This is expected to release nearly $3 billion in liquidity to the market, according to a statement.Â
Category: FX
‘There’s A Problem Here That Smacks Of Inevitability’: Recession Or No, The Fed Has To Cut Rates Aggressively
If you’re looking for reasons why the market is pricing a full-on easing cycle from the Fed, try this lens.
Kuroda’s Yen Problem Isn’t Going Away No Matter What The Fed Does, Goldman Says
Japan’s is not an enviable position.
Goldman Knows Just What’s Needed To Pull The Rug Out For ‘King Dollar’
So, it falls to the Fed to fight a currency war via competitive easing.Â
US, China Engineer Massive Yuan Rally, Stock Surge, But Fed Outlook Still Cloudy
The cross-asset reaction to the latest tariff news was quite dramatic.
In Argentina: Total Meltdown
“All the pollsters have failed”.
Tail Risks, FX Vol. And Tangled Christmas Lights
But here’s the paradox…
Why China Has Actually Been Trump’s Best Friend In Guarding Against Yuan Depreciation
“…it is not clear to us that the labeling-exercise is consistent with the administration’s own craving for CNY strength”.
Former Chinese Central Bankers Say Currency War Risks Rising, Official Warns Of ‘More Measures’
Meanwhile, the People’s Daily is on offense.
‘Hang On!’ Peter Navarro Will Never Test Sara Eisen On Currency ‘Manipulation’ Again
“Why is that ‘clearly they’re manipulating”?
Meanwhile, In Turkey, Erdogan Purges Central Bank, Gets $1 Billion High Five From China
“Really disappointing”.
Intervention Imminent? Trump Cranks Up Currency War Rhetoric With New Dollar Tweets
We are now squarely in the throes of a global currency war.
China’s Yuan Fixes Through 7 For First Time Since 2008, While July Trade Data Tops Estimates
Paradoxically, this could serve as something of a pressure valve.
After Wall Street’s Biggest Comeback Of 2019, All Eyes Turn To The Chinese Yuan
“Playing with fire”.
Macro Tourist Delivers A 1987 Flashback
“I continue to be concerned about risk assets”.
‘Shocking’ New Zealand Rate Cut Roils Currency Markets
Anyone who doubted RBNZ’s willingness to deliver on Wednesday was disabused of their skepticism.
As PBoC Warns Of ‘Market Chaos’, Here’s What’s Next For Chinese Monetary Policy
This is one incredible juggling act.
Here’s How Far The Yuan Will Have To Fall To Offset Trump’s ‘All-In’ Tariff Scenario
Potentially, there’s a long way to go yet.
It’s All-Out War As Steve Mnuchin’s Treasury Designates China A Currency Manipulator
This is becoming a “sum of all fears” scenario.
Trump Decries ‘Major Violation’ As ‘Excessive’, ‘Abnormal’ FX Moves Presage All-Out Currency War
“With a sense of urgency”…
‘The Meltdown Phase Is Here’, One Bank Warns, After Shock Yuan Plunge
“There is probably more pain to come”.
After The Storm: Full Week Ahead Preview
So much for the summer “lull”.
Why Unilateral Currency Intervention Is A Recipe For Disaster
“A provocation”.
Plunging Stocks, Surging Yen And South Korea Fight Make For Tough Day In Japan
What’s not to “like”?
‘It’s A Very Dangerous Situation’: Rick Santelli And Judy Shelton Are Worried Sick About Our Crazy World
“The effect is like tasing an inert body”.
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