Emerging Economies

Currencies 2018: Who are the Gainers and the Losers YTD?

Currencies 2018: Who are the Gainers and the Losers YTD? 1200 595 AltReturns

La versione italiana è disponibile dopo quella in inglese. ENGLISH VERSION 2018 has been a though year for emerging markets, as witnessed by the performances of their respective currencies. The worst one has been Turkish lira that, because of the internal political turmoil, had lost 41.2% YTD against the US Dollar and 34.2% YTD against…

Brazilian Real Boosted by Bolsonaro Win

Brazilian Real Boosted by Bolsonaro Win 1200 800 AltReturns

Jair Bolsonaro swept to power in Brazil’s presidential election Sunday, marking a hard pivot to the right that promises to open up the resource-rich economy to private investment, strengthen ties to the U.S. and unleash an aggressive crackdown on epidemic crime. The former army captain trounced Fernando Haddad, a leftist former Sao Paulo mayor whose…

Hong Kong Intervenes

Hong Kong Intervenes to Defend Peg Against the US Dollar

Hong Kong Intervenes to Defend Peg Against the US Dollar 1200 807 AltReturns

This article on Hong Kong dollar has been written by Fion Li & Emma Dai and published on Bloomberg on the 26th of August Hong Kong Intervenes again… Hong Kong intervened again to defend its currency peg as the greenback rallied after U.S.-China trade talks yielded no progress. The Hong Kong Monetary Authority bought HK$1.77 billion ($225 million)…

Emerging Markets Currencies Rout: Is It Over Yet?

Emerging Markets Currencies Rout: Is It Over Yet? 2000 1365 AltReturns

This article on emerging markets currencies has been written by Kathy Jones and published on Schwab.com on the 23rd of August 2018. When the easy money ends So far, 2018 has been a tough year for emerging markets. EM bonds and currencies have posted steep losses year to date. The most recent bout of weakness was…

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Rupee in a Free Fall, Hits Fresh All-Time Low of 70.32 Level Against Dollar

Rupee in a Free Fall, Hits Fresh All-Time Low of 70.32 Level Against Dollar 1200 797 AltReturns

This article on India Rupee has been written by Aseem Thapliyal and published on Business Today on the 15th of August 2018. The rupee fell to a fresh record low in opening trade today with investor sentiment affected by a widening trade deficit on the domestic front and the broad rise in the US dollar compared to…

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