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’Chinese CNH – YOURS!
Something is happening in China.
That’s the ominous title of an FX note posted by George Saravelos of Deutsche Bank on Friday morning.
It seems something is up in the big emerging market arbitrage window of the sky known as the onshore/offshore Chinese currency market.
Some euro banknotes are more equal than others
With market chaos still firmly gripping the eurozone system, it may be time to tackle the next possible hotspot – the issue of eurozone settlement mechanics.
Luckily for us, John Whittaker, an economist at the University of Lancaster,
What will Switzerland do with all those euros?
While the scale of Switzerland’s forex intervention on Tuesday caught many people off guard, what’s also caused a bit of bother is seemingly the interpretation of the move.
A key observation, for example,
SNB euroquake, the analyst reaction – part one
The SNB has come out all guns blazing on Tuesday in a bid to weaken the Swiss franc.
And it’s the use of some key expressions that really stands out. Among them, “acute threat”, “no longer tolerate”
Hedge commodities in euros from Monday
Olivier Jakob, at Petromatrix (who we know we quote a lot, but only because he really does constantly come up with interesting points) alerts us to the fact that from Monday onwards investors will be able to trade euro-denominated contracts on certain Nymex energy products.
Make no mistake, the ‘Baltic Three’ are in the dock
While Latvia’s central bank stands firm in the face of adversity singing a united chorus of “we shall not devalue, we shall not devalue,” all indications still remain that they will.
First proof of the inevitable comes in the form of the Latvian interbank overnight rate,