Opalesque Commodities Briefing » Currencies http://www.opalesque.com/Commodities_Briefing Wed, 30 Nov 2016 00:03:38 +0000 http://wordpress.org/?v=2.5.1 en China Tightens Controls on Overseas Use of Its Currency http://www.opalesque.com/Commodities_Briefing/?p=144553 http://www.opalesque.com/Commodities_Briefing/?p=144553#comments Tue, 29 Nov 2016 23:59:25 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144553 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144553>Article Link</a> As an exodus of money adds to the pressure on a slowing economy, regulators are trying to put the brakes on overseas use of China’s currency by increasing the scrutiny of certain overseas deals. The decision to restrict overseas use of the renminbi represents a setback in China’s long-term drive to turn the currency into a rival to the dollar and euro in the global marketplace. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144553
Top Economists Around the World Assess India’s Currency Curbs http://www.opalesque.com/Commodities_Briefing/?p=144552 http://www.opalesque.com/Commodities_Briefing/?p=144552#comments Tue, 29 Nov 2016 23:59:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144552 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144552>Article Link</a> It has been more than three weeks since the government announced its decision to demonetise old Rs 500 and Rs 1,000 currency notes. There has been a wide-ranging debate on whether the government’s move will indeed succeed in curbing black money hoarding and tax evasion. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144552
Zimbabwe Begins Issuing New Currency http://www.opalesque.com/Commodities_Briefing/?p=144530 http://www.opalesque.com/Commodities_Briefing/?p=144530#comments Tue, 29 Nov 2016 01:14:23 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144530 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144530>Article Link</a> Zimbabwe is issuing a new currency, known as bond notes, that officially are equal to the U.S. dollar. The government has gone ahead with the plan despite warnings the new currency will fuel hyperinflation and worsen the already ailing economy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144530
PM Narendra Modi’s Currency Ban Move ‘Gamble’, Will Set Precedent http://www.opalesque.com/Commodities_Briefing/?p=144529 http://www.opalesque.com/Commodities_Briefing/?p=144529#comments Tue, 29 Nov 2016 01:14:11 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144529 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144529>Article Link</a> Terming Prime Minister Narendra Modi’s demonetisation move as “very bold”, China’s official media today said it was a “gamble” that would create a precedent irrespective of whether it succeeds or fails and China will draw lessons from its impact on corruption. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144529
Renminbi touches eight-year low in EM currency rout http://www.opalesque.com/Commodities_Briefing/?p=144503 http://www.opalesque.com/Commodities_Briefing/?p=144503#comments Thu, 24 Nov 2016 23:03:53 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144503 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144503>Article Link</a> Rush back into US assets leaves range of Asian currencies at record lows. The relentless rise of the dollar scorched emerging market currencies on Thursday, sending China’s renminbi to its weakest level in eight years, while India’s rupee plumbed a record low. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144503
Venezuela’s Currency Just Had the Biggest Monthly Collapse Ever http://www.opalesque.com/Commodities_Briefing/?p=144502 http://www.opalesque.com/Commodities_Briefing/?p=144502#comments Thu, 24 Nov 2016 23:03:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144502 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144502>Article Link</a> Venezuela’s currency - the so-called “strong bolivar” - is weakening beyond levels that analysts had forecast just a few weeks ago as an expanding money supply chases a limited amount of U.S. dollars. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144502
India Moves to Ease Currency Shortage in Rural Areas http://www.opalesque.com/Commodities_Briefing/?p=144481 http://www.opalesque.com/Commodities_Briefing/?p=144481#comments Wed, 23 Nov 2016 23:10:56 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144481 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144481>Article Link</a> As India grapples with massive cash shortages, the government has announced a series of measures to improve the supply of new currency to the vast rural areas that have been worst hit since high value currency bills were scrapped earlier this month. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144481
India’s currency-GDP ratio highest among BRICS nations http://www.opalesque.com/Commodities_Briefing/?p=144480 http://www.opalesque.com/Commodities_Briefing/?p=144480#comments Wed, 23 Nov 2016 23:10:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144480 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144480>Article Link</a> The scramble for cash is well and truly on following the demonetisation of `500 and `1,000 currency notes. But that isn’t a surprise as India is increasingly becoming a currency driven economy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144480
