Showing posts with label currency intervention. Show all posts
Showing posts with label currency intervention. Show all posts
Monday, November 25, 2024

US Dollar-Philippine Peso Retests Its All-Time High of 59, the BSP’s "Maginot Line": It’s Not About the Strong Dollar

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   interventionism destroys the purchasing power of the local currency by breaking all the rules of prudent monetary policy and financing an...
Thursday, April 10, 2014

Behind the Furious Rally of the Philippine Peso

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Last weekend I wrote ,  Yet we cannot discount any temporal relief rallies in both the peso and the treasury markets mainly due to int...
2 comments:
Tuesday, October 09, 2012

Sri Lanka Joins Global Money Printing Contest

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I have been saying that global central banks have embraced Bernanke’s approach as a newfound doctrine ( here and here ) such that ALL cent...
1 comment:
Saturday, September 22, 2012

Brazil and China Governments Slam the FED’s QE Forever

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The US Federal Reserve’s QE ‘forever’ hasn’t been welcomed by some of the major emerging market central banking peers. Brazil’s Finance...
Tuesday, August 14, 2012

Swiss National Bank’s Currency Interventions Spawns Property Bubble

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The unintended consequences from massive currency interventions conducted by the Swiss National bank, designed to curb huge inflows from a c...
Saturday, December 10, 2011

Cracks in South Korea’s Mercantilists Policymaking Mindset?

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Mercantilist policymaking in South Korea may be exhibiting some signs of fissures. Michael Han at Matthews Asia writes , South Ko...
Monday, October 31, 2011

Competitive Devaluations: Japan Intervenes to Curb Yen gains for the Third Time this year

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Japan intervened in the currency market today, to allegedly halt a rising yen. Today’s action is the third intervention this year. From Bl...
Tuesday, September 06, 2011

Hot: Swiss National Bank to Embrace Zimbabwe’s Gideon Gono model

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The Swiss National Bank has impliedly adapted Zimbabwe’s Central Bank Governor Gideon Gono’s hyperinflationary model. From Reuters , (bol...
Monday, August 08, 2011

G-7: More QEs Coming

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From Bloomberg , (bold highlights mine) Group of Seven nations sought to head off a collapse in global investor confidence after the U....
Sunday, August 07, 2011

Global Market Crash Points to QE 3.0

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I can already smell QE3. Now we'll see if Mr. Bernanke is a true money printer or an amateur money printer. If he is a true money printe...