currencies | The Property Chronicle

Currencies – King Dollar devastates emerging markets currencies

by Matein Khalid | Jul 24, 2018 | The Macro View

Gold has fallen to 1231 an ounce. The Chinese yuan has depreciated to 6.76 and triggered a Black Death in emerging market currencies. Copper has fallen 18% in the past month. Emerging market equities/debt markets are in free fall. The US Treasury debt yield curve has...

The end of easy money

by Matein Khalid | Nov 7, 2017 | The Macro View

2017 has been a wonderful year for major emerging markets, thanks to a 7% fall in the US Dollar Index, no hard landing in China, the end of recessions in Brazil and Russia, falls in inflation that enabled central bank easing and stimulated domestic demand, even a...

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...

Wall Street: a hawkish Federal Reserve and the US dollar comeback

by Matein Khalid | Jun 19, 2017 | The Macro View

Dr Janet Yellen surprised the financial markets with her hawkish take on interest rate policy and inflation even as the FOMC raised the Fed Funds rate for the fourth time since December 2015. Despite successive weak CPI and auto/retail sales data, Dr Yellen asserted...