Currency Wars

hiho

hiho

Active Member
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http://www.cnbc.com/2015/08/19/vietnam-devalues-the-dong.html

The State Bank of Vietnam (SBV) devalued the dong (VND) by 1 percent against the dollar on Wednesdayits third adjustment so far this yearand simultaneously widened the trading band to 3 percent from 2 percent previously, the second increase in six days.
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http://money.cnn.com/2015/08/20/investing/kazakhstan-tenge-currency/

Kazakhstan's tenge plunged an incredible 23% on Thursday after the government allowed the currency to float freely.
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Over the last week the AUD has fallen 6c against the JPY, why didn't I convert last week when I planned to?! :'(
 
col0016 said:
Over the last week the AUD has fallen 6c against the JPY, why didn't I convert last week when I planned to?! :'(
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Because we are born procrastinators and never think about a few cents here or there.
The one time i did not procrastinate (and it is in the forums somewhere here) was buying physical USD and the $1.14 NZD mark.
Well here we are are $1.51NZD and pretty happy with that:)
 
China has cut interest rates for fifth time in nine months

China cut interest rates for the fifth time in nine months on Tuesday, in a new effort to shore up slowing economic growth. The central bank said the benchmark rate for a one-year loan would be cut by 0.25 percentage point to 4.6 per cent and the one-year rate for deposits would fall by a similar margin to 1.75 percent.
The bank also increased the amount of money available for lending by reducing the minimum reserves banks are required to hold by 0.5 percentage point.
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http://www.cnbc.com/2015/08/25/chin...46-lowers-reserve-requirements-for-banks.html
 
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