India just made a big mistake with its currency ban http://www.opalesque.com/Commodities_Briefing/?p=144454 http://www.opalesque.com/Commodities_Briefing/?p=144454#comments Tue, 22 Nov 2016 23:19:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144454 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144454>Article Link</a> Like everyone else, we were surprised by the dramatic action taken by Indian Prime Minister Narendra Modi to demonetize the existing 500 and 1,000 rupee notes. This is by far the most sweeping change in currency policy that has occurred anywhere in the world in decades. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144454
RBI starts moving old notes from ‘flooded’ currency chests http://www.opalesque.com/Commodities_Briefing/?p=144453 http://www.opalesque.com/Commodities_Briefing/?p=144453#comments Tue, 22 Nov 2016 23:19:43 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144453 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144453>Article Link</a> It is a problem of plenty for the banks and currency chests, which store currency notes and coins on behalf of the Reserve Bank of India. With people depositing the demonetised notes of ₹500/1,000 in crores, bank branches and currency chests are overflowing with no room for further storage. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144453
All you wanted to know about currency chest http://www.opalesque.com/Commodities_Briefing/?p=144437 http://www.opalesque.com/Commodities_Briefing/?p=144437#comments Mon, 21 Nov 2016 23:13:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144437 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144437>Article Link</a> If you were among those making frequent trips to the bank in the last few days, you might have been told by a bank employee that money is on its way from the currency chest. Or you could have heard people say that all the 100 and 50 notes have disappeared from the currency chest. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144437
JPMorgan sees stable Chinese currency, economy http://www.opalesque.com/Commodities_Briefing/?p=144436 http://www.opalesque.com/Commodities_Briefing/?p=144436#comments Mon, 21 Nov 2016 23:13:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144436 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144436>Article Link</a> Investment bank JPMorgan Chase said the yuan is relatively stable against a basket of currencies despite continued drops against the US dollar. Stronger signals pointing toward US interest rate hike in December have put more downward pressure on the yuan, a trend that will persist in the fourth quarter, said Jing Ulrich, managing director and vice chair of Asia Pacific at JPMorgan Chase. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144436
As China punishes speculators, billions of dollars exit commodities http://www.opalesque.com/Commodities_Briefing/?p=144432 http://www.opalesque.com/Commodities_Briefing/?p=144432#comments Sun, 20 Nov 2016 23:45:16 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144432 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144432>Article Link</a> Billions of dollars in funds exited China’s commodities futures in less than a week, the most since February, as regulators curbed speculative trading in a display of Beijing’s power to swiftly cool markets. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144432
Libya’s government faces forced currency devaluation http://www.opalesque.com/Commodities_Briefing/?p=144417 http://www.opalesque.com/Commodities_Briefing/?p=144417#comments Sun, 20 Nov 2016 23:41:27 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144417 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144417>Article Link</a> The government of near-bankrupt Libya faces the threat of a forced devaluation of the country’s currency and an end to fuel subsidies, in a move that could spark a wave of popular anger and the fall of the teetering UN-backed administration in Tripoli. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144417
India: When cash lost currency http://www.opalesque.com/Commodities_Briefing/?p=144416 http://www.opalesque.com/Commodities_Briefing/?p=144416#comments Sun, 20 Nov 2016 23:41:15 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144416 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144416>Article Link</a> The government’s shock-and-awe move on November 8 to ban old ₹500 and ₹1,000 notes has dominated headlines across the country since. Meant as an attack on black money and forged currency, the move also resulted in long queues outside banks and ATMs to exchange, withdraw and deposit currency. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144416
China working to make yuan key currency http://www.opalesque.com/Commodities_Briefing/?p=144415 http://www.opalesque.com/Commodities_Briefing/?p=144415#comments Sun, 20 Nov 2016 23:41:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144415 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144415>Article Link</a> The Chinese government is making strategic moves to construct an Asia-based economic bloc based on the Chinese yuan, also known as the renminbi, with the ambition of turning it into a currency capable of replacing the U.S. dollar in the world economy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144415
Foreign banks shaken by Malaysia’s move to halt currency slide http://www.opalesque.com/Commodities_Briefing/?p=144396 http://www.opalesque.com/Commodities_Briefing/?p=144396#comments Thu, 17 Nov 2016 23:25:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144396 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144396>Article Link</a> Foreign banks in Malaysia on Thursday were trying to work out how to comply with the central bank’s clamp-down on offshore ringgit trading, a move the broader market views as a form of capital controls. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144396
