Fed’s Dudley Concerned About Downside Risk on US Inflation – Reuters The drop in oil prices and a strong dollar have raised the risk of U.S. inflation expectations heading lower, hampering actual inflation from reaching the Federal Reserve’s 2 percent goal, a Fed official said on Friday.
China to Start Implementing RRR for Offshore Banks’ Domestic Deposits – Reuters China’s central bank said on Monday it will start implementing a reserve requirement ratio (RRR) on offshore banks’ domestic deposits, in what appears to be its latest attempt to stem speculation in the yuan and manage money flowing in and out of the country.
Dollar Gains on Exodus from EMs – Financial Times (subscription) The dollar exuded calmness in a tense week for currency traders, though it gained strength more from investors turning their face against emerging market FX than outright optimism in the US economy.
Italy Versus Germany: Europe’s Latest Fault Line – Wall Street Journal (subscription) Rome’s discontent reflects the view that rules of the EU game are rigged in Berlin’s favor.
Bitcoin Declared An “Inescapable Failure” – Forbes Bitcoin, a distributed and decentralised digital currency dubbed “the currency of the Internet”, has been declared a failure by one of its most ardent supporters and developers.
Winding Up Forex Traders, One Year On – Financial Times (subscription) Winding up currencies traders is good fun, and very easy. One way is to say that someone from compliance rang for them. Something to do with electronic chat rooms? Anyway, call them back.
Hong Kong’s Central Bank Says Has No Plan to Change Currency Peg – Reuters The head of Hong Kong’s central bank said on Monday it has no plans to change the Hong Kong dollar’s peg to the U.S. currency despite recent volatility in the market.
Switzerland: A Test Case for Currency Shock – Wall Street Journal (subscription) A year after the Swiss central bank scrapped its policy of limiting the value of the franc, the Alpine country has become a test case for the economic effects of a starkly stronger currency.
Angola’s Dollar Shortage Deepens – ThisisAfricaonline (Registration) Plummeting oil prices are pushing the kwanza, Angola’s currency, to record lows. Black market exchanges are stepping into the breach.