Category: McGeever
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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China’s FX conundrum mutes stimulus optimism: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…
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Column-US rate shift infects dollar, but prognosis isn’t terminal: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – The dollar has been hit hard by aggressive repricing of U.S. interest rate expectations but it is likely too early to write off the greenback. The dollar is currently at its weakest level this year against a basket of major and emerging market…
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Funds go long yen for first time in four year: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – Speculative carry trades funded in Japanese yen have completely declined, according to one measure. The latest data from the Commodity Futures Trading Commission shows that hedge funds and speculators have reversed their short positions in the yen and are now net long in…
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Column-Asian FX at crossroads as yen, yuan diverge: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – Japanese and Chinese monetary policies are diverging, meaning other Asian currencies may now be at a crossroads, too. But are currencies like the South Korean won, Indian rupee and Indonesian rupiah affected by a stronger yen, supported by expectations of tighter monetary policy…
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Dollar is only winner from China-West trade war: McGeever By Reuters
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By Jamie McGeever ORLANDO, Fla. (Reuters) – The U.S. dollar may be the only “winner” from a potential all-out trade war between the West and China. Uncertainty over global trade policy is the highest since 2018-2019 when clashes between the administration of former US President Donald Trump and Beijing reached…
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Column-Dollar is only winner from China-West trade war: McGeever By Reuters
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Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – The U.S. dollar may be the only “winner” from a potential all-out trade war between the West and China. Uncertainty over global trade policy is at its highest since 2018 and 2019, when tensions between the Trump administration and Beijing peaked. It…