Posts Tagged ‘emerging markets’

Emerging Markets: Brazilian Real Falls on Risk Aversion; Argentine Peso Sink on Rates

by Christopher Lemieuxon May 21, 2014 4:27 am BST
Emerging market currencies are falling with growing geopolitical risk that stems from Ukraine to Thailand, which is causing market participants to develop a more defensive strategy in the risk currencies. The Brazilian real fell as swap rates on contracts maturing in January 2017 increased one bps to 12.01 percent. According to Joao Paulo de Gracia Correa, […]

Thai Bhat and Equities Fall On Growing Unrest

by Christopher Lemieuxon May 20, 2014 11:42 am BST
The Thai bhat and stock market fell due to ongoing unrest. The army has imposed martial law across Thailand as political unrest has swept the nation. The decision followed data that showed Thailand’s growth contracted .6 percent in the first quarter. The unrest began in November with protesters demanding the removal of elected leader Yingluck […]

Troubles for RBS Continue, Fined For Illegal Trading

by Christopher Lemieuxon April 22, 2014 9:39 pm BST
Royal Bank of Scotland (RBS) has come under fire with the impending global probe on forex manipulation, and now troubles worsen as the firm has been fined £460,000 by Hong Kong regulators due to illegal trading. Regulators state that RBS failed to detail unauthorized trades by one of their traders. The Hong Kong regulators pointed to […]

Gold Shorts Not a “Slam Dunk” According to Credit Agricole

by Christopher Lemieuxon February 26, 2014 8:46 am BST
Credit Agricole sees gold being maintained through China, being the largest gold consumer, as incomes expand. The firm does not believe gold will see the kind of action seen last year, and it is on the other side of Goldman Sach’s gold short thesis being a “slam dunk.” Davis Hall, global head of FX and […]