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Focus has shifted to the European Central Bank and Bank of Japan after last year’s big increase in US borrowing costs
StanChart gets cheeky
Falling gas prices and easing fears of a deep, continent-wide recession in 2023 have brightened prospects for Europe
The monetary order is already being challenged by de-dollarisation efforts and central bank digital currencies
Falls in retail sales and wholesale prices ease pressure on US central bank and emerging markets
Currency is being driven by events outside the US as much as what happens inside its borders
BISantine accounting
In a world of geopolitical risks, economic pain and challenges to the US currency’s supremacy, transparency is essential
If only central banks could keep track of it
Billionaire says ‘peg no longer makes sense’ and ‘only a matter of time’ before it breaks
Antivorsprung durch Straffung
With the dollar carry trade unwinding, Chinese banks are bulking up
It’s not just about rates
Slowing price growth sparks speculation Fed will cool pace of rate rises
Investor moves to protect against foreign exchange volatility might be spurring unsustainable imbalances between countries
The currency is unlikely to weaken much until the Fed begins cutting interest rates
Not flying, falling without style
Virgin boss says UK holidays are ‘on sale’ for US tourists
The renminbi has fallen almost 12% against the US dollar this year
Trades by Brevan Howard and peers come after the US currency has already soared almost a fifth this year
Japan’s currency moves past ¥145.90 per dollar level that prompted action last month
Washington could help to weaken the currency without undermining the Fed’s effort to contain US inflation
A repeat of the multinational deal struck in 1985 to restrain a soaring greenback cannot be ruled out
Our two cents (/pence)
Greenback’s gain is a pain for US companies that derive their sales overseas
International Edition
