FAST FINANCELast week, volatility rose again when on Friday, US Federal Reserve chairwoman Janet Yellen reiterated that rates would likely rise before the end of 2015 despite its earlier delay on emerging market growth concerns. While developed markets are seeing some slowing growth as a result of Chinese economic worries ...
Tag: external contributors
September 28, 2015Blake Goud
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 FINANCEContinued dives in major emerging market currencies including the Ringgit, Lira and Real continues. Of these three, all had investment grade ratings before Brazil’s was cut by Standard & Poor’s from BBB- to BB+. The first move on Brazil’s sovereign ratings could be indicative of cuts to other ...
September 13, 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
FAST FINANCE Emerging markets are selling off in historic ways as a basket of emerging market currencies hits lows not seen since before the commodities supercycle began at the start of the millennium. Besides emerging market currency values, also sliding are foreign exchange reserves held by emerging markets, commodities ...
July 27, 2015Blake Goud
Emad Mostaque, Strategist, EcstratThe last few years of negotiation following the freezing of Iran from the global system in 2012, co-ordinated with several regional allies to try to prevent the inexorable shift in the regional balance of power and baking of the Shia croissant, has shown that Iran is indeed ...
July 15, 2015Blake Goud