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In case you missed it: Race to the monetary bottom

9 August 2019

With the yuan 'cracking seven', it’s becoming clear China is going to fight this trade war hard. Meanwhile, the President has been cranking up pressure on the Fed and with three Asian central banks making pre-emptive moves, we think it's just a matter of time till the Fed succumbs. In other news, Saudi comes to rescue oil prices and it's all kicking off in Italy

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In this bundle

US FX intervention: What are the chances?

A further tirade from President Trump over the strong dollar begs the question whether he’s prepared to weaken it through FX intervention? We would…

United States

President Trump and the Fed - we've changed our view

President Trump is ratcheting up the pressure on the Fed to support his efforts on extracting concessions from China on trade. Policymakers appear…

FX China

Revising yuan forecast

We are revising our USD/CNY forecast following the Chinese government's decision to allow the yuan to cross the 7 handle

Italy

Three political scenarios for Italy with FX and rates implications

The collapse of Italy's ruling coalition opens the way for three possible scenarios: new elections, an extension of the current coalition or a new…

Watch: Two key market implications of the US-China FX war

USD/CNY has been allowed to trade above 7 for the first time since the Global Financial Crisis. ING's Chris Turner says there are two key market…

Norway

Norway: Rates and Saudis hold the key for the krone

The Norwegian krone has been battered by tumbling oil prices and rising risk aversion. Saudi’s intervention in the oil markets and a possible…

Quick take

China

China: Exports better than expected with unusual jump in some items

China's exports were better than expected in July, even seeing positive growth. But we found some unusual export activity, which may have distorted…

3 Central banks cut 110bp yesterday - who's next?

It's all kicking off in Central Bank space with three cuts yesterday from the Bank of Thailand, Reserve Bank of India and the Reserve Bank of New…

Yuan USDCNY US Trade wars Trade War Rates President Trump Philippines Oil Norges Bank NOK Italy FX Forecasts Federal Reserve Board Federal Reserve

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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