Analysts expect the currency to depreciate 4 percent this year.
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"Store of value" refers to an asset that doesn't depreciate.
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"You can't depreciate your way to success," he told Chatterley.
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Keep scrolling to see which sports cars depreciate the least:
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New cars typically depreciate the minute you drive off the lot.
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Its easing has played a role in helping the yen depreciate.
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However, the cars on the list depreciate between 20193% to 66.1%.
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However, the cars on the list depreciate between 30% to 50.1%.
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A single-family residence and commercial property depreciate at different rates.
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Britain, which runs a large current-account deficit, saw its currency depreciate.
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Our bonds appreciate or depreciate based on the fidelity of our word.
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We also doubt that China is going to stop letting CNY depreciate.
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That implied the rial would depreciate about 803 percent from its peg.
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Dealers expect the rupee to depreciate 6 to 8 percent this year.
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But if markets believe tariffs are counterproductive, then the currency will depreciate.
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"They depreciate your look and the look of the gown," he said.
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The currency is under pressure to depreciate for a number of reasons.
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"The good and the bad is that cars depreciate pretty quickly," he says.
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Facebook plans to depreciate the Moves app and Moves API on July 30.
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Li added that China will not depreciate the currency just to stimulate exports.
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Or it can depreciate its currency and siphon off expenditure by foreign economies.
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He was referring to a prediction that the yuan, could depreciate much more.
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More important, Australia let the dollar depreciate, which made its exports more appealing.
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The shilling, he said, would likely depreciate to around 2,400 against the dollar.
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Dealers expect the rupee to depreciate around 6-8 percent during this year.
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He was referring to a prediction that the yuan could depreciate much more.
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Another tax break, the ability to quickly depreciate capital investments, is vitally worthwhile.
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The announcement triggered the local currency to depreciate to a three-month low.
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Conventional wisdom has it, however, that China does not want to depreciate the currency.
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To stabilize the yuan, the Fed has sought to depreciate the dollar, he said.
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Dealers expect the rupee to depreciate between 6 percent and 13 percent this year.
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Dealers expect the rupee to depreciate between 13 percent and 8 percent this year.
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HSBC Holdings has predicted the pound could depreciate by as much as 20 percent.
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Some argue that concerns over fiscal slippage could cause the common currency to depreciate.
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Dealers expect the rupee to depreciate between 6 percent and 8 percent this year.
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Horse owners are allowed to depreciate their horses over the course of three years.
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Still, it is not likely that Beijing would let the yuan depreciate too fast.
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In contrast, Chinese authorities allowed the yuan to depreciate for most of the year.
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"But, as a rule, we depreciate matter first and foremost," his mother was saying.
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This compares to 1.75 per dollar in early November 2014 when it started to depreciate.
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Dealers said there were fears it could depreciate further, tracking weakness in emerging market currencies.
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"Most watches, like cars, depreciate in value the second you own them," Mr. Dufour said.
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It will depreciate daily at a rate equivalent to 3.0 percent per month, he said.
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"We will continue to tighten monetary policy if the lari continues to depreciate further," he said.
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It may be hard to cheapen the dollar, but it is easy to depreciate a report.
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Businesses can now depreciate the full cost of qualified property in the year they purchased it.
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"Apparently, the company was betting that yuan would depreciate further, following last year's tumble," Liu said.
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I honestly don't want to answer that because it would make my art depreciate in value.
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Economists polled by Reuters expect the yuan to depreciate slightly this year if the dollar firms.
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Dealers said there were fears it could depreciate further, tracking weakness in emerging-market currencies globally.
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The yuan would depreciate against the dollar by "about 5 percent" in 2017, according to Zhang Ming.
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And in the relative world of exchange rates, not all currencies can depreciate at the same time.
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Surya reaffirmed Blanco's warning about Argentina's currency, saying investors should be prepared for the peso to depreciate.
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Fitch also expects the yuan to be allowed to depreciate gradually towards CNY7.2 per USD by 0003.
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The reverse occurs for the ECB or the BOJ trying to depreciate their currencies via rate cuts.
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Bass confirmed Wednesday he is devoting much of his fund to his bet the yuan will depreciate.
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As long as it does not depreciate, holding surplus inventory makes sense when interest rates turn negative.
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Similarly, emerging-market companies that have borrowed in dollars may be in trouble if their currencies depreciate.
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It's also great for off-road driving, good to look at and doesn't depreciate in value rapidly.
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"Most cars depreciate to some level, and many of them just go down and disappear," he said.
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Toyota leads the list with cars that depreciate only 20193% on average after five years of ownership.
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The challenge in a more rapidly changing world is that knowledge stocks depreciate at an accelerating rate.
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With fewer imports to the U.S., the Japanese economy could be hit and the currency could depreciate.
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Developers erect houses and sell them typically within a couple of years, long before their investments depreciate.
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With the dollar's recent strength, the Chinese yuan will gradually moderate or depreciate against the greenback, said Moe.
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Armed with a prospective IMF loan, it now appears to be letting the currency depreciate, as it must.
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Capital Economics predicts the yuan could be allowed to depreciate to 7.5 against the U.S. dollar next year.
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"There was a bit of demand (for dollars); the pressure to depreciate was seen," said a currency dealer.
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Besides having a steep sticker price, cars start to depreciate the moment you drive them off the lot.
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The removal of Nene saw the South African rand depreciate sharply and piqued investors' concerns about the government.
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It's gross, sexist, and totally commonplace that women are considered to depreciate in value as they get older.
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On June 20th Nigeria did just that, allowing the naira to depreciate by 30% in a single day.
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The rupee will depreciate gradually as dollar outflows surpass inflows, Central Bank Chief Indrajit Coomarswamy said on Friday.
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Central bank governor Indrajit Coomarswamy on Friday said the rupee will depreciate gradually as dollar outflows surpass inflows.
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Letting the yuan depreciate would be a "softer" option than targeting US businesses or investments in China, they said.
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The revenue-neutral proposal keeps "accelerated depreciation," which allows businesses to write off investments more quickly than they depreciate.
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No details were provided, but one of the promises China has reportedly made is not to depreciate its currency.
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JPMorgan analysts warned in the report that the Turkish lira might depreciate soon after local elections scheduled for Sunday.
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The five countries announced that they wanted the dollar to depreciate and intervened in currency markets to make it happen.
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Global investor Mark Mobius told CNBC on Tuesday that he sees China continuing to "gradually" depreciate its yuan renminbi currency.
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"The challenge will be how to facilitate this liquidity without allowing the CNY to depreciate too far," the analysts said.
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The People's Bank of China (PBOC) has recently taken steps to lessen expectations that country's currency, the yuan, would depreciate.
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The apex bank has allowed the currency to gradually depreciate since mid-December, revising its spot reference rate multiple times.
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Putting a ton of miles on a Bugatti can kill the resale value and ultimately depreciate the car to nothing.
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With that being said, rentals that don't drive many miles minimize the risk of accidents do not depreciate the car.
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Of those polled, 72 percent said they thought Beijing should allow the yuan to depreciate, making their goods more competitive.
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The central bank has allowed the currency to gradually depreciate since mid-December, revising its spot reference rate multiple times.
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It is going to appreciate or depreciate based on a mix of market forces and demand for a particular object.
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On Monday, China allowed its currency, the yuan, to depreciate to a level unseen in decades — 7 yuan to $1.
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Those worries have led to their currencies, the rupee and the rupiah, to depreciate against the U.S. dollar this year.
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When crime began to rise, Bazile's home was burglarized four times, and the value of his property began to depreciate.
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Unlike the average used car that will depreciate in value with time, these vehicles can appreciate as they get older.
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How does it feel to have your sexual currency depreciate that abruptly — and what stock, if any, can replace it?
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The central bank has allowed the rupee to gradually depreciate since mid-December, revising its spot reference rate multiple times.
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China has also allowed the yuan to depreciate to its lowest levels in more than a decade in recent weeks.
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So why do they buy giant ships that sit empty for most of the year and depreciate the second they're sold?
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One is for a plan that includes 100 percent expensing for a few years instead of having companies depreciate capital expenditures.
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Consequently, the value of coupons received would increase if the yen were to depreciate versus the US dollar, and vice versa.
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" It was more like, "Oh, well I own this car and I have to depreciate over the course of a year.
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Whereas Ms Shelton has called for a strong dollar, Mr Trump gets irate when other countries seek to depreciate against it.
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The central bank has allowed the currency to gradually depreciate since mid-December, revising its spot reference rate a multiple times.
