Slow trade numbers for China last month caused emerging Asian currencies to fall.
The U.S., Japan, and Europe have hit a fiscal wall.
iShares is launching three unhedged ETFs in Canada.
Emerging markets are getting rid of their euro reserves en masse making the single currency a weaker rival to the dollar. Data released by the IMF reveals developing countries dumped €45bn ($58.8bn) of euros in 2012, reports FT.com. While the U.S. dollar still constitutes the bulk of their foreign currency reserves, the Australian dollar and […]
Countries have long used currencies as a tool to gain competitive advantage and economic muscle. However, in modern-day context, currency devaluation has a greater political subtext where manipulation by a stronger country doesn’t allow it hegemonic control over others, reports The Globe and Mail. The report features an interview with Benn Steil, director, international economics, […]
The Japanese currency got hammered on Monday after the latest round of selloff caused it to tumble against the dollar and euro. The yen’s losses snowballed after the U.S. Treasury reconfirmed its support for monetary stimulus in Japan, which markets took as a cue for abandoning the yen, reports FT. Japan’s perusing a policy of […]
There are fears that the issue of currency wars may get undue attention at this week’s Group of 20 leading nations meeting in Moscow. Philipp Hildebrand, former chairman of the Swiss National Bank, urges participants in an opinion piece in FT.com to refrain from fanning the currency debate. He argues there is no such thing […]
If Japan’s central bank deflates the yen in coming months, investors with exposure may lose money.
Consider secondary currencies when looking for yield, says Patrick Bradley, a product specialist with the global fixed-income team at Brandywine Global in Philadelphia. He's also a manager of the Renaissance Optimal Income Portfolio
Does currency hedging translate into risk management or added risk? Two experts weigh in