Currency notes remains topic of discussion everywhere http://www.opalesque.com/Commodities_Briefing/?p=144395 http://www.opalesque.com/Commodities_Briefing/?p=144395#comments Thu, 17 Nov 2016 23:25:24 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144395 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144395>Article Link</a> Conversations at public places provide an index of a society’s primary concerns at the moment. In India, it would not be off the mark to say that it is now about money - or more specifically about having currency notes. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144395
Yuan Weakness Is Metals’ Strength http://www.opalesque.com/Commodities_Briefing/?p=144372 http://www.opalesque.com/Commodities_Briefing/?p=144372#comments Wed, 16 Nov 2016 23:19:02 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144372 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144372>Article Link</a> Most commodities are denominated in, and therefore pegged to, the U.S. dollar but these days the Chinese yuan is starting to have as much influence on prices.While there were fundamental triggers behind the recent spike and drop in raw materials, it’s becoming clear that Chinese trading was among the main drivers. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144372
An overview of the evolution of paper currency in India http://www.opalesque.com/Commodities_Briefing/?p=144371 http://www.opalesque.com/Commodities_Briefing/?p=144371#comments Wed, 16 Nov 2016 23:18:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144371 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144371>Article Link</a> Governments have, for centuries spent a large amount of time and resources in the production of currency in a way that can best serve as the representation of regional and later national pride and interests. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144371
The economics of currency reform http://www.opalesque.com/Commodities_Briefing/?p=144370 http://www.opalesque.com/Commodities_Briefing/?p=144370#comments Wed, 16 Nov 2016 23:18:29 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144370 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144370>Article Link</a> The challenge now is to minimize the pain of currency swap—to the economy as a whole but especially to the informal sector. The serpentine queues outside banks across the country have quite naturally grabbed public attention in the past few days. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144370
Currency Swap Pinches India’s Cash Economy http://www.opalesque.com/Commodities_Briefing/?p=144345 http://www.opalesque.com/Commodities_Briefing/?p=144345#comments Tue, 15 Nov 2016 23:09:30 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144345 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144345>Article Link</a> After Narendra Modi voided the largest bank notes, the hoarding of small bills is slowing small-scale commerce. A week after Prime Minister Narendra Modi abruptly voided India’s largest bank notes, people across the country are holding on to small bills, a response that is pinching cash-based economic activity and causing some analysts to re-examine their forecasts for output growth. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144345
Will Brexit’s impact on currency strengthen the case for Scottish independence? http://www.opalesque.com/Commodities_Briefing/?p=144344 http://www.opalesque.com/Commodities_Briefing/?p=144344#comments Tue, 15 Nov 2016 23:09:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144344 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144344>Article Link</a> The impact of the Brexit vote on Scottish consumers has been well documented, with the plummeting pound sending the cost of everything from Walkers Crisps to Birds Eye fish fingers on an upward trend. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144344
India rupee ban: Currency move is ‘bad economics’ http://www.opalesque.com/Commodities_Briefing/?p=144320 http://www.opalesque.com/Commodities_Briefing/?p=144320#comments Tue, 15 Nov 2016 00:24:18 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144320 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144320>Article Link</a> India’s dramatic move to scrap 500 ($7.60) and 1,000 rupee notes is poor economics, a leading economist says. Kaushik Basu, the former chief economist for the World Bank, says the “collateral damage” is likely to outstrip its benefits. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144320
How long will the Trump factor weigh on the yen? http://www.opalesque.com/Commodities_Briefing/?p=144319 http://www.opalesque.com/Commodities_Briefing/?p=144319#comments Tue, 15 Nov 2016 00:24:03 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144319 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144319>Article Link</a> Ever since Donald Trump won the U.S. presidential election last week, the dollar has been strengthening against the yen. But many traders doubt the Trump effect will last that much longer. A stronger dollar coupled with higher interest rates could become a drag on the U.S. economy and may push investors to seek haven in the yen. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144319
Modi’s key aide blames poor planning for India’s currency crisis http://www.opalesque.com/Commodities_Briefing/?p=144301 http://www.opalesque.com/Commodities_Briefing/?p=144301#comments Mon, 14 Nov 2016 00:17:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144301 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144301>Article Link</a> A member of parliament and one of Prime Minister Narendra Modi’s top aides has blamed poor planning and execution by the government for the banknote crisis that has engulfed India, with tens of thousands of people queueing up outside banks and empty ATMs following New Delhi’s decision to replace large-denomination notes with new ones. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144301
