Dollar slides, currencies appreciate

This is a news story, published by CNBC, that relates primarily to the Swiss franc news.

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Currency devaluation

CNBC

•

Business

Business & Economics

As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not

Summary

Nutrition label

85% Informative

The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world.

The drop in the greenback has led other currencies to appreciate against it, especially safe havens such as the Japanese yen, the Swiss franc as well as the euro.

Currency devaluation is likely to be more of an active consideration across emerging markets, particularly in Asia .

The Swiss National Bank has grappled with a strong franc for much of the past 15 years .

Devaluing the currency poses the risk of stoking price growth and monetary authorities will be wary of inflation staying above their targets.

Whether a country can devalue its currency is influenced by several factors: the size of its FX reserves, exposure to foreign debt, its trade balance and sensitivity to imported inflation.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful