South African Rand Loses its Luster
In 2009, the South African Rand was the world’s second best performing currency, after only the Brazilian Real. Since September, however, it has stagnated, and over the next year, it is projected to fall 10%. What happened?! The Rand represents an interesting case study because it sits at the nexus of several trends. The first is the movement of funds into currencies with high interest rates. (The benchmark rate in South Africa is 7%). The second is the movement of funds into economies that are rich in natural resources. (South Africa is the…
Related Videos from Youtube
Tenengauzer Says Chinese Yuan Gain...March 9 (Bloomberg) -- Daniel Tenengauzer, head of emerging-market fixed income and currency strategy at Bank of America Corp., talks with Bloomberg's Michael mckee about China's currency policy. Tenengauzer also discusses investment strategy in Asian currencies and outlook for the euro-dollar exchange rate. (This is an excerpt. Source: Bloomberg)
China Alters Tone on Exchange Rate...March 8 (Bloomberg) -- Bloomberg's Sarah Eisen reports o the outlook for China's yuan. (Source: Bloomberg)
Jackson Discusses Emerging-Market S...March 8 (Bloomberg) -- Brian Jackson, an emerging-markets strategist at Royal Bank of Canada in Hong Kong, talks with Bloomberg's Susan Li about his investment strategy for emerging-market stocks. Jackson also discusses China's National People's Congress and the outlook for the nation's economy. (Source: Bloomberg)
Suarez Says Ecuador's Non-Oil GDP G...March 5 (Bloomberg) -- Ecuador's Minister of Production Nathalie Cely Suarez talks with Bloomberg's Pimm Fox about the country's economic model and growth. Suarez also discusses Ecuador's defaults on its sovereign debt, use of the US dollar as its national currency, and tourism and renewable energy industries. (Source: Bloomberg)
|
Mexican__Pride (Mexican Pride) : Mexico: Emerging Markets-latam Currencies Mixed, Stocks Up On China Data http://bit.ly/aLkuBQ.. Updated : 2010-03-11T02:41:45Z | Reply | View Tweet |
|
|
Mexican__Pride (Mexican Pride) : Mexico: Emerging Markets-latam Currencies Mixed, Stocks Up On China Data http://bit.ly/9nuNVs.. Updated : 2010-03-11T02:30:49Z | Reply | View Tweet |
|
Mashawnda (Mashawnda Dowell) : RT @newsforextrader EMERGING MARKETS-LatAm currencies mixed, stocks up on China data - Reuters India http://bit.ly/dxU3ZX.. Updated : 2010-03-10T23:54:58Z | Reply | View Tweet |
|
NewsForexTrader (News 4 Forex Trader) : EMERGING MARKETS-LatAm currencies mixed, stocks up on China data - Reuters India http://bit.ly/dxU3ZX.. Updated : 2010-03-10T23:51:51Z | Reply | View Tweet |
|
fxsoftware (Forex Software ) : Emerging Market Currencies Continue their Run (http://bit.ly/d0GmlL).. Updated : 2010-03-10T15:55:29Z | Reply | View Tweet |
-
Farewell to dollar supremacy
[Business & Finance]The sun is setting on the US dollar as the ultra-loose monetary policy of the US Federal Reserve forces China and the vibrant economies of the emerging world to forge a new global currency order, according to a new report by HSBC. "The dollar looks awfully like sterling after the First World War," said David Bloom, the bank's currency chief...
-
UN Says New Currency Is Needed
[Business & Finance]The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said.
-
If China loses faith, the dollar will collapse
[Business & Finance]Emerging economies such as China and Russia are calling for alternatives to the dollar as a reserve currency. The trigger is the Fed's policy of expanding the money supply to prop up the banking system. The Fed is printing dollars massively, which will eventually trigger high inflation and cause great damage to countries with large dollar reserves...
-
China, Russia call to replace dollar as global reserve curre
[World News]China and other emerging nations back Russia's call for a discussion on how to replace the dollar as the world's primary reserve currency, a senior Russian government source said on Thursday.
-
Why the Dollar Has Once Again Emerged As Currency of Choice
[Business & Finance]Stocks are at their lowest levels in about 12 years. The economy shrunk by more than 6% in the fourth quarter. Companies are laying off people left and right.