Back in India, Modi faces currency heat http://www.opalesque.com/Commodities_Briefing/?p=144300 http://www.opalesque.com/Commodities_Briefing/?p=144300#comments Mon, 14 Nov 2016 00:17:44 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144300 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144300>Article Link</a> Just hours after returning from a successful state visit to Japan, Indian Prime Minister Narendra Modi took to national TV to urge his countrymen to be patient as the government demonetizes the currency of 500 and 1,000 rupee bills. There has been a public backlash against Modi’s “essential” move on November 8 to tackle graft in the country and crack down on unknown sources of income. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144300
China’s currency hits 6-year low against dollar after Trump win http://www.opalesque.com/Commodities_Briefing/?p=144278 http://www.opalesque.com/Commodities_Briefing/?p=144278#comments Fri, 11 Nov 2016 00:43:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144278 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144278>Article Link</a> China’s currency sank to a six-year low against the U.S. dollar on Thursday as investors weighed what a Donald Trump presidency could mean for trade between the world’s two largest economies. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144278
Can India’s currency ban really curb the black economy? http://www.opalesque.com/Commodities_Briefing/?p=144277 http://www.opalesque.com/Commodities_Briefing/?p=144277#comments Fri, 11 Nov 2016 00:43:34 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144277 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144277>Article Link</a> On Tuesday night, in an unusual broadcast to the nation, Indian Prime Minister Narendra Modi scrapped 1,000 and 500 rupee notes in a bid to flush out tax evaders. The banknotes that were declared illegal tender represent more than 86% of cash in circulation in India. Economic analyst Vivek Kaul explains the fight against tax evasion. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144277
A brief history of India pulling bank notes from circulation http://www.opalesque.com/Commodities_Briefing/?p=144256 http://www.opalesque.com/Commodities_Briefing/?p=144256#comments Wed, 09 Nov 2016 23:14:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144256 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144256>Article Link</a> If third time’s the charm, the ban on Rs500 and Rs1,000 notes could finally wipe off corruption in India. Narendra Modi may have shocked the nation with his Nov. 8 announcement, but the prime minister’s move was hardly unprecedented. India has pulled select denominations of its currency twice before. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144256
In A Foreign Country, Indian Diaspora Stumped By Surprise Currency Ban http://www.opalesque.com/Commodities_Briefing/?p=144255 http://www.opalesque.com/Commodities_Briefing/?p=144255#comments Wed, 09 Nov 2016 23:14:22 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144255 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144255>Article Link</a> India’s shock move on Tuesday to withdraw large denomination bank notes from circulation to fight corruption and tax evasion has left some overseas citizens high and dry, as money changers in key Asian centres stopped accepting the currency. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144255
India scraps high currency notes to fight corruption http://www.opalesque.com/Commodities_Briefing/?p=144229 http://www.opalesque.com/Commodities_Briefing/?p=144229#comments Tue, 08 Nov 2016 23:07:48 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144229 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144229>Article Link</a> India’s highest-denomination currency notes are being withdrawn immediately from circulation, the country’s prime minister said Tuesday night, a surprise announcement designed to fight corruption and target people who have stashed away immense amounts of cash. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144229
India currency bombshell http://www.opalesque.com/Commodities_Briefing/?p=144228 http://www.opalesque.com/Commodities_Briefing/?p=144228#comments Tue, 08 Nov 2016 23:07:36 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144228 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144228>Article Link</a> Watching an Indian news channel I was intrigued to see a newsflash that Prime Minister Narendra Modi was about to address the nation. As I am in Delhi to report on the UK Prime Ministers trade mission to India, I assumed it was an announcement in some way connected to the UK and India’s future trade relationship. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144228
India: Five key impacts of currency announcement http://www.opalesque.com/Commodities_Briefing/?p=144227 http://www.opalesque.com/Commodities_Briefing/?p=144227#comments Tue, 08 Nov 2016 23:07:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144227 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144227>Article Link</a> Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 notes for fighting black money and corruption is a bold move. But this sudden move would have implications for the people as well as economy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144227
