Turmoil in the foreign currencies will continue through- out this year till 2016. Russian rouble has not stabilized yet from the 40% dropped since last year. The Swiss franc have surged around 30% after the Swiss National Bank decided to remove the support of the Euro. Yen
will continue to slide further as a result of Bank of Japan (BOJ) ag- gressive quantitative easing, Euro is set to be weaken further when it start its 1 trillion bond buying debut this month. Major central banks (e.g. Singapore, Malaysia, Indonesia, Thailand, Taiwan, HongKong, Australia, etc.) will eventually start to ease their monetary policies when they see their economies become uncompetitive if their curren- cies remain strong.
In my opinion, major economies (i.e. US, UK, Japan, China, Korea, Euro countries) were just on drip from the excess liquidity (i.e. inter- est rate reduction and major qualitative easing) in the markets. The mirage in the financial markets will soon disappeared once there is a withdrawal / de-leveraging of the excess liquidities or when ordinary people start to lose faith with the paper currencies. The disappoint- ment and a loss of faith in the economies will create a financial holo- caust (10 times worse) than the 2008 financial crisis.
