TNT
Fairydust63:
I had an interesting day. I went to the bank and asked about the Vietnamese dong rate. The teller asked how much I had and entered info into the computer. Her eyes got as big as a saucer! Before she could write down the rate, it all disappeared from the screen. That's still the best experience I've had thus far so I'm excited!
RVAlready:
The can has been kicked down one road, then another, since at least 1990. Everything got dumped into RV/GCR. Hopefully, this will deliver a resolution soon. We sure need one.
Troy:
I just wanted to share some thoughts. I wish you all an amazing day:
From love in bliss, forgiving of self and others, for the giving of self and others, for there is so much more than enough to go around, so much abundance, for you are abundant, and you deserve to have all of your dreams come true,
AND something even better, for the greatest good of all involved, with health, wealth and abundance, flooding into your life like an avalanche!!!
Harambe:
CNBC: Some EM currencies look appealing as the Fed mulls rate cuts (Rupiah) (7/8/19)
Investors should be looking to buy emerging market currencies against the U.S. dollar, two analysts told CNBC on Monday.
Those calls come as the U.S. Federal Reserve appears to be seriously considering cutting U.S. interest rates. As dollar-based investments begin to yield less interest, that may weaken the greenback against the currencies of higher-interest countries — including many in the developing world.
"What we see now is that the dollar is probably topped out against a number of the emerging market currencies," said Mike Ryan, chief investment officer for the Americas at UBS Global Wealth Management.
"We do think there is a basket of emerging market currencies that look appealing as the Fed is poised now to begin cutting rates as opposed to raising rates," he told CNBC's "Street Signs."
This does not signal broad-based U.S. dollar weakness, he added, noting that other developed-country central banks are also looking to pivot on rate policy.
Khoon Goh, head of Asia research at ANZ Bank, echoed that view.
"We already have the (Australian and New Zealand central banks) easing, so I think we're in this situation where carry trades will very much come back into vogue," he told CNBC's "Squawk Box."
The term "carry trade" refers to a strategy in which investors borrow in a currency with low interest rates in order to purchase assets in a currency with higher interest rates. That way, they can earn from their investments in another currency while paying less interest on the amount borrowed.
Goh said ANZ continues to favor some currencies in Asia such as the Indian rupee and the Indonesian rupiah. Benchmark interest rates in India and Indonesia are 5.75% and 6%, respectively, compared to the Fed's target between 2.25% and 2.5%, according to Trading Economics.
The picture in terms of the U.S. dollar index is "a little bit more muddy," but it's clearer for high-yielding currencies of countries with a "compelling growth story" or scope for economic reforms that will spur foreign inflows, he added.
https://www.cnbc.com/2019/07/09/why-experts-are-favoring-emerging-market-currencies.html?
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
Fairydust63:
I had an interesting day. I went to the bank and asked about the Vietnamese dong rate. The teller asked how much I had and entered info into the computer. Her eyes got as big as a saucer! Before she could write down the rate, it all disappeared from the screen. That's still the best experience I've had thus far so I'm excited!
RVAlready:
The can has been kicked down one road, then another, since at least 1990. Everything got dumped into RV/GCR. Hopefully, this will deliver a resolution soon. We sure need one.
Troy:
I just wanted to share some thoughts. I wish you all an amazing day:
From love in bliss, forgiving of self and others, for the giving of self and others, for there is so much more than enough to go around, so much abundance, for you are abundant, and you deserve to have all of your dreams come true,
AND something even better, for the greatest good of all involved, with health, wealth and abundance, flooding into your life like an avalanche!!!
Harambe:
CNBC: Some EM currencies look appealing as the Fed mulls rate cuts (Rupiah) (7/8/19)
Investors should be looking to buy emerging market currencies against the U.S. dollar, two analysts told CNBC on Monday.
Those calls come as the U.S. Federal Reserve appears to be seriously considering cutting U.S. interest rates. As dollar-based investments begin to yield less interest, that may weaken the greenback against the currencies of higher-interest countries — including many in the developing world.
"What we see now is that the dollar is probably topped out against a number of the emerging market currencies," said Mike Ryan, chief investment officer for the Americas at UBS Global Wealth Management.
"We do think there is a basket of emerging market currencies that look appealing as the Fed is poised now to begin cutting rates as opposed to raising rates," he told CNBC's "Street Signs."
This does not signal broad-based U.S. dollar weakness, he added, noting that other developed-country central banks are also looking to pivot on rate policy.
Khoon Goh, head of Asia research at ANZ Bank, echoed that view.
"We already have the (Australian and New Zealand central banks) easing, so I think we're in this situation where carry trades will very much come back into vogue," he told CNBC's "Squawk Box."
The term "carry trade" refers to a strategy in which investors borrow in a currency with low interest rates in order to purchase assets in a currency with higher interest rates. That way, they can earn from their investments in another currency while paying less interest on the amount borrowed.
Goh said ANZ continues to favor some currencies in Asia such as the Indian rupee and the Indonesian rupiah. Benchmark interest rates in India and Indonesia are 5.75% and 6%, respectively, compared to the Fed's target between 2.25% and 2.5%, according to Trading Economics.
The picture in terms of the U.S. dollar index is "a little bit more muddy," but it's clearer for high-yielding currencies of countries with a "compelling growth story" or scope for economic reforms that will spur foreign inflows, he added.
https://www.cnbc.com/2019/07/09/why-experts-are-favoring-emerging-market-currencies.html?
Source: Dinar Recaps
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
0 Comments: