As far as we can tell the vast bulk of the argument relating to de-dollarisation and its possible role in reducing the value of the dollar has been couched in terms of...
There’s been some interesting discussion recently about the structural level of interest rates going forward.
There are some reasons why the risk of a policy mistake is extraordinarily high amongst developed-country central banks.
The US dollar continues to trade in a stable fashion against other major developed currencies. With volatility falling, it has given room for riskier developed and...
Kis Vietnam expected that the USD/VND exchange rate would maintain stability in the near future.
This Wednesday’s FOMC meeting is widely expected to see the Fed leave rates unchanged.
Global core inflation remains elevated. Projections suggest inflation will continue to be above its pre-pandemic level beyond 2024, said World Bank (WB).
It seems to be agreed that last week’s debt ceiling deal passed by Congress won’t hit the economy hard. That certainly seems true if we look at the scale of the cuts to...
Many central banks hold out hopes that they can both defeat inflation and avoid a recession, the Reserve Bank of New Zealand appears far more realistic about its chances.
Policymakers and the markets seem to be assuming a quick “victory” in the labour market but this seems unlikely and hence market rate-hike expectations may still be...
By early May, commercial banks have started to reduce deposit interest rates. With this the average deposit interest rate that had peaked in January at 9 percent per...
The pressure on the USD/VND exchange rate could ease further as the Fed's rate hiking cycle may come to an end.
The Fed has suggested that it has paused its rate hikes. It is not the first developed-country central bank to do so and others could be joining soon, such as ECB, BoE.
Supply, not demand, is the force governing inflationary pressure and it is not clear to us that financial markets have adapted to this. What’s more, we might find that...
While the BoJ has an apparent phobia of tightening policy, the Fed’s phobia seems to lie in the other direction.
There has not been a substantial tightening of credit conditions by banks in spite of the recent turmoil in the banking sector, particularly in the US.
The Fed signalled a pause in rate hikes this week, but made it clear that rates could still rise.
Analysts believe that concerns about credit conditions and the debt limit dispute will maintain gold prices at historically high levels for the foreseeable future.
The Reserve Bank of Australia (RBA) never said never to restarting rate hikes but its recent decision to lift rates 25-bps could be a warning to others, notably the Fed,...
It is no wonder governments don’t like the vigilantes but, in some ways, they might be doing policymakers a favour.
There has been a lot of talk recently about de-dollarisation. However, you should be careful what you wish for.
There seem to be two factors that will determine the fate of the US dollar, at least over the next few months.
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