Insights

 

FX Outlook; Asia
February 01, 2011 Posted by
China's effort to create an offshore international market for its currency in Hong Kong has generated huge excitement. Since China liberalized trade settlement and investment rules last July, large amount of CNH (CNY that are freely traded in Hong Kong) has accumulated in Hong Kong's banking system.
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FX Outlook
December 08, 2010 Posted by
Last week started with the euro (EUR) plunging to 2½-month lows against the USD amid concern that the Irish bailout was not big enough and contagion fears to other euro zone members. The single currency reversed course to rally in the latter part of the week as the European Central Bank (ECB) announced it would continue to provide liquidity to the system into Q1 2011.
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FX Outlook; Asia
October 19, 2010 Posted by
In light of China's status as the world's largest exporter with the largest trade surplus, undervaluation of the CNY has been criticized by other nations in the latest IMF and G7 meetings. This issue has dragged on for years, but has become increasingly sensitive lately in the face of lingering high unemployment in the U.S. and Europe amid the slow recovery from the recession.
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FX Outlook
August 31, 2010 Posted by
Fed Chairman Bernanke laid his remaining policy cards on the table last Friday from Jackson Hole, Wyoming at the Kansas City Fed central bank meeting.
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FX Outlook; Asia
July 06, 2010 Posted by
On June 19, the People's Bank of China (PBOC) vowed to increase the Chinese CNY's flexibility and abandoned a 23-month-old peg to the USD. Chinese authorities had prevented the currency from strengthening, with the CNY essentially pegged to the USD since July 2008 to help exporters cope with sliding demand triggered by the global financial crisis.
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FX Outlook
May 26, 2010 Posted by
The euro finally rebounded last week after five weeks of consecutive losses. The currency gained after German lawmakers approved their country's contribution to a $750 billion bailout package, temporarily easing the concern of a Greek default.
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FX Outlook
April 06, 2010 Posted by
While the USD has appreciated broadly against the major currencies during Q1 2010, it has failed to appreciate against the JPY, and USD/JPY has been relatively stable.
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FX Outlook
February 16, 2010 Posted by
The Australian dollar (AUD) and the Canadian dollar (CAD) have a lot in common. They are both backed by economies that are reliant on commodity exports. For investors looking to hedge or speculate on commodities via foreign exchange, they both provide ample liquidity as the world's sixth and seventh most traded currencies.
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