The pound remains unloved across investor groups, with real-money sales of the U.K. currency only just getting started.
Foreign Exchange executives are sweating, not just from the summer heat, but because of the looming deadline of the most far-reaching financial regulation to date – the Markets in Financial Instruments Directive II (MiFID II).
If the HKMA were forced to act, or even chose to act prematurely, the effect would be to push up Hong Kong’s stubbornly low interest rates, marking a dramatic reversal for a city where shares are at a two-year high and housing prices have soared to records.
When it comes to stoking currency trading, nothing beats politics.
Emerging economies face a long-standing risk: At the first sign of trouble, investors—and their money—head for the exits, with serious consequences for the currency, financial markets and growth.
You may think the reflation trade is dead. Actually, it’s simply traveled across the Atlantic.
Steamy Argentine stocks may get even hotter if MSCI upgrades the country to emerging market status next week as expected.
Bloomberg Intelligence Economics forecasts the yuan to depreciate to 7.0 to the dollar by the end of the year, down 1.4 percent from 6.9 in early May.
After clutching to the best gains among global peers, the ruble may have met its match.