The stress in EM FX has even got to one of most aggressive proponents of a competitive currency. … Officials seem to be downplaying the significance of the recent currency devaluation, characterizing it as “temporary” and expected to be reversed soon.
Such factors include economic and market conditions, political events and industrial sentiments, liquidity of secondary markets, level and volatility of interest rates, currency exchange rates, security valuations, competitive conditions and size …
For the high priests of the single currency, the renewed travails of Argentina and Turkey seem to vindicate all they have been trying to do. Countries that fail to engage in adequate supply-side reform, and instead constantly attempt to devalue and …
By forcing the likes of Portugal and Spain and Greece to become more competitive through internal devaluation–in other words through recession and collapsing imports–these countries have ended up putting downward price pressure on their eastern …
The CIO also points out that worries such as the devaluation of some countries' currencies, fears of a hard landing in China and political events such as elections are “inherent risk factors” in emerging markets but seem to be spooking markets …
And in Europe, we increased our market share, and hold the #2 position in the highly-competitive 601 and up segment. And we had our best year ever for new motorcycle sales in our Asia-Pacific markets. We, again, were the market …. Foreign currency …
"But if there are three months of 4% to 5% month-on-month inflation, this improvement in competitiveness will evaporate rapidly. If I devalue 15% and inflation rises 15%, I'm in the same spot as before." The government may be betting that crop exports …
The Argentine central bank intervened Monday, after allowing the 15 percent devaluation, to prevent the peso from falling even further. It was reported that the bank had to spend US$135 million of the country's … While workers are seeing their real …
We recaptured about half of the wine business that we lost to competitive activity in 2012 and our asset optimization efforts are on track and yielding about $40 million per year in savings on a run rate basis. While South America continues to generate …