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29 Sep 2023

Global currencies vs. the dollar last 10-years % change

Source: Charlie Bilello

28 Sep 2023

HAVE YOU EVER HEARD ABOUT DE-EUROIZATION ?

Based on SWIFT international payments, we are witnessing 'de-euroization' and not 'dedollarization. The euro's share in SWIFT global payments has dropped to 23% from 38% at the start of the year. Are Russia's SPFS and China's CIPS eating up the euro? Meanwhile, China's share in SWIFT payments reached an all-time high of 3.47% in August. Source: HolgerZ, Bloomberg

7 Jun 2023

Bank of Canada raises key rate by 25 bps to 4.75% vs. 4.5% est.

The Bank of Canada defied expectations by restarting its interest-rate tightening campaign, saying the economy is running too hot.

Source: Bloomberg

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