Why China’s yuan is poised to be the next global super-currency http://www.opalesque.com/Commodities_Briefing/?p=144211 http://www.opalesque.com/Commodities_Briefing/?p=144211#comments Mon, 07 Nov 2016 23:10:07 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144211 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144211>Article Link</a> With dominant reserve currencies like the dollar and the euro in decline, the yuan has a great opportunity to be a serious contender. China’s yuan has a great opportunity to achieve super-currency status. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144211
A Trump Win Could Sink the Dollar http://www.opalesque.com/Commodities_Briefing/?p=144210 http://www.opalesque.com/Commodities_Briefing/?p=144210#comments Mon, 07 Nov 2016 23:09:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144210 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144210>Article Link</a> The dollar’s surge after the Federal Bureau of Investigation absolved Hillary Clinton of committing a crime sent the greenback close to the levels likely to prevail if she won the presidential election. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144210
Egypt allows its currency to float freely http://www.opalesque.com/Commodities_Briefing/?p=144187 http://www.opalesque.com/Commodities_Briefing/?p=144187#comments Thu, 03 Nov 2016 23:03:13 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144187 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144187>Article Link</a> Egypt has floated its currency in a move that has reduced its value by almost 50% against the dollar. One US dollar is buying around 14 Egyptian pounds, up from the nine Egyptian pounds the central bank was trying to keep it at. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144187
U.S. Elections Cause Volatility in Brazil Currency http://www.opalesque.com/Commodities_Briefing/?p=144186 http://www.opalesque.com/Commodities_Briefing/?p=144186#comments Thu, 03 Nov 2016 23:02:59 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144186 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144186>Article Link</a> The volatility of the U.S. dollar is not only affecting American residents, but also Brazilians and expats who plan to travel abroad during the end-of-year holidays. With the U.S. Presidential elections less than a week away, those in Brazil who have already purchased airline tickets and hotel packages, wonder if they should exchange Brazilian reais for U.S. dollars now or wait. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144186
Australian currency surge may signal good times ahead for global economy http://www.opalesque.com/Commodities_Briefing/?p=144165 http://www.opalesque.com/Commodities_Briefing/?p=144165#comments Wed, 02 Nov 2016 23:13:21 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144165 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144165>Article Link</a> To gauge whether the global economy is finally picking up, take a look at the performance of the Australian dollar since the end of June. Driven by rising local bond yields and commodity prices, the Aussie is the strongest major developed currency over that period, and some analysts are forecasting further gains to an 18-month high. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144165
Zimbabwe prepares to introduce new currency this month http://www.opalesque.com/Commodities_Briefing/?p=144164 http://www.opalesque.com/Commodities_Briefing/?p=144164#comments Wed, 02 Nov 2016 23:13:09 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144164 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144164>Article Link</a> Zimbabwe’s president has formalized a law allowing the introduction of a new currency this month. The new bond notes, backed by a $200 million Afreximbank bond facility, will be regarded as legal tender for all local transactions. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144164
Venezuela’s Currency Is Collapsing on the Black Market Again http://www.opalesque.com/Commodities_Briefing/?p=144144 http://www.opalesque.com/Commodities_Briefing/?p=144144#comments Tue, 01 Nov 2016 23:17:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144144 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144144>Article Link</a> Venezuela’s currency is so weak, shopkeepers have taken to weighing it. In 2015, the black-market bolivar frequently fell more than 10 percent a month. In the six months through September the black-market currency actually appreciated, even as prices for unregulated goods began to skyrocket. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144144
Rapid currency slide chokes business in Egypt http://www.opalesque.com/Commodities_Briefing/?p=144143 http://www.opalesque.com/Commodities_Briefing/?p=144143#comments Tue, 01 Nov 2016 23:17:40 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144143 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144143>Article Link</a> Business is grinding to a near-halt in Egypt as companies struggle to keep pace with a rapid slide in the black market value of the pound. Factories are halting production, shops are running low on stocks and a sense of panic is spreading. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144143
Zimbabwe prepares to introduce new currency this month http://www.opalesque.com/Commodities_Briefing/?p=144142 http://www.opalesque.com/Commodities_Briefing/?p=144142#comments Tue, 01 Nov 2016 23:17:28 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144142 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144142>Article Link</a> Zimbabwe’s president has formalized a law allowing the introduction of a new currency this month. The new bond notes, backed by a $200 million Afreximbank bond facility, will be regarded as legal tender for all local transactions. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144142
