Fast FinanceThe US Federal Reserve will not raise interest rates, at least yet. Following the Fed’s announcement on Thursday, the dollar fell against many currencies (including MENASEA regional currencies that have been hammered as of late). To the extent that the Fed’s concern for Emerging Market turmoil allows it to ...
September 20, 2015Blake Goud
FAST FINANCE The surprise announcement that China would allow the renimbi to depreciate by 4.4%, thrust currencies into the spotlight. The term ‘currency war’ is back since it was popularized in 2010 by Brazil’s former finance minister Guido Mantega. Now, the competitive devaluations are spreading across the MENASEA region raising the ...
August 23, 2015Blake Goud
Fast Finance Last week marked the end of Renminbi’s twenty-one year old peg with the US dollar as Chinese Yuan fell by 4.4 percent. This move came at the back of weakened Chinese economy due to a drop in industrial production as well as a slackened demand for consumer products. Emerging ...
August 17, 2015Blake Goud