, … Continue reading
Chinese Authorities: Stock Market Bubble Has “Burst”, Economy To Face Tough Conditions Over Next Decade
China’s stock market bubble has “burst” and its economy is likely to face “tough conditions” over the next decade, Chinese authorities were reported to say during the Group of 20 nations (G20) meeting in the Turkish capital of Ankara over the weekend, the Nikkei Asian Review reports. Zhou Xiaochuan, the Governor of China’s Central Bank, the People’s Bank … Continue reading
The Petrostate Hex: How Plunging Oil Prices Affect Currencies
By Jeff Desjardins, Visual Capitalist Every day, the world consumes 93 million barrels of oil, which is worth $4.2 billion. Oil is one of the world’s most basic necessities. At least for now, all modern countries rely on oil and its derivatives as the backbone of their economies. However, the price of oil can have significant swings. … Continue reading
The Fed And Spillover Effects For Emerging Markets
By Jiaqian Chen, Tommaso Mancini-Griffoli, and Ratna Sahay The Federal Reserve’s recent unconventional monetary policies seem to have affected emerging markets more than traditional policies. When the United States sneezes, the saying goes, the rest of the world catches a cold. This adage is not mere folklore. The recent global financial crisis drove home the importance … Continue reading
How China’s Currency Policies Will Change The World
By Stratfor Global Intelligence The recent fluctuations in China’s currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated … Continue reading
The Emerging Market Rout: How Much Further Can EM Currencies Weaken?
By Andrés Velasco With the currencies of Malaysia, Indonesia, South Africa, Turkey, Brazil, Colombia, Chile, and Mexico hitting record lows recently, currency traders around the world are asking: How much further can emerging-market currencies weaken? The standard approach to answering this question takes a relatively normal base year and measures how much a country’s currency … Continue reading
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