ORIX Corporation (ORIX) is an integrated financial services group which is engaged in providing leasing, lending, rentals, automobile leasing and rentals, life insurance, trust and banking, and real estate services. The group operates in ...
The dollar is mixed against the majors. The euro and pound were little changed, at $1.2730 and $1.6130. The dollar is outperforming against the Scandies, especially the Norwegian krone, but it is flat against the yen at ¥108.10. The Canadian dollar and Australian dollar are outperforming on the day. In the EM space, Brazil closed 2.5% stronger yesterday, while most EM currencies are trading today with a stronger tone, notably TRY and IDR. On the other side of spectrum, RUB continues to underperform. The MSCI Asia Pacific index gained 1.3%, while EuroStoxx is up about 0.5% near midday.
Mario I. Blejer is a former governor of the Central Bank of Argentina and former Director of the Center for Central Banking Studies at the Bank of England. Eduardo Levy Yeyati is Professor of Economics at Universidad Torcuato Di Tella and Senior Fellow at The Brookings Institution.