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The trade war between Russia and the West rumbles on
Moscow claps back with seizure of European utilities firms
Is the USD losing ground as the world’s favorite reserve currency?
The USD’s share of global reserves fell rapidly in 2022
Hedge funds think the USD has farther to fall
The greenback hit its lowest level in a year last week
THIS EVENING: EGP slips against the USD + Blinken demands Russia renew
Good afternoon, friends, and a very happy THURSDAY to us all. It’s relatively calm on the news front today —…
The USD is rebounding on raft of strong economic data
The USD is up some 3% against a basket of six other major currencies so far this month
More EMs in the devaluation zone + IMF sounds alarm on rising public debt in MENA
Will other emerging markets follow Egypt, Pakistan and Lebanon on the devaluation trail? Analysts now see Argentina, Nigeria, Malawi, Ethiopia…
EGP most vulnerable EM currency, says Nomura
The EGP might not be out of the woods yet: Japanese bank Nomura thinks that Egypt is the most vulnerable…
THIS MORNING: We could see some final contracts being signed for green hydrogen projects by 2Q 2023, says El Said
Good morning, friends, and happy End of COP27. We have a roundup this morning in the news well, below, along…
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