Just when you though it was safe to invest in an asset that made sense, be it forex, bonds or stocks, fear and contagion has suddenly appeared, and in under 48-hours has severely bullied emerging markets into near submission with the Turkish lira falling nearly +45% against the dollar. Here’s why.
The last article in our blog series on what businesses need to know about key global currencies in the second half of 2018 covers emerging markets. Read on as we look at commodity prices, interest rate policies, and the economic growth of emerging markets and what businesses can expect in the upcoming months.
The U.S. dollar fell after the nonfarm payroll came in below expectations, but the greenback is still higher against most majors on a weekly basis. The past week featured central banks and influential economic indicators, but the guiding factor remains the trade tensions between China and the United States.
Here’s your week ahead.
Different roles within a company use different data sets to succeed at their job. Treasury and Risk Management departments, in particular, will utilize a specific set of data, forward rates, to make informed market decisions on behalf of the company. We describe what forward rates are, how they’re used, and which rate source you can trust.
This week starts with equities under pressure as capital markets digest warnings from G20 finance ministers about the impact of protectionism on growth. Also raising concerns is the Sino-U.S. trade war now spilling over into currency markets with President Trump rhetoric supporting a preference for lower U.S. dollar interest rates and a weaker currency.
The USD fell against major pairs on Friday after U.S. President Donald Trump tweeted that China and the E.U. manipulate their currency. Trade war escalation has reached a second phase at a time when American politics are having an identity crisis with the ongoing Russian interference during the 2016 elections. Here’s your FX week ahead.
This is the third article in our blog series on what businesses need to know about key global currencies in the second half of 2018. In this article, we'll cover economic and political events that present both advantages and obstacles for the Euro, as well as what businesses can expect of the European currency in the 2nd half of 2018.