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They are officially exchangeable at 1:1 to the U.S. dollar but many people believe they will quickly start to depreciate.
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It's one of the better places to trade in iPads, but be warned that iPads tend to depreciate more than iPhones.
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The questionnaire asked fund managers how much they expect the yuan to depreciate over the next year, according to one source.
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"China is a responsible nation and there's no possibility that our exchange range will depreciate in the long-term," he said.
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The euro zone, which has a big trade surplus, seems happy to let its currency depreciate, adding to deflationary pressures elsewhere.
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At the same time, regulators recently put the kibosh on bets the yuan would depreciate, pushing up the in offshore markets.
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Depreciate the yuan to lower the price of Chinese goods to American buyers in order to counter the impact of tariffs.
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Another risk is that the Indian rupee could depreciate as a result of people and investors moving to more robust currencies.
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The Deutsche Bank Wealth Management report predicts that the rupee will depreciate further to 74 against the dollar by June 2019.
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Some contracts even include riders that depreciate the price if the manufacturer discovers and fixes the flaw within a given timeframe.
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No one knows whether, when or by how much properties will depreciate, seas will encroach or flood insurance policies will change.
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Most experts have pointed towards fears in China and Asia that the yuan could depreciate as reasons for increased investment in bitcoin.
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When the CNY was fixed to the dollar, rate cuts by the ECB or BOJ would depreciate their currencies against the dollar.
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The White House has been vigilant over the strength of the dollar, pressing other trading partners not to depreciate their currencies further.
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Used cars are curious assets in that they depreciate so quickly that even 60 days can have a demonstrable impact on value.
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"We expect the Mexican peso to depreciate further," emerging markets strategist at UBS Alejo Czerwonko said in a note to clients Friday.
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" They said China could let the yuan "depreciate further to ease the tariff pains, and somehow weaponize the currency to anger Trump.
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With the CNY fixed to the dollar this would also imply that both the euro and the yen depreciate against the CNY.
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With deposit rates so high, prospective buyers are choosing to park money there instead of buying a vehicle that would immediately depreciate.
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AMC seems to have avoided discussing MoviePass publicly since its initial criticism that the service would depreciate the value of a ticket.
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Economists had long argued that Argentina's peso currency was overvalued, and the government acknowledged that it would depreciate gradually over the years.
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Several high-profile investors, including storied hedge-fund manager Kyle Bass, have taken strong positions on expectations the Chinese currency would depreciate.
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Exporters expect the rupee to depreciate further in the face of a strengthening dollar, ongoing imports, and exporter reluctance to sell dollars.
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Your lease or loan payments, plus interest, are determined by the car's value at the time of purchase, but cars depreciate quickly.
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Research shows these harsh, overreaching policies not only do not keep our schools safe, but actually depreciate the life outcomes of students.
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That has the potential to cause China to further depreciate its currency, which could very well result in a global currency war.
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Third, it suggests that China will let its currency continue to depreciate in order to help stabilize China's trade and overall growth.
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But even those assets are probably a better place to store your money than letting cash depreciate while sitting in the bank!
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"Import demand was there, we can see the pressure (to depreciate) with festive demand building up," said a currency dealer requesting anonymity.
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In the short run they may have some success but pressure will remain on the yuan to depreciate over time, they said.
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The questionnaire asked fund managers how much they expect the yuan CNY=CFXS to depreciate over the next year, according to one source.
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A number of investors are now betting that China may have to let its currency depreciate, rather than dip further into its reserves.
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I expect the rouble to depreciate and local debt yields to continue to go up to reflect the increased risk premium on Russia.
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That was the longest run in almost four months of adding to their net short positions, effectively betting that the currency will depreciate.
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The People's Bank of China (PBOC) allowed the yuan mid-point reference rate to depreciate about 2 percent over the past two weeks.
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If the other major central banks all cut interest rates and resumed bond buying, the U.S. currency would most likely appreciate rather depreciate.
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He says at the 100 percent mark, certain reactions occur within the battery that ultimately degrade the electrolytes and further depreciate your battery.
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Allowing floating exchange rates to depreciate can help to improve competitiveness, narrow current account deficits, preserve foreign currency reserves and improve fiscal positions.
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In a vicious cycle, houses are expected to depreciate and are therefore not maintained, so second-hand homes are often dingy and depressing.
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Whereas many euro-area governments prepared for a world in which they could not depreciate by adopting structural reforms, Italy was a laggard.
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Concerns over the mainland's economic slowdown, compounded by fears that would depreciate further after policymakers intervened recently, spurred massive capital outflows last year.
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The Tanzanian shilling is likely to depreciate slightly against the U.S. dollar due to market demand for the greenback after the Christmas holiday.
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Instead of letting the naira depreciate to reflect the country's loss of purchasing power, Mr Buhari's government is trying to keep it aloft.
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The trick is to shield investment spending by letting companies deduct it from their taxable profit immediately, rather than as their assets depreciate.
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Carmakers and unions, still influential forces in those states, have been vocal critics of the way Japan's government has let the yen depreciate.
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Well, you would normally, on a book basis, depreciate it ten-- $1 million a year on a $10 million asset over ten years.
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The yuan is depreciating but won't depreciate too much and many people believe the dollar could fall if Trump takes some radical measures.
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A short position is effectively a bet an asset will depreciate in value, and a long position is a bet it will appreciate.
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Unlike real estate or blue-chip art, which can rapidly appreciate in value, superyachts tend to depreciate, and most owners lose money on resale.
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That makes it easier to afford a home, but less desirable if potential buyers are concerned that their new home's value will immediately depreciate.
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It's bad news for all British wine lovers: Bottle prices are set to increase in 2017 as sterling continues to depreciate against the euro.
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"We're very positive on equities...if we're wrong about being too bullish about it, then we would expect this currency to depreciate," Creperio said.
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On Monday, China allowed the yuan to depreciate past the 7 yuan-per-dollar level for the first time in more than a decade.
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A bigger impact on the global economy would result if the Chinese currency were to depreciate significantly in the slower growth scenario, Fitch said.
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That pulled the offshore yuan from lifetime lows near 7 per dollar, but did not alter expectations for the yuan to depreciate this year.
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The has also faced its share of volatility, with concerns emerging that the renminbi might depreciate further after policymakers intervened recently, spurring capital outflows.
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TANZANIA The Tanzanian Shilling is expected to depreciate next week due to high demand for dollars mainly driven by the manufacturing and energy sectors.
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Embarking on a move to depreciate the yuan might rekindle the ire of Trump, who has branded the Chinese "world champions" of currency manipulation.
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He made a huge currency bet in 2016 against the Chinese yuan, predicting it would depreciate by as much as 30 to 40 percent.
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This has been supported by the Brexit vote, in June, which caused the British currency to depreciate, making goods slightly less expensive for foreigners.
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Trees are different from inventory because they are held for decades rather than days or months, and they appreciate rather than depreciate in value.
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The BNM governor said the central bank expects the ringgit to depreciate along with other regional currencies due to the strength in the U.S. dollar.
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"Nothing less than a maximum sentence would be appropriate, and anything less than that maximum sentence would depreciate the seriousness of this offense," Kopcow said.
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The U.S. dollar will depreciate next year, and it's not just because the Federal Reserve will potentially stop raising interest rates, according to Morgan Stanley.
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But they said the central bank was willing to let the currency depreciate by as much as last year's record decline of around 5 percent.
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The central bank will have to let the currency depreciate or raise key policy rates at a monetary board meeting later this month, they said.
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"The one money lesson I learned when I was in the NBA is that you should not spend it on things that depreciate," he said.
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This allows firms to knock the cost of investments off their taxable profits in the year they are made, rather than as their assets depreciate.
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The schedules change frequently, and certain industries are often given bonuses that let them depreciate faster (NASCAR tracks, for instance, have their own depreciation schedule).
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And if the local currencies depreciate against the dollar, it's going to make it that much harder for those borrowers to pay back that money.
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China guided the yuan higher for a second straight session on Monday, calming investor concerns about how far Beijing wanted to see the currency depreciate.
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Although the lari has stabilised since April and remittances from those working outside the country are rising, Georgia's currency began to depreciate again in September.
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Despite the intervention, the peso continued to depreciate against the dollar in mid-morning trading, falling 1.26% to 803.5 per dollar in mid-morning trading.
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After all, it's a well-known fact that new cars depreciate by 10% to 20% in value as soon as they're driven off the lot.
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A majority of board members also noted the peso currency could depreciate if talks to renegotiate the North American Free Trade Agreement (NAFTA) are unfavorable.
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To be long an asset is to effectively bet that it will rise in value and to be short is to bet it will depreciate.
