The mainly south-east Asian countries have been spurred to defend the competitiveness of their currencies by China’s decision to in effect re-peg the renminbi to the dollar since July last year.
Simon Derrick, at Bank of New York Mellon in London, said: “Other Asian central banks outside China are naturally looking to aggressively defend their competitive edge against undesirable currency strength as the dollar weakens.”
Five & Dime
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FEEDI’m still keeping things light and mellow. I have just five short
positions, by way of September in-the-money put options. These positions
are as follows:
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