October 3, 2022
Relentless Dollar Rally Raises Bets on Interventions, Investors Say
The US dollar is expected to extend its gains, increasing speculation that governments will stage unusual market interventions to drive up the value of the currencies on the losing end of the trade.
Inflation in Europe Now Looks Even Less Transitory Than in US
When pandemic inflation took off last year, it was seen as more likely to stick around in the US — where stimulus was much bigger and consumer demand stronger — than in Europe. But the energy crisis has upended that picture.
Euro-area price increases have now outpaced the US for two straight months. The gap likely widened in September, when Europe-wide inflation hit 10% while in Germany it accelerated to 10.9%. US numbers aren’t due out for another 10 days.
Financial Stability Keeps Thai Rates From Rising Fast
The need for financial stability, one of the three main objectives of the Bank of Thailand, is keeping monetary policy makers in the Southeast Asian nation from raising interest rates too fast.
While trends in economic growth and inflation may support the case for a faster monetary policy normalization, doing so would unhinge financial stability, BOT Deputy Governor Mathee Supapongse said on Saturday, during an annual interaction with the media at a mountain resort 184 kilometers (114 miles) outside Bangkok.
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.