Report

Non-Japan Asia: NEERs and FX intervention

Olivier Desbarres

4X Global Research (4XGR)
March 26, 2021

Non-Japan Asian (NJA) central banks’ foreign currency (FX) reserves have gradually increased since end-March 2020, arguably the peak in global risk aversion.

We estimate that the aggregate US Dollar-value of FX reserves in China, India, Indonesia, Korea, Malaysia, Philippines,...

Become a member to read the rest of this article

4X Global Research

4X Global Research was founded in 2017 to provide institutional and corporate clients with the substantive research, high-quality analysis and thoughtful insight on Emerging and G20 economies and financial markets they need to make informed and timely decisions and gain an edge in their investments.

Subscribe to receive updates from 4X Global Research (4XGR)

Most recent by 4X Global Research (4XGR)

<img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png" />

report

July 23, 2021

Not “risk-on” or “risk-off”, rather What’s the risk?

In the past fortnight US Treasury yields across the maturity spectrum have oscillated in reasonably wide ranges, with the highs coinciding with the release on 13th July of US CPI-inflation data. The shape of the yield curve today is...

By Olivier Desbarres

4X Global Research (4XGR)

<img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png" />

report

July 19, 2021

Sterling’s coming home…albeit slowly

Despite buoyant domestic expectations (or at least hope) football will not be coming home after the England football team lost on penalties to Italy in Sunday’s final of the Euro Championship but Sterling is arguably coming home, albeit slowly. ......

By Olivier Desbarres

4X Global Research (4XGR)

report

June 29, 2021

Sterling leads Euro 1-0 at half-time in dull encounter but could extend advantage

With England due to play Germany in the last-16 round of the Euro Championships in a few hours time, now is a good time to revisit the Sterling-Euro exchange rate. Football fans will be hoping for... Become a member...

By Olivier Desbarres

4X Global Research (4XGR)

<img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png" />

report

June 22, 2021

Fed: Same game, different rules

The Federal Reserve at its policy meeting on 16th June, whether inadvertently or by design, reset financial markets’ clocks. The dust has since settled somewhat, with US short-end and long-end yields, the US Dollar and S&P 500 trading sideways...

4X Global Research (4XGR)

<img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img data-src='https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png' class='lazyload' src='data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==' /><noscript><img src="https://speevr.com/wp-content/uploads/2020/01/4xgr_square_logo_larger.png" />

report

June 9, 2021

Have hawks finally lost altitude?

Time and time again in the past five weeks US Treasuries and the S&P 500 have sold off and the Dollar rallied in the wake of hawkish US surprises only for markets to quickly unwind these moves. Volatility... Become...

4X Global Research (4XGR)