We wrote repeatedly about the recent demise of the Turkish lira, caused by Turkey’s Central Bank’s non-conventional monetary policy.
December 13, 2021
1755
The U.S. dollar index, DXY, the widely used tool which tracks the greenback against a basket of its trading counterparts, is at 96.26 – a bit lower, than yesterday, but still above levels seen last week, when global markets started the hiccups.
November 26, 2021
1895
On Thursday, the Turkish lira fell to an all-time low of around 11 per dollar, almost 9% below Friday's close, before reclaiming some losses ahead of a central bank meeting, which is expected to keep on with further rate cuts, despite currency devaluation and inflation of around 20%.
November 18, 2021
1848
On Thursday, the Bank of England’s decision to leave the Bank’s Rate at 0.1% was not surprising at all.
November 8, 2021
1940
The Federal Reserve announced the inception of tapering of its asset purchases later in November.
November 4, 2021
1852
The strength of the energy sector at the moment is obvious: news about most energy prices reaching their historic highs keeps coming almost on daily basis. The most recent strong earnings reports are the same from British BP (BP) and American ConocoPhillips (COP).
November 2, 2021
1991
The governor of the central bank of Turkey, apparently submitting to the orders of President Recep Tayyip Erdogan, who has unorthodox monetary views (if inflation gets higher, he wants the rate to be cut, according to his statements, while the classic economic theory says the opposite) cut the interest rate more than expected despite rising inflationary pressures and the continuing demise of Lira to an all-time low.
October 21, 2021
1929
The Russian ruble is trading near the 71.90 level against USD after reaching its 1 ½ years minimum on Monday, October 11, having strengthened against the dollar to 71.787, but intraday USDRUB dropped to 71.55 rubles, the 2021 minimum.
October 12, 2021
1983
The U.S. dollar index (DXY) has been steadily growing lately, driven by increasing risk-off mode associated with many recent and ongoing turbulent events across the globe causing U.S. bond yields to rise.
October 7, 2021
1840
The Japanese yen is poised to recover some of its recent losses if the country's ruling Liberal Democratic Party votes on Wednesday to elect the head of the coronavirus vaccination department, Taro Kono, as the next prime minister, according to a recent ING report.
September 28, 2021
1980
August 4, 2021
3177
August 6, 2021
2696
July 2, 2021
2604