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The rupee is expected to further depreciate due to rising imports, selling of government securities by foreign investors and slowing dollar inflows, the dealers said.
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As such, it cannot lower interest rates or depreciate its currency to promote exports as a means to offset the contractionary effect of budget tightening.
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But the NFL believes the potential revenue it can make from digital streams will continue to climb, even if TV rights eventually depreciate in value.
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However, the vehicles on this list — which include three Toyotas, two Nissans and Jeeps, and one Porsche, Honda, and Subaru — depreciate 19.4% to 39.5% less.
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We know how this story goes: the afflicted country sees its currency depreciate (or, in the case of the euro countries, its interest rates soar).
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Fitch estimates that Pakuwon's recurring EBITDA/interest coverage ratio will remain above 2x should the rupiah depreciate to 15,000 per dollar, all else remaining equal.
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In addition, real estate industry executives can depreciate the value of their investment for tax purposes even when the actual value of the property appreciates.
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Among his advice, Powell told us that you shouldn't buy a new watch as an investment, as the vast majority will only depreciate in value.
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The administration went on to press the other major economies to appreciate their currencies and depreciate the dollar as part of the Plaza Accord in 1985.
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The rupee is, however, expected to further depreciate due to rising imports, selling of government securities by foreign investors and slowing dollar inflows, the dealers said.
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"The market expects the rupee to depreciate further as the central bank is allowing a gradual depreciation," a currency dealer said asking not to be named.
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New YORK (Reuters) - A Chinese official said on Monday it was "ridiculous" to expect the country's currency, the yuan, to depreciate substantially more against the dollar.
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Narain says the lira's ULC-based REER is 10-15 percent above its five-year average, and indicates it should depreciate to near 3.25 per dollar.
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The first, a "shock scenario", would see GDP fall by 3.6%, unemployment increase by 520,000, sterling depreciate by 12% and inflation rise by 2.3 percentage points.
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Unlike most used cars that depreciate drastically as soon as you drive them off the lot, they're great at retaining value and, eventually, increase in value.
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Other dealers said the central bank will have to let the currency depreciate or raise key policy rates at a monetary board meeting later this month.
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However, these are still higher than the automakers that depreciate the most, including Buick at an average of 60.1% and Maserati at an average of 66.4%.
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Cryptocurrencies started out with a libertarian desire to give people an alternative to national money, thereby escaping government power to depreciate their fiat currencies through inflation.
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Liu Haiying, founder of Shanghai-based Haiying Investment, said he fears that China's move to let the yuan depreciate could trigger competitive devaluation among exporting nations.
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According to separate Reuters polls, the rupee is not expected to depreciate sharply from here and oil prices are predicted to rise just modestly this year.
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Tanzanian shilling is expected to depreciate slightly against the U.S. dollar next week due to rising demand for hard currency as traders prepare for Easter festival.
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Other dealers said the central bank would have to let the currency depreciate or raise key policy rates at a monetary board meeting later this month.
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He said he expects Indonesia to attract more Chinese direct investment, and suggested it was more important for China to boost domestic consumption than depreciate its currency.
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Backed by the IMF, which approved a $5.63bn loan in 25.6, his government cut fuel subsidies, let the currency depreciate and imposed a 29.4% value-added tax.
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China's yuan is forecast to hover around current levels of 6.64 per dollar in six months and depreciate slightly to 6.70 in a year, the poll showed.
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Despite market speculation that the renminbi would depreciate further, Li repeated that the country's economic health did not warrant devaluation and said the currency would remain stable.
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"We are certain the Chinese economy will grow only slowly and that the yuan will depreciate in 2016," said a senior trader with a Shanghai-based fund.
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"The pressure (to depreciate) is there with general importer demand and also a foreign bank buying dollars, possibly for profit repatriation," said a currency dealer, requesting anonymity.
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In the long run, this will mean you'll have more money to put toward your savings - an asset that will appreciate, rather than depreciate like your car.
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That's just as well, since another thing history tells us is that demand-deficient, deleveraging economies depreciate their currencies and rely on exernal demand to support growth.
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In this environment and with the onset of monetary tightening in the U.S., Colombia's risk premium rose again and the peso continued to depreciate against the dollar.
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Analysts also pointed to weakened expectations towards the Bank of Japan's monetary easing which until recently had helped the yen depreciate as a factor that bears watching.
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"Expectations have increased for the Chinese yuan to depreciate towards its psychological 7 level against the USD," said Eugene Leow, rates strategist at DBS in a note.
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"China has to let the currency depreciate, there is no other way out, because when you look at the asset prices, it's way too expensive," he said.
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The move comes after Apple last month admitted it intentionally slows down iPhones as they get older to prevent issues that may arise as the batteries depreciate.
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Donald Trump's surprise victory in the U.S. presidential election has roiled emerging markets and prompted Argentina's peso currency to depreciate sharply, though it rebounded somewhat on Tuesday.
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A 1967 ruling from the Internal Revenue Service allowed baseball owners to depreciate the cost of player contracts over several years, thus reducing the team's taxable income.
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All the airlines should benefit, however, from a provision in the new law that lets businesses more quickly depreciate the cost of investments — aircraft, in their case.
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"Due to weak inflation levels the Reserve Bank of Australia is likely to wish that the currency would depreciate notably," wrote Commerzbank strategists in a research note.
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Biswas predicted that the rupee will depreciate further, falling to 72 rupees against the dollar by the end of 288 and reaching 270 rupees by August 24.4.
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KAMPALA, April 212.0780 (Reuters) - The currencies of Uganda and Tanzania are likely to depreciate next week as Zambia's appreciates and those of Nigeria and Kenya hold steady.
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But while policymakers may have some success in the short-run in arresting the yuan's descent, pressure will remain on the yuan to depreciate over time, they said.
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"China has been selling dollars to keep the yuan steady while Japan is very happy to let the yen depreciate," said Chester Liaw, an economist at Forecast Singapore.
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A shortage of foreign currency has seen the Sudanese pound depreciate against the dollar on the black market, reaching about 15 to the dollar in August, traders said.
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"It's very dangerous if the market keeps thinking the yuan needs to depreciate more," said a senior portfolio manager at an Asian asset management firm in Hong Kong.
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Many traders think the pound could still depreciate sharply in coming days or weeks as banks struggle to meet an anticipated deluge of pent-up demand from importers.
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In June the central bank dropped its peg of the naira against the dollar, prompting the local currency to depreciate by 40 percent, further hitting consumers' spending power.
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" Such an attempt would largely be futile, he said: "If we go for currency war and we all try to depreciate, it's a kind of zero-sum game.
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The Chinese central bank's "stronger-than-expected fixing of the yuan yesterday and reiteration that it won't seek to competitive depreciate, helped stabilise markets," the ANZ analysts added.
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He also said he expects Indonesia to attract more Chinese direct investment, and suggested it was more important for China to boost domestic consumption than depreciate its currency.
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The decision to depreciate encryption on Fire OS came as Apple fights to protect its encryption standards in court, and was met with outcry from the security community.
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China's currency has fallen around 20163 percent since August, and while most analysts expect further weakening the authorities have been loath to allow it to depreciate too fast.
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Many governments, including the United States, have gone so far as to promise perpetual inflation, a key function of which is to help governments depreciate their own debt.
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Lower interest rates in China could put further pressure on the yuan to depreciate amid expectations of rising rates in the United States, which are boosting the dollar.
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"We expect the shilling to slightly depreciate as we expect huge demand of dollars from importers in energy and manufacturing sectors," a trader at one commercial bank said.
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In February 2016, Bass said he devoted much of his fund to bet against the yuan, predicting it would depreciate by as much as 30 to 40 percent.
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"You can see that the real is more correlated with Brazilian fundamentals, so even as things were happening, it did not depreciate as much as the peso," he says.
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India's rupee is also forecast to depreciate marginally against the dollar, to 64.50 per dollar in six months and 65.00 in a year, compared with Thursday's close of 63.39.
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It's expecting a bigger move against the pound, expecting the pound-yen cross would fall nearly 20.5079 percent, compared with expectations the cross will depreciate by around 211 percent.
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The dollar also was weighed by technical trading factors, as speculators have begun to reverse bearish bets that the yen will depreciate as the year moves towards a close.
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"Volatility on the foreign exchange markets will remain, and major currencies, particularly in the emerging markets, may further depreciate," Kasper Rorsted said at Henkel's annual shareholder meeting on Monday.
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Policymakers will have to accept that their currencies will depreciate against the greenback as the U.S. begins its tightening cycle, Ravi Menon, Singapore's central bank chief, said on Monday.
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Electric cars depreciate less quickly in Norway than elsewhere, partly due to the ongoing benefits, which include low-cost ferry trips and use of bus lanes to avoid congestion.
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He said Rwandan franc was expected to depreciate by not more than 4 per cent while inflation was likely to stand at 7 percent by the end of 2017.
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On Friday, the People's Bank of China set the yuan's midpoint rate stronger for the first time in nine days after allowing it to sharply depreciate in recent session.
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Currency strategists polled by Reuters expect the yuan to depreciate by nearly 2 percent more in the next 12 months to levels not seen since the global financial crisis.
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" When it comes to "risk-sensitive currencies," which tend to depreciate amid increased risk as investors seek perceived safe-haven currencies, UBS said "some are more attractive than others.
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China allowed its yuan currency to strengthen for a second straight session on Monday in a move that could calm concerns over Beijing's readiness to let the currency depreciate.
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Future deals are also threatened by the stronger curbs that Beijing has placed on capital outflows to reduce pressure on the yuan currency to depreciate, bankers and lawyers said.
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Ray wasn't enough of a long-term thinker to know that the Corvette would depreciate in value, and young Emmit was savvy enough to keep that information to himself.
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"China has been selling dollars to keep the yuan steady while Japan is very happy to let the yen depreciate," said Chester Liaw, an economist at Forecast Pte Ltd, Singapore.
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"The government hopes to see the yuan depreciate to stimulate exports and the economy, but the speed of depreciation went too fast," said analyst Zhang Gang of Central China Securities.
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Cutting interest rates to depreciate the dollar would risk pushing up import prices, boosting growth in an economy already operating at full-employment, accelerating inflation, and triggering another financial bubble.
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When the referendum result is known, sterling will either strongly appreciate on a remain vote (to perhaps US$1.55/£1) or depreciate (to perhaps $1.25/£1) on a Brexit vote.
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CBA senior currency strategist Joseph Capurso said "similarly soft economic growth outlooks elsewhere, including Europe, China, Australia and Japan" meant that it was questionable whether the dollar would depreciate significantly.
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Despite the yuan's fall a week ago, we do not believe the government wants to let it depreciate too far against its target basket of currencies, including the U.S. dollar.
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Yet, if China allows its currency to depreciate against the U.S. dollar, it risks having the renminbi's exchange rate rise above the sensitive threshold of 7 renminbi per U.S. dollar.
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But not everyone can depreciate simultaneously; the fall in sterling has been hard on other currencies, including the dollar, the rise of which will sap demand from the American economy.
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"The comments by the Fed chairman caused major currencies to depreciate against the dollar, and the rand and other emerging markets followed," said chief currency dealer at TreasuryOne, Wichard Cilliers.
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Since its introduction in 2628, weak productivity countries in the euro area can no longer depreciate their currencies as they did before 28503 in order to restore lost international competitiveness.
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Vietnam's central bank has been building up U.S. dollar reserves to shore up the dong, which experts have advised should be allowed to depreciate more and better reflect market conditions.
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China is looking to increase its sway in global yuan trading as bets by traders in the offshore market that the yuan would depreciate have put pressure on onshore rates.
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Because they were part of the same monetary union, countries such as Greece and Spain couldn't let their currencies depreciate when the crisis hit — they don't have their own currencies.
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The walk back of regulations comes as the government has allowed the bolivar to depreciate to the parallel rate, after years of controls created a black market for foreign currency.
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"Even if the rupee falls to 80, it will not be a concern provided other currencies also depreciate," Garg told reporters when asked about the currency's impact on the Indian economy.
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The central bank is selling dollars in an effort to prop up the value of the Chinese currency, the renminbi, which is under pressure to depreciate as China's growth prospects weaken.
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These included BI raising rates by 175 basis points, allowing the exchange rate to depreciate and preparing bilateral swap agreements, while the government let in more imports to maintain domestic prices.
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On Monday, China allowed the yuan to depreciate past the 7 yuan-per-dollar level for the first time in more than a decade, triggering worries of a global currency war.
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Bikes depreciate like any used commodity at a rate buyers and sellers generally agree upon, but what's the value of a key fee after a few months or a few years?
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And over the last six months, following China's decision to depreciate the renminbi, previously robust monetary units in Singapore, Korea and Taiwan have also started to lose value against the dollar.
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"Heightened risk and uncertainty will cause sterling to depreciate by around 20 percent immediately following the referendum, which will result in an intense bout of inflationary pressure," the academic body said.
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CNH deposits have fallen for four straight months, with the decline beginning in August, after the PBOC shocked global markets by loosening its control of the currency, allowing it to depreciate.
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"The RBNZ has made it clear for a long time that it wants to see the kiwi depreciate, sometimes less and sometimes more explicitly," said Ulrich Leuchtmann, currency strategist at Commerzbank.
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Allen Sandeep, head of research at Naeem Brokerage, said the central bank had allowed the pound to depreciate to entice the dollars currently held outside the banks back into the system.
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Sue Trinh, head of Asia foreign exchange strategy at RBC Capital Markets, said there was room for the yuan to depreciate against a basket of currencies because of growing policy divergence.
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She said the yuan's respite might be "temporary," adding that China's central bank will likely let the currency depreciate again if the deal is not signed, or is eventually watered down.
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One potential area of concern for market watchers is that Beijing could retaliate against the tariff threats from the Trump administration by allowing its currency to continually depreciate against the dollar.
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Trump, who has long been critical of the Fed's policy, tweeted that the ECB had acted quickly and was trying and succeeding to depreciate the euro, while the Fed didn't act.
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Survey respondents said the Chinese yuan will continue to depreciate, with the median of 32 forecasts predicting the currency will drop to 7.2 against the U.S. dollar by the end of 2017.
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The BOJ implemented negative rates at the end of January, a move that should have caused the yen to depreciate but instead, the currency has rallied in the months following the decision.
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The BoE said half of sterling's 9 percent slide over the past six months was probably due to the referendum and said it could "depreciate further, perhaps sharply" after an "Out" vote.
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"The euro tends to depreciate much less against the pound when the popularity of the anti-establishment parties rises, " Nomura said, noting the effects are usually seen against the dollar and the .
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"Gradually we think that USDCNY might reach 7.15-3.3753, assuming that the trade-weighted yuan were to depreciate by a further 3-5%," analysts at Morgan Stanley analysts wrote in a note.
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"If the U.S.-Turkey relationship deteriorates again, it is highly possible that the lira could, again, depreciate sharply against major currencies," said Agathe Demarais, principle Europe economist at the Economist Intelligence Unit.
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BEIJING, Jan 9 (Reuters) - China cannot let its yuan currency depreciate more than 25 percent against the dollar in 2017, a former advisor of China's central bank said, according to state media.
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Mr Gallo adds that RBS expects China's currency to depreciate by at least 10 per cent against the US dollar in the next 12 months, dragging other EM currencies down with it.
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For farmers and ranchers, who may reach the limit on full expensing, the bill substantially increases the rate at which they can depreciate the cost of tractors, combines, and other farm property.
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Good, underpaid players eventually become fairly-or-overpaid players elsewhere; tradable assets tend to depreciate over time; making the playoffs decreases a team's odds of landing a difference-maker through the draft.
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Gao expects the yuan to depreciate about 5 percent against the dollar this year amid market worries over potential political and trade conflicts between the United States and China after Trump takes office.
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"The market expects the rupee to be lower than 150 in the new year and depreciate gradually if the central bank allows greater flexibility," said a currency dealer asking not to be named.
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The importers' exchange rates would depreciate, facilitating an adjustment: they would buy a bit less from the rest of the world than before, and sell the rest of the world a bit more.
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"This is not a policy to depreciate the domestic currency, and only removes the modest and gradual appreciation path of the S$NEER policy band that was in place," the central bank said.
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If USMCA does not pass and Mexico is hit again by Trump's tariff threats, the peso could depreciate to 20 per dollar, a level not seen since December, according to Banco Base estimates.
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" But she said that if AKP loses Istanbul and Ankara, "financial markets would react negatively and the lira would depreciate sharply against the U.S. dollar and the euro, possibly triggering another currency crash.
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The rupee hit a record low of 13 per dollar on May 16 after the central bank chief said on May 11 that the currency would depreciate gradually as dollar outflows surpass inflows.
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China has eased monetary policy and allowed its currency to depreciate since the start of the year to offset the impact of higher U.S. tariffs and counter a slowdown in its domestic economy.
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When individuals buy real estate, even if they do so using loans or other people's money, they can "depreciate" -- or write off, over time -- the cost of the physical property on their taxes.
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The naira hit a record low of 436 to the dollar on the parallel market on Thursday and is expected to depreciate further due to concerns about lack of dollars in the market.
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"The central bank is guiding the yuan to depreciate in an orderly manner, and therefore chances for a one-off sharp devaluation are low," said Ken Cheung, senior Asian FX strategist at Mizuho Bank.
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A net 26 percent of funds were overweight Japan, however, and for the first time since 2009, the majority of managers said they did not expect the yen to depreciate over the coming year.
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Analysis showed the standard deviation of forecasts, a commonly used gauge of dispersion, for the 12-month outlook was the lowest in over two years, suggesting most strategists thought the currency would depreciate further.
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It's possible for the Chinese yuan to depreciate by another 10 percent against the dollar if the United States continues to raise tariffs on China imports, independent economist Andy Xie told CNBC on Friday.
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"Soft commodities companies (get) a lot of exposure to the rising prices of soft commodities, many of which are denominated in emerging currencies that are going to depreciate with this unexpected event," he explained.
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If the stimulus fails, pressure to cut interest rates below those of the Fed and allow the yuan to depreciate in order to help China export its way out of domestic trouble will intensify.
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"The risk is that the parallel rate will depreciate even more, giving the marketers a pretext for yet further price increases at the pump," said Alan Cameron, an economist covering Africa with Exotix Partners.
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"Chinese exports are now contained, domestic demand has long been weighed by soaring home prices, and the yuan will depreciate, so everyone, hurry up and convert to U.S. dollars," one social media user quipped.
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In the midst of escalating trade tensions over the summer, Trump directed his Treasury secretary in August to formally label China a currency manipulator after the country's central bank allowed the yuan to depreciate.
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After gaining over 63.393 percent last year, China's yuan is forecast to depreciate slightly to 6.60 per dollar in six months and to 6.60 by end-2018, from Thursday's close of 6.49, the poll showed.
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Little wonder that people are now harking back to the Plaza Accord, a 1985 joint currency intervention by the U.S. and other industrial nations to depreciate the dollar against the yen and the German mark.
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"A state bank sold dollars to (facilitate) select trades up to 145.60 and central bank moral suasion was there because the pressure is there to depreciate," said a currency dealer, asking not to be named.
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Therefore, some institutions are predicting that the BOE might keep its loose monetary policies longer to furthur depreciate the sterling, in order to attract foreign capital to the UK. CNBC's Qian Chen, reporting from Singapore.
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Had the country retained its own currency, the long, hard adjustment that it is now seeking to achieve by lowering domestic costs could have been attained much more easily by allowing the markka to depreciate.
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It has also led to acute exchange market pressure in the emerging market economies like Argentina, Brazil, South Africa and Turkey that have all seen their currencies depreciate by 20 percent or more this year.
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What's worrying for emerging markets in general is that China would likely try to depreciate its currency over the next few years, Goldman said, forecasting a 10-20 percent decline over the next two years.
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"This isn't necessarily a sign that the crown is about to depreciate sharply, rather we think it will stem the upward pressure on the currency," said Stephen Brown, European economist at Capital Economics in London.
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In Connecticut, someone buying a plane would not get a break the first year, but can depreciate the plane's cost over four years, said Michael D'Addio, tax lawyer and principal at Marcum in New Haven.
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Gundlach is adamant that the US dollar will depreciate for three main reasons: foreigners starting to divest from the US, the Federal Reserve&aposs continued insistence upon printing money, and a blown-out budget deficit.
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Here's how: Today when you own a small business and buy a new piece of equipment, you are allowed to "depreciate" half of that investment in the first year and the rest over five years.
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Yu Yongding, a former advisor to the People's Bank of China was quoted in media reports on Monday saying that China cannot let its yuan currency depreciate more than 25 percent against the dollar in 2017.
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At the same time, however, capital flight from the tightly managed economy has been strong, fueled by expectations that the yuan currency will depreciate further after sliding to more than eight-year lows against the dollar.
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"The majority view amongst the managers we speak to is that the pound is likely to depreciate versus both the euro and the US dollar over the medium term irrespective of the election result," said Coltman.
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"The Australian dollar is set to depreciate below 0.70 as the Reserve Bank of Australia no longer views the next move in rates as up only," strategists at DBS Group Research said in a morning note.
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That would be despite higher U.S. rates and "to hint that the bank intends to expand the rates differential with the United States to create pressure to depreciate the shekel in the short term," he said.
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Repeated injections by the central bank might delay expected cuts in banks' reserve requirement ratios (RRR), which would increase long-term base money in the system and so add pressure on the yuan to depreciate further.
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An apparent bias toward looser policy "runs counter to the regional bias toward higher rates to protect currency downside," she said, adding that growing policy divergence indicates room for the onshore and offshore yuan to depreciate.
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It might also occur by keeping international commodity prices very depressed, which would adversely impact the major emerging-market commodity exporters, as well as induce China to depreciate its exchange rate to boost its flagging economy.
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The Chinese authorities might very well ask why they should be prevented from allowing their currency to depreciate now that its economy is weakening when this has been the accepted practice for the advanced industrialized countries.
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"Authorities are likely to maintain their 'stable yuan policy' which will still give them room for yuan appreciation, particularly when there's pressure for the dollar to depreciate," said Janu Chan, senior economist at St. George Bank.
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The rupee hit a record low for a third straight session on Wednesday at 158.50 per dollar after the central bank chief said on Friday that the currency would depreciate gradually as dollar outflows surpass inflows.
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"We expect CNY to slightly depreciate again over the coming quarters against the U.S. dollar, due to weaker growth prospects for the Chinese economy," wrote Hao Zhou, EM strategist at Commerzbank, in a note to clients.
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Kranz wouldn't say how much Canoo will charge for its subscription service, but said that the company can reduce its cost because it can depreciate the vehicle's value over a seven to 10-year time frame.
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If you look at investments into China from foreign investors, those foreign investors will be a lot more cautious if they feel that the Chinese currency would depreciate in a strategic or in a tactical manner.
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Recent weakness in the yuan has spurred some to say that China is allowing its currency to depreciate — either deliberately or in tandem with market forces — as the trade war with the U.S. hits its economy.
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Instead of the high cost of purchasing PCs as part of capital expenditures they must depreciate, the as-a-service model lets a company shift the ongoing cost over to the operating expenses side of the ledger.
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The yen continued to depreciate, falling 0.2 percent versus the dollar to 112.10 as Tuesday's pledge by the Bank of Japan to keep rates extremely low for an extended period continued to weigh on the Japanese currency.
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Concerns over the global economy come as the U.S.-China trade war intensified with Chinese authorities allowing the country's currency, the yuan, to depreciate against the dollar while several central banks around the world cut interest rates.
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Even the stiffest of capital controls might prove too leaky to prevent the drip-drip-dripping away of reserves (and eventual pressure to depreciate) unless the Chinese government simultaneously imposed stiffer controls on both trade and investment.
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ING's shift follows a similar move on June 24 by Deutsche Bank, which said it expected the yuan to depreciate to 6.8 per dollar by the end of this year and 7.2 by the end of 2019.
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"It is counterproductive to depreciate to 20.15 or even 258.85 as it increases costs to importers and debt service costs much higher for Chinese issuers that borrow in dollars and have income streams in renminbi," he said.
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Traders and economists feared the move from China to further depreciate the yuan may mean the world's second-biggest economy is even weaker than had been expected and that it could trigger another wave of competitive devaluations.
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The bill also proposes full expensing, a provision allowing companies to expense or deduct the full cost of capital expenses in the year purchased, instead of having to write off, or depreciate, the cost over many years.
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At the same time, the government has allowed Iran's currency to depreciate over the past half year, a psychological blow that resulted in inflation of certain products like a 40 percent increase in the price of eggs.
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More likely, if China wanted to turn up the heat it would let the yuan depreciate against the U.S. dollar, according to CFR's Setser, a move that could kneecap the Trump administration's goal of jump-starting U.S. manufacturing.
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Rising global interest rates and the trade war between the United States and China have not yet hurt the economy, thanks to Chile's relatively solid finances and a floating exchange rate, which has allowed the peso to depreciate.
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It could also be depreciation of assets his business purchased: Instead of letting companies deduct the full cost of investments like new buildings, the tax code requires them to "depreciate" the assets, or deduct their value over time.
