currency risk

Currency Risk That Isn’t About Exchange Values (Eurodollar University)

By Jeffrey P. Snider|2017-08-28T17:28:03-04:00August 28th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

This week the Bureau of Economic Analysis will release updated estimates for Q2 GDP as well as Personal Consumption Expenditures (PCE) and Personal Incomes for July. Accompanying those latter two accounts is the currently preferred inflation standard for the US economy. The PCE Deflator finally hit 2% and in two consecutive months, after revisions, earlier this year. The inability of [...]

Still In So Many Ways 2014

What was it that touched off CNY’s devaluation in the first place? When it started, “unexpectedly” of course, it was described as intentional policy designed to thwart speculators betting too heavily on the currency’s continued rise. But the first major move in the chess game between the PBOC and “whatever” it is driving the currency was to widen the daily [...]

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