central banks | The Property Chronicle

The US dollar plunge and emerging market currencies

by Matein Khalid | Aug 31, 2017 | The Macro View

The US dollar plunged after Janet Yellen did not talk about Fed monetary tightening and Mario Draghi did not protest 1.19 Euro at the Jackson Hole central banking symposium. This is a green light for the carry trade in emerging market currencies. The Brazil real has...

Beware the unannounced interest rate increase

by Peter Warburton | Aug 30, 2017 | The Economist

Central banks do not set interest rates. To be specific, central banks in large western democracies with open capital markets and flexible exchange rates do not set interest rates, other than for overnight money. That’s right! If policymakers went on strike – as...

The US dollar plunge and emerging market currencies

Beware the unannounced interest rate increase

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