currencies

"Global imbalances are a shared responsibility. The world is dead wrong to blame it on China." That's how Morgan Stanley's Stephen Roach began his interview with CNBC Asia. I agree 100% with these sentiments as I discussed in…

Highlights The US dollar is enjoying a broad correction against most of the major and emerging market currencies.  The Japanese yen is one of the of the few exceptions and it is largely sidelined with the greenback confined in a…

By David Galland During our just-concluded Casey’s Gold & Resource Summit, Doug Casey spoke out about the folly that central bankers commit when they set out to deliberately weaken their currencies in the hope of gaining an advantage…

I spoke to the Russian TV broadcaster Russia Today and the popular Indian website DNA India late last week about the escalating rhetoric surrounding the forex market. The video from RT is not available yet but the link to the DNA post is…

The US dollar is little changed against the major foreign currencies as the consolidation seen at the end of last week continue.  Holidays in Japan, Canada and the United States contributes to the subdued tone.  The euro made a…

From the Friday BBH FX Special. Also see Win Thin's Thursday comments on this here. Recent weeks have seen much talk about "currency wars". This talk suggests that many countries are seeking the devaluation of their currencies in…

Here is something interesting.  The Chinese have reversed policy on diversification into the yen. It was my assumption that the Japanese government's objections would be acknowledged by the Chinese and that they were not the most…

Morgan Stanley has an interesting piece out today, arguing there is  no 'currency war'... yet. Win Thin made some points on this score yesterday, pointing to real effective exchange rates in developing countries. Morgan Stanley's Manoj…

Highlights The US dollar is firmer amid last minute positioning just ahead of the employment data.  With another round of asset purchases continues to seem probable, even though FOMC voting member Bullard and non-voting Dallas Fed’s…

by Win Thin With all this talk about currency wars, several points need to be made.  The most important one that we have been stressing is that EM currencies are stronger now than they were a year ago, hardly the stuff of competitive…