The term structures in the major currencies show traders’ focus in the front-end given the upcoming central bank meetings, albeit amid low expectations for wide moves ahead.
Albeit
conjunction
though: he was making progress, albeit rather slowly.
The Bloomberg Dollar Spot Index slips 0.1% Friday and is poised to gain 1% this week, the most since the week ended Sept. 8
Be poised
be ready and prepared to do something: [with infinitive] : teachers are poised to resume their attack on government school tests.
Egypt’s credit outlook was cut to negative from stable by Moody’s Investors Service while the pound’s weakening on the black market accelerated, in a sign of the country’s worsening economic plight.
Plight
a dangerous, difficult, or otherwise unfortunate situation: we must direct our efforts towards relieving the plight of children living in poverty.
Taiwan’s central bank issued a rare statement this week to calm investors after global funds slashed their holdings of the island’s stocks and the local currency swooned.
Slash
informal
reduce (a price, quantity, etc.) greatly: the workforce has been slashed by 2,000.
Swoon
literary
faint, especially from extreme emotion: Frankie's mother swooned and had to be helped to the headmaster's office.
Investors are dusting off intervention playbooks once again as a resurgent dollar raises the specter of fresh efforts from officials to protect their currencies.
Dust off
(remove dust from) 擦去…的灰尘 cāqù… de huīchén ‹furniture, surfaces›
Resurgent
increasing or reviving after a period of little activity, popularity, or occurrence: the nation's resurgent economy.
Playbook
a book containing a sports team's strategies and plays, especially in American football.
China’s $6.3 Trillion Stock Rout Getting Uglier by the Day
Rout
a disorderly retreat of defeated troops: the retreat degenerated into a rout.
China Swap Market Goes Into Overdrive as Traders Seek FX Bypass
Overdrive
a state of great or excessive activity: the city's worried public relations group went into overdrive.
Since Brexit made it harder for Europeans to work in the UK, British pubs and restaurants have come to rely on labor from further-flung parts of the world.
further-flung
The term "further-flung" is typically used to describe places that are distant or remote relative to a point of reference. It suggests locations that are spread out more widely or situated farther away, often involving greater effort or difficulty to reach.
A truck sloshes through the mud at the busy building site on the coast south of Lisbon.
Slosh
move through liquid with a splashing sound: they sloshed up the tracks in the dank woods.
The Federal Reserve’s internal watchdog cleared two former policymakers of legal wrongdoing in a years- long probe into their personal trading activity in 2020, but chastised them for undermining public confidence in the central bank.
Chastise
rebuke or reprimand severely: he chastised his colleagues for their laziness.
Orders to Taiwan’s exporters from overseas clients nosedived in December as plummeting demand from the US and Europe brought a brief rebound to an abrupt end.
Nosedive
deteriorate suddenly and dramatically: massive strikes caused the economy to nosedive.
Plummet
decrease rapidly in value or amount: hardware sales plummeted.
Slowing inflation and wobbly demand suggest it needs to keep stimulus at full-bore.
Wobbly
tending to move unsteadily from side to side: the car had a wobbly wheel.
Full-bore
full speed or maximum capacity: the real excitement comes from driving it at full bore | [as adverb] : the boat came full bore towards us.
This deflationary pattern (persisting for the third consecutive month) is a rare occurrence, last consistently seen in 2009.
Occurence
an incident or event: vandalism used to be a rare occurrence.
This trend of deflation in China suggests subdued demand coupled with an oversupply.
Subdued
(of a person or their manner) quiet and rather reflective or depressed: I felt strangely subdued as I drove home.
Coupled with
The phrase “be coupled with” is used to describe something that is joined, connected or associated with another thing, typically in a way that the two elements complement or enhance each other.
China’s boldest plan yet to stem the current stock market rout is facing a wall of skepticism as disillusioned investors say any rebound will prove fleeting without a fundamental fix for its ailing economy.
Bold
(of a person, action, or idea) showing a willingness to take risks; confident and courageous: a bold attempt to solve the crisis | he was the only one bold enough to air his dislike.
Stem
[with object] (of a boat) make headway against (the tide or current): if the wind will only freshen a little, we shall be able to stem the first of the flood.
Disillusion
cause (someone) to realize that a belief they hold is false: if they think we have a magic formula to solve the problem, don't disillusion them.
Fleeting
lasting for a very short time: for a fleeting moment I saw the face of a boy.
Ailing
in poor health: I went to see my ailing mother | the ailing economy.
Bank of Japan Governor Kazuo Ueda kept investors in the dark over when he will scrap the world’s last negative interest rate while leaving little doubt that a move is in the pipeline.
Scrap
discard or remove from service (a redundant, old, or inoperative vehicle, vessel, or machine), especially so as to convert it to scrap metal: a bold decision was taken to scrap existing plant.
In the pipeline
in the process of being planned or developed: the company has three new models in the pipeline.
