Although currency impacts played a huge role in international outperformance, volumes were higher by 20 %, even when measured in local currencies.
Not exact matches
Although the U.S. dollar value of Yandex's U.S. dollar - denominated assets and liabilities was not
impacted by these
currency fluctuations, they resulted in a downward revaluation of the ruble equivalent of these U.S. dollar - denominated monetary assets and liabilities in Q1 2018.
The most obvious
impact on emerging market fixed income and
currencies may be felt in countries with direct trade or financial linkages with the UK,
although we also expect the rest of EM to be affected via higher global risk - aversion.
Although manufacturing overcapacity is certainly a problem, much of it is in areas in which global demand has simply collapsed, and isn't coming back, and so a cheaper
currency would have little
impact beyond temporarily reducing excess inventory, which is not enough of a benefit to justify the many costs of a weaker
currency.
Although bulls have presented the rosy outlook for this year, the largest coin along with other digital
currencies needs a push from market activities that should have a long - lasting
impact on fundamentals.
Brexit headwinds continue to
impact the
currency,
although relatively cheap valuations can provide some buying opportunities.
In many cases, it appears that possible negative
impacts of climate change pose risks of higher total monetary damages in industrialised areas (i.e.,
currency valuations of property damages) but higher total human damages in less - developed areas (i.e., losses of life and dislocations of population)--
although such events as Hurricane Katrina show that there are exceptions (Section 7.4.2.5) for developed countries, and monetary damages in developing countries may represent a larger share of their GDP.