Who is Volcker?

Who is the Volcker behind the Rule? Paul Volcker was Chairman of the Federal Reserve under Jimmy Carter and Ronald Reagan, from August 1979 to August 1987 (eight years).

The Renminbi Saga Continues

The US tussle with China over exchange-rate policy is being joined in by Brazil and India central banks for a stronger Chinese currency. Henrique Meirelles, described China as distorting the world economy. If China revalues, other Asian currencies may also strengthen.

18 Months after Bottom of Financial Crisis

Obama attempts reforms.

Loonie Standoff against the Dollar

The Loonie has touched parity with the Greenback for the first time in 2 years. This is partly due to the OECD forecast that Canada’s GDP would grow faster than any other G7 country during the first half 2010. 1CAD = 0.998004 USD (i.e. just under parity).

China's Three Principles on Currency Policy

Currency Policy of China:

* any change must be controlled
* it must be Beijing’s own initiative
* any shift must be gradual.

Will Deficits Dictate Currency Markets?

Speculation spreads that countries with huge deficits like the UK, US and Japan, will see their currencies suffer relative to countries with healthier budgets (i.e. non G4 versus G4 currencies such as EUR/AUS). G4 = Eurozone, UK, US and Japan, which all have interest rates near zero. But what about intra-G4 exchange rates?