Sobel on unsound dollar intervention, OMFIF appoints new chief executive, and more

Banking, Comment, Finance, Markets, Reports, Statistics, Stock Markets, Trade and Commerce — By on July 20, 2019 at 10:28 AM

USA’s President Donald Trump

Sobel on unsound dollar intervention, OMFIF appoints new chief executive, and more


Latest opinion and analysis from OMFIF around the world

5-19 July 2019, Vol.10 Ed.29

Most-Read Commentary

Trump’s unsound dollar intervention idea: Markets are abuzz with rumours President Donald Trump will order the US Treasury to intervene in foreign exchange markets to weaken the dollar. Intervention is presently unjustified by macroeconomic and market conditions. An effort to weaken the dollar could cause global financial turmoil, writes Mark Sobel.

Euromoney’s Orchard goes to OMFIF: John Orchard, 49, managing director of the banking and finance group at Euromoney Institutional Investor, has been appointed chief executive of OMFIF, signalling expanded ambitions at the international central banking think tank. Orchard will join OMFIF on 1 January 2020. Read more.


‘Japanification’ of monetary policy: Policy-makers appear ill-equipped to deal with the paradigm shift occurring in major economies, writes Neil Williams. Their traditional functions having faltered, central banks are turning dovish. There is precedent in Japan, which is approaching its 22nd year of policy-loosening without convincing inflation. Read more.


Towards new de facto gold standard: Last year, 22 central banks bought the largest amount of gold since 1967. The precious metal is making a remarkable comeback to the world financial system, and a new ‘de facto’ gold standard is being born without any formal pronouncements by world leaders, writes Willem Middelkoop. Read more.


Lagarde not a token female candidate: ‘Christine Lagarde is not a token female candidate; she comes to the table with all her experience leading large institutions, including in times of crisis. This is going to be important in the next few years as she takes the helm at the ECB,’ said Kat Usita, OMFIF deputy head of research, in an interview with CNBC. Read more.

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