Daily Dispatches

Swiss central bank sight deposits hit record, suggesting FX interventions

Section:

By Catherine Bosley
Bloomberg News
Monday, August 5, 2019

The Swiss National Bank may have intervened to tame the franc's rise, with record-high sight deposits pointing to currency market activity.

Ambrose Evans-Pritchard: Currency war begins as China hurls devaluation back in Trump's face

Section: |

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, August 5, 2109

China has hit back against the Trump administration with a drastic exchange rate devaluation, almost guaranteeing a superpower showdown and a lurch towards full trade war.

Dollar intervention risk rises as yuan's slide stokes currency war bets

Section:

By Ruth Carson and Masaki Kondo
Bloomberg News
Monday, August 5, 2019

The risk of U.S. intervention to rein in the dollar is rising as a tumbling Chinese yuan stokes speculation that a global currency war is getting underway.

China lets yuan fall below 7 per dollar as trade war escalates

Section:

By Tian Chen
Bloomberg News
Sunday, August 4, 2019

The yuan plunged beyond 7 per dollar for the first time since 2008 amid speculation Beijing was allowing currency depreciation to counter President Donald Trump's latest tariff threat.

As gold and silver catch fire, what's happening?

Section:

11:53p ET Monday, August 4, 2109

Dear Friend of GATA and Gold:

A friend who has not been paying close attention to the gold market for a while asked your secretary/treasurer this afternoon for a summary of his outlook. With the monetary metals on fire tonight as they have not been for a long, long time, maybe the reply is worth sharing:

Abrupt ousters, public missteps sink morale inside New York Fed

Section:

Poor things.

* * *

By Matthew Boesler, Alex Harris, and Liz McCormick
Bloomberg News
Sunday, August 4, 2019

As the financial world watches the White House turn up the heat on the Federal Reserve in Washington, another Fed drama has been playing out right on Wall Street's doorstep.

Putin's pledge to ditch the dollar is slowly being fulfilled

Section:

By Andrey Biryukov
Bloomberg News
Saturday, August 3, 2019

Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow.

White House's Kudlow again says no dollar intervention

Section:

By Ryan Haar
Bloomberg News
Friday, August 2, 2019

White House economic adviser Larry Kudlow said today the administration would not undertake currency intervention, one week after President Donald Trump explicitly said he had not ruled out taking steps on the dollar.

Stefan Gleason: As Fed disappoints, will Trump try currency intervention?

Section:

By Stefan Gleason
Money Metals Exchange, Eagle,Idado
Thursday, August 1, 2019

Following months of cajoling by the White House, the Federal Reserve finally cut its benchmark interest rate. However, the reaction in equity and currency markets was not the one President Donald Trump wanted -- or many traders anticipated.

Trump's new tariffs may set stage for more Fed rate cuts

Section:

By Ann Saphir and Richard Leong
Reuters
Friday, August 2, 2019

U.S. President Donald Trump's surprise move on Thursday to impose new tariffs on Chinese imports has thrown the Federal Reserve another curveball that may force the central bank to cut interest rates more than it had hoped was necessary to protect the U.S. economy from trade-policy risks.

Syndicate content