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With Google's recent push to make autonomous cars legal if they pass safety tests, and now a huge down payment from Uber on its driverless plans, looks like human-piloted transportation is beginning to depreciate in value.[Reuters]
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"We had productive conversations, and they emphasized to me that it is not in their interest to see the RMB to continue to depreciate," Mnuchin said at the International Monetary Fund and World Bank annual meetings in Bali.
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"If you don't want the exchange rate to depreciate, you should tighten credit, but there could be problems in debt prices and market liquidity - how to balance them is a very difficult thing," one of the sources said.
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He also said Japan never intended to weaken the yen in a permanent manner, dismissing criticism from abroad that it was using ultra-easy monetary policy to depreciate the yen to give its exports a competitive trade advantage.
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"Inflation is under check and it will allow the RBI to let the rupee depreciate in a controlled manner, especially if the dollar continues to strengthen," Bajoria said, adding that some depreciation in the currency would benefit exporters.
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NEW YORK, June 15 (Reuters) - Sterling could depreciate by 11 percent on a trade-weighted basis against a basket of major developed market currencies if Britain votes to leave the European Union, Goldman Sachs analysts said on Wednesday.
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"We thought the fixing formula tweak would 'work' eventually in persuading people that, like the rest of dollar/Asia ex-Japan, when the dollar depreciates against major currencies ( goes down), it should depreciate against the yuan, " Condon said.
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Traders and economists feared the move from China to further depreciate the yuan may mean the world's second-biggest economy is even weaker than had been expected and could trigger another wave of competitive devaluations in the region.
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He said market expectations for the yuan to depreciate further are unlikely to have changed, though the authorities have helped the yuan's recent recovery by making speculation against the currency prohibitively expensive, and by tightening some capital controls.
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But when the world's demand for iron ore will depreciate, Liberia will take a financial hit and without any education or revenue, we won't be able to run any of our institutions and the vicious cycle will continue.
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Many analysts say China will be loath to let the yuan depreciate or use it as a tool in the trade war, and Chinese President Xi Jinping's somewhat conciliatory speech last Tuesday also blunted speculation about yuan depreciation.
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China's sluggish exports also could come under fresh pressure if U.S. President-elect Donald Trump takes a more protectionist stance on trade, while its yuan currency is widely expected to depreciate further, weighing on its foreign exchange reserves.
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Another provision in the deal extends the three-year tax depreciation for racehorses, allowing owners to depreciate the value of their investment over the most productive span of their racing careers instead of the old seven-year schedule.
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Shelton, an economist and a former 2016 Trump campaign adviser, defended her stance on rates by pointing to the 49 central banks that lowered their interest rates last year, causing their currency to depreciate against the US greenback.
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" • "The Trump administration has been clear in its talks with Beijing that any attempt to depreciate the yuan — a strategy aimed at offsetting existing U.S. duties on Chinese imports — would be met with more or higher American tariffs.
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Under the terms of the IMF loan, the government is also expected to let the rupee depreciate to help tackle an unsustainable current account deficit and aim for a primary budget deficit - excluding debt servicing costs - of 0.6 percent.
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Normally, such a gap would suggest the central bank was abandoning the peg and allowing its currency to depreciate but this time the riyal's drop is due to the way the diplomatic crisis has fragmented the foreign exchange market.
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The rupee hit a record low for a third straight session on May 16 and touched 158.50 per dollar after the central bank chief said on May 13 that the currency would depreciate gradually as dollar outflows surpass inflows.
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Yu Yongding, a former central bank adviser, has also advocated that China stop intervening to help preserve its dwindling foreign exchange reserves, and suggested the central bank set a "bottom line" of 25 percent for the yuan to depreciate.
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In a note on Thursday, UBS analysts said they expect the yuan to depreciate by 4-5 percent against the U.S. dollar this year, and they said they think that it likely will do so sooner rather than later.
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The currency has been on a wild ride in the fallout since the Brexit vote – including hitting a 31-year low last year - and a slew of traders are betting the currency will depreciate further in the coming months.
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LUANDA, March 27 (Reuters) - Angola's central bank governor, José Massano, expects the kwanza to depreciate further but more slowly after the currency lost nearly 30 percent of its value so far this year, according to the newspaper O Pais.
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The ECB officials all denied that a complex but secret currency deal had been struck at the G20 meeting in Shanghai, and said only that there had been an intellectual understanding that trying to depreciate currencies made little sense.
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By letting the rial depreciate, Iran may be able to boost its export sector and make it easier to attract flows of hard currency into the country, partly offsetting economic damage from the sanctions that Trump is threatening to impose.
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Economic risks include a reduction in EU exports to the U.K., a decline in the U.K.'s contribution to the EU budget and a fall in the value of financial assets held in the U.K. should sterling depreciate long-term.
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"Sri Lanka's poor external position means that the rupee is exposed to sudden shifts in investor sentiment and its high level of foreign currency denominated debt means that the CBSL cannot afford to let the rupee depreciate too much," it added.
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The dollar/yen pair was forecast to head toward 97 over the next six to 12 months, Iizuka said in a separate report on Wednesday, citing expectations that the dollar would depreciate against G-13 currencies in the medium term.
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Traders have been buying copper on the Shanghai Futures Exchange (ShFE) and selling on the London Metal Exchange (LME) on the view that the Chinese currency will continue to depreciate against the U.S. dollar, Barclays said in a March 603 report.
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"The market will now focus its attention on next week's Fed meeting ... if Fed Chair Powell indicates that a rate cut cycle is imminent, the dollar is likely to depreciate, which should in turn benefit gold," Commerzbank said in a note.
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COLOMBO, Feb 20600 (Reuters) - Sri Lankan rupee forwards fell on Tuesday on importer dollar demand, while dealers said they expected the currency to depreciate further due to rising imports, selling of government securities by foreign investors and slowing dollar inflows.
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"It is a very bad policy to let the yuan depreciate gradually and slowly towards a 'reasonable and balanced level' through sustained interventions," Yu, a former member of the central bank's Monetary Policy Committee, said in remarks reported on Caixin's website.
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COLOMBO, Feb 21 (Reuters) - Sri Lankan rupee forwards ended weaker on Monday on importer dollar demand, while dealers said they expected the currency to depreciate further due to rising imports, selling of government securities by foreign investors and slowing dollar inflows.
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"We had productive conversations, and they emphasized to me that it is not in their interest to see the RMB to continue to depreciate," Mnuchin told a news conference at the International Monetary Fund and World Bank annual meetings in Bali.
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Urban consumer inflation hit an eight-year high of 19.4 percent in November, the month when Egypt abandoned its currency peg of 8.8 to the U.S. dollar in a dramatic move that has since seen the currency depreciate roughly by half.
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Mr. Hatlapa added that, unlike rare 1960s classics such as the Ferrari 453 GTO, which has been priced at as much as $55 million, they usually lack the allure of a race pedigree and depreciate steeply the more they are driven.
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First, instead of having companies "depreciate" investments (that is, deduct their cost from their taxes over the time period when the investments are used), as is currently done, it would let companies deduct the full cost of the investment immediately.
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As part of the trade deal, which Trump is expected to sign during a White House ceremony on Wednesday, the two countries are expected to agree that they will avoid allowing their currency to depreciate to support any competitive advantage.
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Although the situation has improved since April, with the lari stabilising and remittances rising, Georgia's currency began to depreciate again in September and hit an all-time low of 2.5311 to the dollar on Tuesday, down from 2.5026 on Monday.
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In DiMicco's view, the last president who had any backbone on trade was Reagan, who got major trading partners to agree in 1985 to take coordinated action to depreciate the U.S. dollar against the Japanese yen and the German mark.
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Most banks now have a neutral position with respect to the renminbi, and Fitch estimates that the potential losses from TRFs would be small relative to bank earnings - even if the renminbi were to depreciate more sharply than we currently forecast.
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Annual inflation of 15 percent as of December and a currency that weakened nearly 20 percent versus the dollar last year, and continued to depreciate in 2019, has made buying basic necessities more difficult in the Western Hemisphere's poorest nation.
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But when the practical value of the norms and expectations you internalized in your youth begins rapidly to depreciate, it's almost impossible not to see further cultural change as deterioration — no matter what objective indicators of cultural health may say.
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The yuan posted a record yearly loss against the dollar last year and bearish bets on the currency hit a near six-year high as China's central bank allowed the currency to depreciate at a faster pace, a Reuters poll showed on Thursday.
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The yuan's weakness spurred concerns over capital outflows and raised speculation that Beijing may allow the currency to depreciate further to support the world's second-largest economy, although large state-run banks were suspected of intervening to slow the yuan's decline, traders said.
