While we believe that temporary factors have amplified the drop in services inflation, the ECB will likely worry about potential second - round effects of lower oil prices and
currency appreciation on the price of some other (non-energy) goods and services, including on Non-Energy Industrial Goods inflation which fell sharply, from 0.7 % to 0.3 % in February.
Not exact matches
Since Japan is reliant
on selling cars and electronics to the world, that
currency appreciation did serious damage.
The central bank also released its latest quarterly report
on the economy, which says, «export growth will be limited by the recent
appreciation of the Canadian dollar, alongside that of the U.S. dollar, vis - à - vis most other
currencies.»
«The rapid
appreciation of Bitcoin and others is somewhat surprising in light of some developments that seemingly would have put downward pressure
on the
currency,» another group of Morgan Stanley analysts wrote, citing the SEC's rejection of a Bitcoin ETF, among other factors.
You may disagree with Krugman's analysis, but it's a little disingenuous to try to denigrate and dismiss Thomas Mulcair's economic ideas when they're based
on Nobel prize winning work in economics (the intellectual case, that is; the factual case that this phenomenon is occurring today, in Canada, is purely a question of whether the
appreciation of our
currency is based
on the oil and gas boom and whether a high dollar results in lower exports in other sectors, both of which you seem to have admitted are accurate.)
On the other hand, the recent
appreciation of the yuan against a basket of
currencies created by the Chinese government, is mainly artificial.
When you invest in Bitcoin (or gold, or the price of oil, or other commodities, or any other
currency, or fine art), you are betting the farm
on price
appreciation alone.
CAPITALIZING
ON GLOBAL BONDS &
CURRENCY OPPORTUNITIES Templeton Global Bond Fund seeks current income with capital
appreciation and growth of income by investing predominantly in bonds of governments and government agencies around the world.
«From a long - term view, the renminbi remains a strong
currency,» Ms. Zhang said, adding that «in the future, the renminbi will be back
on the
appreciation track.»
Domestic inflationary pressures, associated with higher wages and incomes, will lead to higher inflation for non-tradable goods and services but, at the same time, the gradual pass through of the initial exchange rate
appreciation will lead to lower inflation for tradable goods and services (whose prices in foreign
currency terms depend to a significant extent
on global considerations).
But that is what an
appreciation in the price of gold is based
on; paper money has to fall in value, due to a lack of confidence in the economic stability of the government of the country that issues the
currency.
That was particularly dramatic in 2015, when US and international equities posted only modest returns in their native
currencies but netted close to 20 % for Canadians
on the strength of the
currency appreciation.
Depending
on which countries you include in the analysis, the expected real exchange rate
appreciation in a basket of emerging market
currencies should be about 50 bps annually.
Based
on current positioning, we expect the All Asset strategies to benefit from the following return tailwinds: a stable to rising breakeven inflation rate, appreciating EM
currencies, convergence of EM - to - U.S. cyclically adjusted price / earnings (CAPE) ratios toward longer - term averages, and
appreciation of global value stocks from today's elevated discounts toward longer - term norms.
On a related note, emerging market
currency appreciation can be both a great source of returns and diversification.
Look closer though & there's a couple of mitigants: i) The government's rather silly prudence has probably been a negative, when most investors would prefer a focus
on growth at all costs, and ii) the advantage of the pound's significant decline vs. the US dollar (& other global
currencies) is offset by an equally significant
appreciation vs. the euro.
For the period ended May 31, 2011, the effect of warrants with equity risk exposure held of $ (125,221,529), $ 304,186, and $ (205,075) for the Fairholme Fund, the Income Fund, and the Allocation Fund, respectively, is included with Net Change in Unrealized
Appreciation / Depreciation
on Investments and Foreign
Currency Related Transactions
on the Statements of Operations.
Net Change in Unrealized
Appreciation on Investments and Foreign
Currency Related Transactions
Net Change in Unrealized
Appreciation (Depreciation)
on Investments and Foreign
Currency Related Transactions
The results can be attributed to the U.S. dollar
appreciation, as the S&P 500 ended 2015 almost flat
on a
currency - neutral basis.
The premium for
currency exposures in EMD has probably never been as small as it is today, meaning the reliance for a superior return must be almost solely
on currency appreciation.
If my assumption is correct then the yuan must be pulling up the weighted value of the foreign
currencies relative to the US dollar because when I plot VEA and VTI against each other
on google finance they tend to be highly correlated at the moment and over the last month do not show a drop one might expect due to the
appreciation of the US dollar due to the flight to safety phenomenon that has occurred.
Our core
currency (FX) exposure positively contributed as well, in spite of USD
appreciation as our JPY exposure benefitted amidst a flight to quality
on the heels of renewed equity market volatility.
Billable hours increased by 3 %, as the firm said that
on a constant
currency basis its revenue climbed 5 %, highlighting the
appreciation of the dollar against many
currencies.