Article Given the ongoing political stalemate in the UK over Brexit, we see yet more dow Article The headwinds facing the US economy are building, as trade tensions intensify an Opinion Believers in a market economy are dismayed by radical voices arguing that capita
By Aby Jose Koilparambil. Aug 14 Reuters - Most Asian currencies strengthened on Wednesday after the United States delayed some additional tariffs on imports from China in a modest easing of trade tensions between the world's top two economies. The year-long tariff war between Washington and Beijing has roiled financial markets and put pressure on many economies, including several in Asia, that count China as their major trade partner.
During the month rupee depreciated by 3. The rupee depreciated by 3. The renminbi slipped 3.
Yuan, won and Australian dollar suffer as investors shelter in the dollar. The yuan fell to 6. The currency selloff is spreading to countries perceived as vulnerable to the trade clash between the world's two largest economies, which escalated with Tuesday's announcement of additional U. Currencies of Asian countries that count China among their main trading partners have come under pressure, including the Indonesian rupiah and the Malaysian ringgit.
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By Niyati Shetty. Aug 1 Reuters - Asian currencies weakened against the dollar on Thursday as the U. Federal Reserve doused market expectations of a lengthy easing cycle after it delivered its first rate cut in over a decade.
I implement two major approaches to identifying the equilibrium exchange rate. First, the concept of purchasing power parity is tested and used to define the equilibrium real exchange rate for the Indonesian rupiah, Korean won, Malaysian ringgit, Philippine peso, Singapore dollar, Taiwanese dollar and the Thai baht. The calculated PPP rates are then used to evaluate whether these seven East Asian currencies were overvalued.
Turkish President Tayyip Erdogan said on Saturday he expected the central bank to keep cutting interest rates, five days before its monetary policy board is due to meet. The Swiss National Bank has ruled out issuing so-called helicopter money - printing cash and handing it out to citizens - to increase inflation and consumer spending, Chairman Thomas Jordan said on Friday. Unregulated British firm Financial. The dollar slipped on Friday against a basket of currencies, holding above a one-week low as a mixed report on the U.
Reuters — Investors turned more bearish on some Asian currencies and trimmed long bets on others over the past two weeks, a Reuters poll showed, as caution prevailed over prospective further dovish approach by key global central banks and their Asian counterparts. The fortnightly poll of 13 participants was closed before the U. Federal Reserve rate-cut decision on Wednesday.