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Morocco's currency has fallen 6.5% against the US dollar since late July, making the country cheaper for American visitors and US goods dearer for Moroccans. The post Morocco’s Dirham Drops 6.5% Against Dollar Since August appeared first on The Rio Times.
Nomura is turning more bullish on South Korean bonds, raising its conviction level on receiving a 5-year Korea non-deliverable interest-rate swap position starting in 2027.
National Economic Council Director Kevin Hassett says higher long-term rates can reflect underlying economic strength. Speaking to Mike McKee and Dani Burger on Bloomberg Open Interest, Hassett calls the government’s debt-interest burden unacceptably high but says the administration is serious about deficit reduction. (Source: Bloomberg)
Edward Yardeni, president at Yardeni Research, says the rise in yields “might be the revenge of the bond vigilantes” and explains why he finds good and bad news in the rapid repricing of the bond market. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Seema Shah, chief global strategist at Principal Asset Management, discusses the impact of higher oil prices on inflation, Federal Reserve monetary policy and investment portfolios. "Assuming that oil prices remain at around $100 a barrel until the end of the year has to be part of the decision-making process when we're thinking about portfolios," Shah tells Bloomberg Television. (Source: Bloomberg)
Used condominium prices in Tokyo dropped for the first time in more than two years in August as rising mortgage rates start to weigh on sentiment among home buyers, according to a research firm.
Tokyo, Sept. 18 (Jiji Press)--The Bank of Japan decided to raise its policy interest rate by 0.25 percentage point to around 1.25 pct, the highest level in about 31 years, at a two-day meeting of its Policy Board that ended Friday. The last time the policy rate stood at 1.25 pct was back in April 1995. The board voted seven to two to implement its first interest rate hike in three months...
Bond traders are pricing in a Federal Reserve interest-rate hike Wednesday with a level of conviction that has proven right for decades. Interest-rate swaps tied to Fed meeting dates show traders see more than a 90% chance that Fed Chairman Kevin Warsh and his colleagues will lift the benchmark policy rate by a quarter point from the current 3.5%-3.75% range. That equates to roughly 23 basis points of tightening priced in. Kitty Richards Senior Fellow at the Groundwork Collaborative joined Balance of Power saying it will be difficult for the Fed to not raise rates. (Source: Bloomberg)
Crude shipments jumped the most since May as strikes on Saudi infrastructure drove up oil prices
Will Bank’s January liquidation left Mastercard holding around R$2.5 billion of unprocessed card transactions. No lawsuit was ever filed. The post What the Will Bank Collapse Cost the Card Networks appeared first on The Rio Times.
Peruvian diesel stood at US$7.40 a gallon against a regional range of about US$3.00 to US$6.00, with no subsidy and Brent above US$100. The post Peru Pays the Highest Diesel Price in Latin America appeared first on The Rio Times.