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Some dealers said they expect the central bank to allow market forces to determine the rupee's direction next year, while others said the bank would have to let the currency depreciate or raise key policy rates at a monetary board meeting this week.
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Probably not―extending a catcher into his mid-30s is always risky business, even when they're as good as Lucroy is, and relievers depreciate quicker than Q-tips―but it's not as inconceivable here as it is in 99 percent of rebuilding cases.
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"The PBOC let the CNY depreciate relatively fast over the past quarter, and the market does not really understand the rationale...In that situation the only thing to do is buy dollars," said Zhou Hao, senior emerging market economist at Commerzbank in Singapore.
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The government has also taken a series of steps to make it more difficult for money to move out of the country in recent weeks as funds have evacuated from yuan-denominated assets on concerns that the currency is set to depreciate further.
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"Normal lenders of the yuan, like Chinese banks, have refrained from injecting liquidity into the market recently due to speculation that the yuan will depreciate toward certain levels like 6.68, 6.7 per dollar," said a trader in a local bank in Hong Kong.
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SHANGHAI (Reuters) - China stocks closed higher in choppy trade on Tuesday as the central bank tried to stabilize the yuan after allowing it to sharply depreciate in the first week of the year, sowing confusion in global financial markets over its policy direction.
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Global questions about China's foreign exchange policy have erupted again early in 2016, as the central bank unexpectedly set its official midpoint rate for the currency on Thursday at a near five-year low, allowing it to depreciate at a faster rate.
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BEIJING (Reuters) - China's central bank should set a "bottom line" of 25 percent for the yuan to depreciate, stop intervening to help preserve foreign exchange reserves, Yu Yongding, a former central bank adviser, was quoted as saying by financial magazine Caixin on Thursday.
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The rupee went on a record-setting spree last week, hitting an all-time low of 13 per dollar on May 16, after the central bank chief said on May 11 that the currency would depreciate gradually as dollar outflows surpass inflows.
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COLOMBO, May 14 (Reuters) - The Sri Lankan rupee hit a record low of 158 per dollar on Monday in thin trade after the central bank chief said the currency will depreciate gradually while exporters stayed away from the market expecting further weakness.
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SHANGHAI, Oct 21 (Reuters) - China's yuan exchange rate slipped past 6.75 per dollar on Friday after the central bank set the daily midpoint weaker than that level for the first time in six years as it continues to let the currency depreciate.
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Bank of England Governor Mark Carney has said sterling could depreciate, "perhaps sharply" and some major banks have forecast an unprecedented fall to parity with the euro and as low as $1.20 in the days following any vote to leave the bloc.
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This is a raw deal for someone being paid in bitcoin who is actually reporting the payment, since they could be taxed on $500 of income only to have the bitcoin they received depreciate significantly in value before they can redeem it.
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It is all too likely that the euro will continue to depreciate as the European Central Bank steps up its unorthodox monetary policy measures in an effort to jump-start an anemic European economic recovery and stave off the threat of deflation.
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"In terms of my portfolio, I haven't done anything around Connect yet as A-shares are underperforming and we also have a view that the Chinese currency may depreciate," said Arthur Kwong, head of Asia-Pacific equities, at BNP Paribas Investment Partners.
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"We'll see what comes out as far as the ability to depreciate immediately, but that certainly would be beneficial because they are all big capital spenders," Schoonmaker said, noting that railroads spend 18 percent to 20 percent of revenue on capital expenditures.
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When a business wants to invest in new equipment or facilities — the kind of investments that allow businesses to grow and hire more workers — the U.S. tax code often requires it to depreciate its investment over somewhere between five and 2628 years.
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The South Korean won KRW= is forecast to lose 2 percent, while the Philippine peso PHP=, which is usually buffeted by relations between the country and China, is expected to depreciate 3 percent this year, adding to last year's 5.3 percent slide.
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"Since the expectation of capital inflow due to the inclusion of A-shares into MSCI has gone, the expected capital inflow dissipates, the yuan (both onshore and offshore yuan) is set to depreciate beyond 6.6 today," said Iris Pang, Natixis' senior economist for Greater China.
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These goals (perhaps combined with a new, more stringent RPS in Colorado) will help Xcel get permission from regulators to depreciate lots of uneconomic old fossil-fuel assets (which activists have been hassling it about anyway) and build, build, build a bunch of new stuff.
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While the world is concerned about a sharp depreciation of the RMB, we are reminded of the consequences of the Plaza Acord in 1985, when the Japanese yen appreciated by 40% following a concerted effort on behalf of major industrial countries to depreciate the dollar.
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The central bank will also face less pressure to allow the yuan to depreciate, making it easier to maintain a goal of keeping the exchange rate stable, she said, while higher Treasury prices would boost the paper value of the PBoC's holdings, increasing confidence.
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Many investors are betting there is more to come from Mexico's Trump rally, shrugging off forecasts by economists and foreign exchange analysts polled by Reuters that the peso could depreciate to 20 pesos per dollar by late September from its current level of 18.77.
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He also promised to incorporate a sensible growth-boosting reform that Congressional Republicans have long sought: allowing businesses to deduct the cost of investment from their corporation tax in the year the investment is made, rather than over time as the assets they acquire depreciate.
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A second reason to think that the Chinese authorities will allow their currency to depreciate against the dollar is that if they did not do so, their currency would appreciate along with the U.S. dollar against the currencies of all of its other trade partners.
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"Short-term fluctuation of the yuan exchange rate is normal, but in the long-run, China's economic fundamentals determine that the yuan will not depreciate persistently," Xiao Yuanqi, the spokesman for the China Banking and Insurance Regulatory Commission (CBIRC), told a finance forum in Beijing.
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The comment, at a forum in Beijing, follows speculation in foreign exchange markets that finance ministers at the recent G20 summit in Shanghai may have reached a tacit understanding in which the United States agreed to allow the dollar to depreciate, relieving pressure on other currencies.
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It had hit a roughly six-month low of 6.6991 after government economists and advisers involved in regular policy discussions told Reuters the People's Bank of China was willing to let the currency depreciate by as much as last year's record decline of around 5 percent.
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"The weakening renminbi also pushes Chinese deep pocket acquirers to speed up splashing billions of dollars overseas before their currency further depreciate," But amid increasingly tight scrutiny from regulatory authorities in both China and abroad, it remains to be seen whether this year's record pace can continue.
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The comment by Zhu Guangyao at a forum follows speculation in foreign exchange markets that finance ministers at the recent G20 summit in Shanghai may have reached a tacit understanding in which the United States agreed to allow the dollar to depreciate, relieving pressure on other currencies.
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Many bankers in the Gulf think Saudi Arabia remains very unlikely to depreciate the local currency because the benefit to state finances from higher oil revenue, following conversion from dollars to riyals, would be more than outweighed by a surge in import costs and a market panic.
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PARIS, April 12 (Reuters) - A new French franc would probably depreciate by up to 10 percent should France leave the euro, and banks would be asked to buy French bonds to prevent borrowing costs from spiralling out of control, Marine Le Pen's economic adviser said on Wednesday.
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Trying to generate growth through exports by letting the yuan depreciate isn't an option, due to concern about capital flight that saw foreign exchange reserves fall below $3 trillion earlier this year, and the worry that it could provoke the Trump administration into some kind of retaliation.
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If the original owner holds it, they have to depreciate according to the old rules; if they sell it to another party, then suddenly the full cost is eligible for expensing, and the net effect is an immediate deduction of the existing tax basis of the asset.
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If you're buying, you have some wiggle room and might be able to go a bit higher than 10 percent, since you'll actually own the vehicle as opposed to leasing it — but remember that cars depreciate rapidly, unlike other assets like homes, which can gain value over time.
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The $19 million Bugatti La Voiture Noire will have the exact inverse value curve of a regular car: it'll start to appreciate rather than depreciate the moment it's delivered, and after 20 or so years, it's likely to be an even more desired and exceptional art / status / wealth piece.
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Soaring steel price threatens China capacity cutsThe simple truths of languageLeicester City wonders how to repeat the miracle "Other things being equal it would be the MPC's job to loosen policy, and therefore to be happy for sterling to depreciate, just as they were in 2008," said Prof Wright.
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Some are helpful: it is less developed than Japan was in the 1980s, giving it more scope for catch-up growth—and for recovery from financial missteps; its exchange rate is under pressure to depreciate, not appreciate; its property bubble is less gigantic; and its stockmarket has already crashed.
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A Reuters poll of more than 50 foreign exchange analysts this week suggested that the yuan would likely slip to 6.90 per dollar by the end of this month, and then depreciate steadily to 7.14 in a year, which would mark its lowest level in nearly a decade.
