20 Jan 2015
Currency wars a dominate theme - Rabobank
FXStreet (Guatemala) - Analysts at Rabobank explained that indeed, currency wars are a dominant theme in today’s financial markets.
Key Quotes:
"As such the ECB’s intentions claimed a first victim last week, when the SNB abolished its EUR/CHF floor at 1.20 and the currency pair plunged."
"The “winners” in the modern-day currency wars have been the JPY and EUR, while the USD and CHF stands out as the big “losers”."
"So far US policymakers haven’t focused much on USD appreciation, in part because it has been offset by a nascent economic recovery and shale revolution. But the Fed may start to pay more attention, or at least lip services, as disinflationary pressures mount."
Key Quotes:
"As such the ECB’s intentions claimed a first victim last week, when the SNB abolished its EUR/CHF floor at 1.20 and the currency pair plunged."
"The “winners” in the modern-day currency wars have been the JPY and EUR, while the USD and CHF stands out as the big “losers”."
"So far US policymakers haven’t focused much on USD appreciation, in part because it has been offset by a nascent economic recovery and shale revolution. But the Fed may start to pay more attention, or at least lip services, as disinflationary pressures mount."