Mon Oct 27, 2008 15:55 GMT |
Amid the continuation of the carnage on global financial market benchmarks in October, it has come to little surprise that emerging market currencies have universally suffered as investors shift asset allocations to perceived safe havens in the US and eurozone. Well, almost universally. One currency in the emerging Europe realm has failed to depreciate against… [Read more]
Tags: Emerging Europe, Foreign Exchange, FX, leu, Moldova
Posted in: Currencies, Emerging Europe, Eurozone, General
Wed Oct 22, 2008 16:31 GMT |
Literally within minutes of returning from an emerging Europe investment conference where the ad nauseam theme was that the ‘economic fundamentals are essentially sound’, I learn that the National Bank of Hungary has hiked its policy rate from 8.5% to 11.5% to prop up the currency. Well, the fundamentals must be sound if a central… [Read more]
Tags: Banks, Central Europe, currency, Emerging Europe, euro, Foreign Exchange, Forint, Hungary, monetary policy
Posted in: Currencies, Emerging Europe, Equities, Eurozone, Financials, General, Inflation/Deflation