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But luxury carmakers such as Porsche, BMW and Mercedes-Benz say they believe that the economic crisis has enticed the rich to take advantage of the weak ruble and invest in high-end cars, which traditionally do not depreciate as much in Russia as they do in the West.
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China guided its yuan currency stronger for a second straight session on Monday, in a move that might calm concerns about how ready Beijing is to let the currency depreciate, but added to doubts over Beijing's ultimate policy intent, and the move failed to stop investors selling Chinese shares.
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"The assumption has to be that growth is going to be slowing globally, and now we have the additional risk that the trade war morphs into a currency war especially if the Chinese currency continues to depreciate," said Chris Scicluna, head of economic research at Daiwa Capital Markets in London.
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"Looking ahead, we see limited upside for gold pricing given the limited room for the Fed to surprise to the downside, limited room for the dollar to depreciate, and limited room for China to drive (emerging market) currency strength to contribute to dollar weakness" the bank said in its note.
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"If the yuan depreciates too much, China can step up capital controls, we have a large amount of foreign exchange reserves, and ultimately, we have a bottom line, we cannot allow the yuan to depreciate more than 25 percent," Yu said according to a transcript posted on Chinese news portal Hexun.
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Stocks can sometimes tank when such a large shareholder sells off such a large volume of shares at once — and while the money in the DAF was no longer "theirs," the Fairbairns say they expressed concerns that their total Fidelity war chest could depreciate unless Fidelity handled the liquidation carefully.
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The owner could lose the deduction and be required to depreciate the plane over a longer period, which could be five to seven years depending on the type of aircraft, said Jerald D. August, tax partner and head of the international tax and wealth planning practice group at Fox Rothschild.
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"We think the U.S. economy is going to slow below 2% in 2020 — on the basis of that markets are going to price in a little more easing from the Fed … that could result in the dollar starting to depreciate broadly against many G-10 and emerging currencies," he said.
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Maybe it could, all in one smooth go, depreciate, let deadbeat firms fail, protect the creditors that need to be protected to prevent a panic, maintain the flow of credit to good borrowers, credibly promise to maintain aggregate demand through monetary easing, and support that promise as necessary through aggressive fiscal stimulus.
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A blast at tycoons who "corner the money of the world", Bryan's address ended with a call to issue dollars unbacked by gold—understood by his audience as a cry to let the dollar depreciate, slashing the real value of debts that, in his words, pressed a "crown of thorns" on workers' brows.
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"It is of paramount importance to fully appreciate that elucidating the neural substrates of these experiences does not diminish or depreciate their meaning and value, and that the external reality of "God" can neither be confirmed nor disconfirmed by delineating the neural correlates of religious/spiritual/mystical experiences," Beauregard and Paquette wrote in 2006.
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Additionally, "as the decision will drag euro and pound lower, the renminbi may need to depreciate against U.S. dollar if policymakers decide they do not want to see too much appreciation of renminbi against the trade-weighted basket," it said, but it added that it didn't expect an aggressive devaluation in the Chinese currency.
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The official, speaking to reporters ahead of Treasury Secretary Jack Lew's trip to Beijing for the annual U.S.-China Strategic and Economic Dialogue meetings, said a "hallmark" for China to achieve a market-determined exchange rate would be "two-sided flexibility" that allows the yuan to both appreciate and depreciate in response to market pressures.
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Additional pressure usually builds near the end of the Iranian fiscal year in March, when government officials allow the rial to depreciate, using the widening spread between the budget's official exchange rate and the market rate to close the budget deficit by enabling the Central Bank to get more rial for each dollar it sells.
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"We … have been talking to clients a lot about switching into strategies that are a lot less correlated to traditional drivers of return within bond strategies, so a more long-short approach as opposed to a long-only approach," Aronov said, referring to taking new, shorter-term investment positions in bonds that are expected to depreciate over time.
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"The world went into this crazy panic about it, which was quite extraordinary because we'd watched the yen and the euro depreciate quite rapidly in 2014 and people came out with all these theories about why China was much more significant, " Adrian Mowat, chief Asian and emerging market equity strategist at JPMorgan, told CNBC's "Squawk Box" on Monday.
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The official, speaking to reporters ahead of Treasury Secretary Jack Lew's trip to Beijing for the annual U.S.-China Strategic and Economic Dialogue meetings on June 6-7, said a "hallmark" for China to achieve a market-determined exchange rate would be "two-sided flexibility" that allows the yuan to both appreciate and depreciate in response to market pressures.
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BECAUSE THERE ARE A LOT OF COMPANY THAT IS OVERSTATE THEIR EARNINGS, A LOT OF COMPANIES THAT DON'T DEPRECIATE PROPERLY, SO YOU'VE GOT TO REALLY, IT'S NOT FOR THE FAINT OF HEART EVEN THERE, AND THE MARKET HAS GONE UP SO DAMN MUCH THAT THERE ARE A LOT OF COMPANIES THAT ARE RISKY EVEN AT BEST.
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"If the yuan depreciates too much, China can step up capital controls, we have a large amount of foreign exchange reserves, and ultimately, we have a bottom line, we cannot allow the yuan to depreciate more than 25 percent," Yu, a former member of the central bank's Monetary Policy Committee, said, according to a transcript posted on Chinese news portal Hexun.
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Now, as a business owner, if I can buy a truck that can work 24 hours a day and never get tired and I get to depreciate the asset, or I can have an employee who I have to pay for health care for and only works seven or eight hours, it's pretty obvious where this is going to go.
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"We think the dollar is likely to depreciate when the global economy improves and also when global investors become more risk-averse," said UBS strategists in a research note, in a break with what they said was the dollar's traditional outperformance when the U.S. economy outperforms its peers or when global risk aversion drives investors to the safety of U.S. assets.
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"These protests will shine a light on the difference between investors who make billions, and drivers who make less than minimum wage, putting in countless hours and watching their cars depreciate in value every additional mile they drive," said Gig Workers Rising, an organizing group behind the driver strike dubbed "Deactivate Uber Billionaires," in a tweet about the planned protests.
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After the removal of Section 85033, hardly any manufacturer moved from Puerto Rico to the U.S. Most likely, many subsidiaries will move to Asia, where they can hire educated labor at a lower salary and at the same time, negotiate with those countries to depreciate their currency as a way to counteract the effect of the 20-percent excise tax.
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"If the price of the underlying futures contracts increases by more than 80 percent in a day, it is extremely likely that the Inverse ETNs will depreciate to an Intraday Indicative Value or Closing Indicative Value equal to or less than 20 percent of the prior day's Closing Indicative Value and will be subject to acceleration," read the company prospectus.
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"If you look at investments into China from foreign investors, those foreign investors would be lot more cautious if they fear that the Chinese currency would depreciate in a strategic, or in a tactical, manner," he said, adding that based on his conversations with various officials in Beijing, it didn't seem like artificially lowering the yuan was part of the policy.
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The pound depreciated on the day after the referendum by about 83% against the dollar: The bigger [one-day] moves [in sterling]... are 1) 19 Sep 1949: (-29.79%) Pound devalued under Bretton Woods due to economic concerns; 27) 225 Sep 201: (-27.89%) Gold Standard abandoned in the Depression; 27.14) 193 Sep 219: (-21866%); 27.76) 20 Nov 1967: (-13.02%) Harold Wilson's famous 'pound in your pocket' devaluation to battle the UK's economic problems; 5) 25 Mar 1863: (-18663%); 6) 10 May 1940: (-9.79%) War related deviation from the dollar peg; 7) 25 Sep 1931: (-7.89%) A few days after the Gold Standard was abandoned, the pound continued to depreciate although it did jump by 7.14% next day.
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KEY ASSUMPTIONS Fitch's key assumptions within our rating case for the issuer include: - contracted sales of HKD1bn in 2017 - refinancing the majority of its short-term debt, which consists of secured borrowings backed by CPG's key property assets, which Fitch does not expect to depreciate in the next 12 months - no new land acquisitions and limited development expenditure in 2017 RATING SENSITIVITIES Future Developments That May, Individually or Collectively, Lead to Positive Rating Action - contracted sales of over HKD3bn per year on a sustainable basis and the company undertaking reasonable project developments Future Developments That May, Individually or Collectively, Lead to Negative Rating Action - deterioration in CPG's liquidity LIQUIDITY Tight Liquidity: CPG has limited operating cash inflow and is relying on refinancing to repay its total debt (excluding shareholder's loan) of around HKD8bn as of end-June 2016.
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