Zimbabweans fear new currency could throw back the nation to the horrors of its 2008 crisis http://www.opalesque.com/Commodities_Briefing/?p=144122 http://www.opalesque.com/Commodities_Briefing/?p=144122#comments Tue, 01 Nov 2016 00:32:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144122 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144122>Article Link</a> Concerns have been rising in Zimbabwe as it emerged that the nation’s reserve bank is rolling out “bond notes”, a form of domestic currency being introduced by President Robert Mugabe’s government on Monday (31 October). (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144122
Sterling is world’s worst-performing currency in October http://www.opalesque.com/Commodities_Briefing/?p=144121 http://www.opalesque.com/Commodities_Briefing/?p=144121#comments Tue, 01 Nov 2016 00:32:41 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144121 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144121>Article Link</a> Sterling was the world’s worst-performing currency this month, trailing behind about 150 peers, as the first signs of how Brexit will look emerged. Sterling headed for its biggest monthly decline versus the dollar since the UK voted in June to leave the European Union (EU), amid speculation that the government is headed for a so-called hard Brexit, where unfettered access to Europe’s single market is sacrificed for immigration controls. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144121
How Do Currency Shifts Affect International Investments? http://www.opalesque.com/Commodities_Briefing/?p=144104 http://www.opalesque.com/Commodities_Briefing/?p=144104#comments Mon, 31 Oct 2016 01:18:51 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144104 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144104>Article Link</a> International investing comes with its fair share of unique challenges, prominent among them, exchange rate fluctuations. While exposure to global currencies provides diversification, it can also affect considerations such as dividend payments. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144104
Commodities rally fails to fire up the Aussie dollar http://www.opalesque.com/Commodities_Briefing/?p=144103 http://www.opalesque.com/Commodities_Briefing/?p=144103#comments Mon, 31 Oct 2016 01:18:39 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144103 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144103>Article Link</a> Australia’s key commodity exports, iron ore and coal, have been on a spectacular rally over the past weeks, yet the dollar is stuck below US77¢ as larger forces hold back the currency. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144103
China Steps Up Yuan Rhetoric as Currency Falls to Six-Year Low http://www.opalesque.com/Commodities_Briefing/?p=144082 http://www.opalesque.com/Commodities_Briefing/?p=144082#comments Fri, 28 Oct 2016 01:22:32 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144082 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144082>Article Link</a> Chinese officials and state-run media stepped up efforts to curb yuan depreciation concerns, talking up the currency as it traded near the weakest level in six years. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144082
Saudi Arabia Drops Egyptian Pound From Exchange Markets As Currency Rapidly Depreciates http://www.opalesque.com/Commodities_Briefing/?p=144081 http://www.opalesque.com/Commodities_Briefing/?p=144081#comments Fri, 28 Oct 2016 01:22:19 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144081 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144081>Article Link</a> Saudi Arabia’s currency exchange outlets have dropped the Egyptian pound following the currency’s sharp decline in value in recent months, Saudi media reported Thursday. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144081
Investors Buy Commodity Funds In Record Volumes http://www.opalesque.com/Commodities_Briefing/?p=144062 http://www.opalesque.com/Commodities_Briefing/?p=144062#comments Wed, 26 Oct 2016 22:07:58 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144062 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144062>Article Link</a> Commodity Funds are hot as investors try to play catch up with the recent rally. Commodity investors have been rewarded for their patience this year. During the first half of the year, the price of gold rallied hard clocking up the best performance of any asset. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144062
Resistible rise: China’s currency conundrum http://www.opalesque.com/Commodities_Briefing/?p=144061 http://www.opalesque.com/Commodities_Briefing/?p=144061#comments Wed, 26 Oct 2016 22:07:46 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144061 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144061>Article Link</a> When Lehman Brothers imploded in September 2008, shaking the US financial system to its foundations, the dollar actually strengthened. Such is the privilege conferred by the world’s pre-eminent reserve and haven currency. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144061
Dollar Awaits Commodities Effect http://www.opalesque.com/Commodities_Briefing/?p=144044 http://www.opalesque.com/Commodities_Briefing/?p=144044#comments Wed, 26 Oct 2016 00:11:49 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144044 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144044>Article Link</a> On the economic data front today, investors have a break with no releases scheduled. Commodities from metals to energy have all received a lift after positive sentiment and optimism that the global economy is becoming more resilient than previously thought. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144044
EU’s common currency is anything but common http://www.opalesque.com/Commodities_Briefing/?p=144043 http://www.opalesque.com/Commodities_Briefing/?p=144043#comments Wed, 26 Oct 2016 00:11:37 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144043 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144043>Article Link</a> It was Voltaire who famously noted that, “Common sense is not so common.” His words come to mind when thinking about Europe’s “common currency,” as the euro is often dubbed. Since stabilizing in the first quarter of 2015, the euro has been in a trading range between $1.05 and $1.15 with a few minor stabs outside that box, in either direction. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144043
Another Day, Another Record Low for the Chinese Yuan http://www.opalesque.com/Commodities_Briefing/?p=144042 http://www.opalesque.com/Commodities_Briefing/?p=144042#comments Wed, 26 Oct 2016 00:11:20 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144042 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144042>Article Link</a> The currency’s weakness has revived memories of China’s surprise devaluation last August. China’s yuan hit its lowest since offshore trading was introduced in 2010 on Tuesday as the dollar remained strong across the board, trading near a nine-month high on expectations for a U.S. interest rate hike by year-end. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144042
China Is Allowing The Yuan To Decline - But Not Too Much, Please http://www.opalesque.com/Commodities_Briefing/?p=144025 http://www.opalesque.com/Commodities_Briefing/?p=144025#comments Mon, 24 Oct 2016 22:12:57 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144025 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144025>Article Link</a> China is not exactly an entirely free market economy as yet and one area where it definitely isn’t is in the exchange rate. This is what leads to those allegations of unfair trade practices and currency manipulation of course. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144025
Why Trump’s slide may be hitting the Chinese yuan http://www.opalesque.com/Commodities_Briefing/?p=144024 http://www.opalesque.com/Commodities_Briefing/?p=144024#comments Mon, 24 Oct 2016 22:12:45 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144024 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144024>Article Link</a> Chinese yuan fell to an all-time low offshore on Monday as Republican candidate Donald Trump’s slide in the polls emboldened Chinese officials to allow the currency depreciate more quickly, market strategists said. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144024
Pound’s fall fuels new bout of currency wars http://www.opalesque.com/Commodities_Briefing/?p=144009 http://www.opalesque.com/Commodities_Briefing/?p=144009#comments Mon, 24 Oct 2016 02:32:26 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144009 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144009>Article Link</a> The collapse of the British pound this year (22 per cent versus the euro) has thrown an improvised explosive device into the currency wars and complicated what has become a fairly cosy world of co-ordinated monetary policy. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144009
Zimbabwe in currency mess http://www.opalesque.com/Commodities_Briefing/?p=144008 http://www.opalesque.com/Commodities_Briefing/?p=144008#comments Mon, 24 Oct 2016 02:32:14 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=144008 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=144008>Article Link</a> Zimbabwe seems to be in a mess as a German company, Giesecke and Devrient, refused to print the country’s controversial new currency. The action of the company has forced President Robert Mugabe’s government to delay the introduction of the new currency amid worsening cash shortages. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=144008
Investors put off by Egypt’s tight control of currency http://www.opalesque.com/Commodities_Briefing/?p=143988 http://www.opalesque.com/Commodities_Briefing/?p=143988#comments Thu, 20 Oct 2016 22:13:08 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143988 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143988>Article Link</a> The IMF has expressed concern that if Egypt continues to control the exchange rate of the pound, bottlenecks in the economy that have been building up due to a scarcity of foreign currencies will only increase and scare away much-needed investment to help revive growth. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143988
Venezuela: Saving The Currency http://www.opalesque.com/Commodities_Briefing/?p=143987 http://www.opalesque.com/Commodities_Briefing/?p=143987#comments Thu, 20 Oct 2016 22:12:55 +0000 VRS http://www.opalesque.com/Commodities_Briefing/?p=143987 <br> <a href=http://www.opalesque.com/Commodities_Briefing/?p=143987>Article Link</a> Since their independence, Latin American countries have displayed a common fervor for populist socialism. Whether it is a residue of three centuries of European imperial rule, or simply a fondness for charismatic leaders – and an extraordinary talent for producing them – the widespread formula of clientelism and cronyism disguised as socialism has proven to have devastating consequences for the continent’s economic, social and political development. (more…)

]]>
http://www.opalesque.com/Commodities_Briefing/?feed=rss2&p=143987