Peter Clifford

The surprise move by the People’s Bank of China (PBOC) to weaken the Chinese yuan by nearly two percent against the U.S. dollar on August 11th was met globally with shock. Red ink was flowing on Wall Street and on stock markets worldwide. The effects are sure to hit Main Street in the coming weeks […]

If there is one thing you can count on in global currency markets, and in emerging markets in particular, it is exchange rate volatility. The present sell-off in emerging market stocks and currencies, as evidenced by the chart below compiled with data from Oanda.com, is certainly eye opening, but in no way unprecedented. What is […]

For most U.S. business owners, it makes sense to put foreign invoicing and receivables in U.S. dollars. It’s simple and manageable. However, in today’s volatile foreign exchange market, this strategy may not be the ideal option for a number of reasons. As a result, the decision to invoice foreign customers in U.S. dollars should be […]