Currency
Commenting live on Ray Dalio's views is never going to be easy. While we wouldn't add to gold at these levels, over the medium term we see inflation as a key global risk that is under-priced and could undermine major currencies' real values. We explain why in the following Bloomberg interview.;
Currency
It's now three years since the UK's vote to leave the European Union. Against the backdrop of ongoing political uncertainty, I talked to Bloomberg about the prospects for sterling. Brexit blues have once again taken hold, with the pound down 5% since the start of May, so is it now time to buy with all the bad news reflected in the price?;
Currency
Following the recent price action in emerging markets (EM), we zero in on the effect that currency can have on your EM bond portfolio’s performance. But how much of currency investing is a watertight science, and how much is carried by the wave of popular opinion?;
Currency
The Hong Kong dollar is tied closely to the US dollar. Monetary policy made in Washington therefore applies directly in Wan Chai and Kowloon. In recent months, the Hong Kong Monetary Authority has been obliged to shrink its balance sheet rapidly to maintain the fixed exchange rate. This serves as a real-life policy experiment of the effects of quantitative tightening in a financial system. So far, nothing has blown up, but Hong Kong equities have been under pressure as financial conditions have tightened.;
Currency
The new US administration has threatened to label China a "currency manipulator". This label has little direct impact, but could be the trigger for a series of further protectionist steps such as tariffs and quotas. However, on the US government's own criteria, the accusation cannot be justified. If it happens, it would suggest that populist policymaking now rules the roost at the White House.;
Currency
Can investors exploit "value" and "interest" signals to guide their foreign currency allocation? The answer to both looks like a decisive yes. These concepts can be used to help guide currency investments. In the wake of the post-Brexit vote sterling slump, they caution us to be nervous about the strong dollar hype.;
