Taking stock of 2016 in foreign exchange
Posted on January 12, 2016 at 11:03 am GMTThe first 7 trading days of 2016 have featured some very significant moves in currencies and other financial markets. The two main themes that appear to be driving markets are the weakness in the Chinese stock market and the currency (the yuan) as well as fresh record lows in the price of oil. Oil for example has already fallen by around 20% since the beginning of the year and is now challenging the $30 a barrel level – the lowest [..]