“But in the frantic QE-inspired hunt for yield, nobody cared.”
Category: FX
Hello, Yuan Bears? China Will Be Squeezing You Now. Have A Nice Day.
“…the three channels of downward pressure on the RMB are now restricted.”
Blood In The Water: Here’s Why The Emerging Market Rout Is Dangerous
Wednesday is a disconcerting day for emerging markets.Â
After Second Worst Week In A Quarter Century, Turkey Engineers Lira Bounce With Swaps Crackdown
It’s probably fair to say that everyone’s TRY forecasts are “under review”.
To Spillover Or Not To Spillover, That’s The Question
“Spillover”, “contagion”, “transmission”, etc. etc.
‘Perhaps – Finally – Realistic’: Five Years Later, One Man’s Carry Trade Prophecy Comes True
Bad things come to those who wait.
Argentina Races Thunderstorm With Monday Panic Hike
“They had to do something”.
Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop
Turkey’s woes are not any semblance of “contained”.
Turkish Delight: Full Week Ahead Preview
Pray for Turkey.
‘I Dare You’: Erdogan Sets Stage For Outright Collapse In Turkey With Sunday Speech
“We see the game you are playing; we dare you.”
Don’t Forget About Russia
Lost in the shuffle, but not for long.
As Turkish Banks Struggle To Meet FX Demand, Emergency Meeting Scheduled For Saturday
Get ready for capital controls.
End Game: Lira Collapses Raising Specter Of Capital Controls, IMF Bailout
After weeks spent teetering on the brink, the Turkish lira collapsed on Friday.
‘All Bets Are Off’ As Washington Plays Russian Sanctions Roulette
“[The] government and the central bank are monitoring the situation.”
China Cautions Banks Against ‘Herd Behavior’, Paving Way For Opaque Yuan Fixing ‘Adjustments’
If you’re looking for clues as to where the yuan goes next, watch the CCAF.
Dog Days: Full Week Ahead Preview
Trade, Japan, Turkey, rubles and so much more.
With Rial In Free Fall, Iran Readies Emergency Measures On Eve Of U.S. Sanctions
But don’t hold your breath for regime change.
China’s Friday Trade Ambush And FX Intervention: Everything You Need To Know
Chess versus checkers.
Dollar Delirium: A Quick Trip Through The Insanity Loop
It’s maddening. It really, really is.
‘This Will Be Difficult To Win’: As Clock Ticks, Trump Confronts Reality Of ‘Proper’ Trade War With China
This isn’t a real estate deal.
Marko Kolanovic Returns, Sees Value, Emerging Market Rally, Says Fed Should ‘Skip A Hike’
“Regardless of whether this materializes, our view is that a slower pace of hiking is the right thing to do.”
‘I Wonder If This Will Come Up?’ Europe Better Hope Trump Hasn’t Been ‘Studying’ Any IMF ‘Documents’ Lately
“I wonder if that will come up in the trade conversations today?”
‘We’re Going To Need More Tweets’: Dollar Steadies After Late Week Plunge, China Unleashes Largest MLF Op Ever
Someone get Jerome Powell on the phone. China’s covert easing is becoming more overt.
Elephant In The Room: Full Week Ahead Preview
Just try to ignore it.
Global Finance Leaders Resigned To Their Fate In Half-Hearted G-20 Communiqué
“…downside risks over the short and medium term have increased.”
‘They Offset The Tariffs Before They Even Happened’: How To Lose A Trade War Before It Even Starts
Expect more dollar tweets.
Death By Trade Tweet: How FX Markets Cope With ‘High-Volume Tariff News’ Days
“Chirp, chirp”: the yuan is crashing.
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