The renminbi rises
2nd January 2008 by

I noted in late November that China’s policy towards its currency might be changing. Now we have e...

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The yuan also rises
20th December 2007 by

Bloomberg reports today that China’s yuan has now risen 12% against the US$, since the dollar peg ...

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Asian chemical markets can’t decouple
3rd December 2007 by

Its 2 months since I was last in Asia. It is clear that earlier optimism about the region’s resili...

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A tale of two worlds
23rd August 2007 by

It used to be said that ‘if the US sneezes, the rest of the world will catch a cold’. Well, the ...

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Oil prices and the euro
24th July 2007 by

The US dollar has been falling steadily in recent weeks. It is particularly weak against the euro, h...

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2008 Budgets just became more difficult to finalise
17th July 2007 by

Central bankers are like generals. They seem to prefer fighting their last war, rather than preparin...

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4 risks to the world economy
3rd July 2007 by

The latest report from the ‘central bankers’ bank’ provides an excellent analysis ...

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The 10th anniversary of the Asian financial crisis
22nd June 2007 by

2 July 2007 marks the 10th anniversary of the Asian financial crisis, which began with the devaluati...

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