The Euro and the Japanese Yen rose as interest rate hike fears following the Jackson Hole Symposium fueled renewed risk aversion around financial markets.
Euro, Yen Rise as News-Flow from Jackson Hole... (full story)
China’s economy is slowing. Its stock market began to crash back in July. And, the volatility rocking financial markets has been widely linked to the recent yuan devaluations by China's central bank.
Speaking of that: “Surprise”... (full story)
On Tuesday (Aug. 11) China shocked global markets by devaluing its currency, the renminbi, by almost 2% -- "a move that could raise geopolitical tensions and weigh on growth elsewhere." (NYT)
Then on Wednesday, yuan fell some more.... (full story)
Remember how during the time of the Greek bailout a couple of weeks ago, the euro didn't seem to "know" which way to go next? There is a reason for that, says The Wall Street Journal -- carry trade:
"The tried-and-tested carry... (full story)