Category: FX

Dollars and Sense: The Sterling Depreciation and UK Price Competitiveness (Vox EU, 4 min read)

Currency Wars and the Fall of Empires (Coppola Comment, 6 min read)

Back-of-the-Envelope Calculation of Trump Induced Dollar Appreciation (Econbrowser, 3 min read)

U.S. Dollar Policy: Through the Looking Glass of U.S. Currency Intervention (Pimco, 4 min read)

China’s Economic Growth has Halved—and It is Set to Halve Again (Prospect Magazine, 3 min read)

China’s Bizarre May Intervention Numbers (Follow the Money, 5 min read)

Growth Is Good, But Not Inflation

With today’s raft of service PMIs, there are more signs of stabilisation in the global growth cycle (both China and European indices bounced). There remain lingering concerns around the manufacturing cycle, especially in Europe, but the larger issue could be falling inflation. Indeed, US inflation expectations (as priced by rates markets) plunged towards the end […]