The
currency weakness spread to hit the South African Rand, Russian Ruble and
Mexican Peso while the Indian Rupee dropped to a new all-time low as a result
of the “risk off” atmosphere across global markets.
The
damage across the global markets has been far and wide following the Lira's
freefall, but it is the emerging market currencies and higher-yielding assets
that are up there as contenders to suffer the most from crippling investor
attraction towards taking on risk.
Some
emerging market currencies are still not used to the type of market volatility
that developed currencies can face, with some speculation already brewing that
emerging market central banks might step in to prevent further respective
currency weakness. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
We
fear that because the markets are being driven by “animal spirits” stemming
from external headwinds, there is very little these central banks can do and it
would risk concerning investors even further if they start pushing the “panic”
button.
Simply
put, for as long as investor sentiment remains driven by intense fears that
Turkey is in the midst of a currency crisis that the trend will remain “risk
off”. This means that global stocks will struggle to find buyers, while
emerging market stock markets and its respective currencies will suffer from
diminished investor attraction towards risk. Both the Japanese Yen and US
Dollar are likely to remain supported due to their safe-haven status.
The
Euro fell to a fresh 2018 low against the US Dollar in the early hours of
weekly trade, following another astonishing collapse in the Turkish Lira when
Asian markets opened this morning. Concerns remain that Europe is more exposed
to a Turkish crisis than investors have priced into the market. Europe is just
one of the markets that is at threat to a contagion knock-on effect from a
Turkish Lira crisis.
Fellow Nigerians, are you aware
that our crude oil will soon become useless? Yes, it will, in no distant time,
become valueless owing to the fact that the countries that rely on it as their
only source of energy are developing more affordable alternative sources of
energy. When this finally happens, what will we do? How are we currently
preparing for this imminent economic doom? Which other sector will continue to
stabilize our economy? Nigerians, the only solution is developing the agricultural
sector. In fact, this is the only solution. Very soon, the major source of
revenue will become agriculture and agro-exports. How are you positioning
yourself to play big in agro-export business? Why don’t you get a practical
manual that explains the stages of export trade from processing and packaging
of commodities to receipt of payment by the foreign buyers? Yes, arm yourself
with the contemporary trends in export trade. This manual explains export
operations, export management, export documentations and methods of payment in
export trade? Yes, it is a contemporary step-by-step guide to export trade. It
tells all the contemporary dynamics in export trade. To get it, click on the
link below:
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