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Matthew R

Bundesbank's Dombret defends German trade surplus - 1 views

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    Andres Dombret has defended Germany's trade surplus. In recent weeks Germany has been criticized for their extremely high trade surplus due to the mass amounts of exports they ship out. Their Current accounts surplus ended up being at 19.7 billion, the highest in the world. Officials are saying they are hurting the Global Economy with this and that they need to boost their domestic demand. What do you think?
Jina K

Thai Baht Climbs as U.S. Shutdown Cuts Dollar Demand; Bonds Rise - 0 views

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    Thailand's baht appreciated extending a rebound from last month's three-year low to 4 percent, as U.S. lawmakers' failure to resolve a budget issue decreased demand for the dollar. Thailand also sees an increase in exports shipments of 3.9 percent in August, allowing the country to see a current-account surplus of $1.3 billion for the month. This shows how currencies can appreciate as an effect of another country's depreciation. Here, we US dollar depreciating due to less demand for it. Moreover, Thai baht also increases, supported by a current-account surplus.
Kyuhwan L

S Korean won tumbles after Seoul warns of intervention - 0 views

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    Asian markets have been hit with news of a liquidity squeeze in China's markets, but the South Korean won has hit a two year high. The country's current account surplus and the popularity of its bonds is strengthening the currency. However, because Korea is a heavily dependent export country, the government is intervening to stymie the growth of the won. In fact, the central bank has bought 2 billion dollars worth of the won to reduce the growth.
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