Although the yen has stayed weak against the US dollar, it has appreciated in trade-weighted terms in response to a slump in some emerging Asian currencies. Still, the yen’s real effective exchange...

The recent depreciation of the Indonesian rupiah and Malaysian ringgit against the dollar has left both currencies at levels not seen since 1998, but suggestions that this signals a re-run of the...

Weak productivity growth and rising wage inflation are likely to put upward pressure on unit labour costs in the US over the coming year, squeeze profit margins and cap the upside for the stock market...

There have only been three previous occasions in the last decade when the renminbi has depreciated to any meaningful extent against the dollar. On two of those occasions the performance of EM markets...