Neil Shearing, chief emerging markets economist at Capital Economics, said that the drop in Russia's currency reinforced the research consultancy's view that the central bank is likely to deliver another big increase in interest rates next week.
China may be trying to carve out a niche for the yuan as a "regional trade currency", thinks GaveKal Dragonomics, a consultancy.
But the measure clearly had very little impact in the short term.The effect of such a big currency move may be significant; Capital Economics, a consultancy, says that some 60% of Swiss exports go to the euro zone and the United States, and its exporters will be a lot less competitive after such a shift.
Nikola Tesla's revenge Following the footprints The armour strikes back Parallel bars Alpha geek Reprints"In the last 12 months, carbon footprinting has become common currency," says Harry Morrison of the Carbon Trust, a consultancy funded by the British government which has footprinted more than 5,000 products worldwide, from building materials to pharmaceuticals.
Second, the entire political consultancy industry makes innovative ideas almost impossible to gain currency.
"That would exacerbate Argentina's current situation of currency distortion, inflation and economic slowdown," says Eduardo Levy Yeyati of Elypsis, a consultancy.
AlixPartners, a consultancy, said last year that the joint effect of pay, logistics and currency fluctuations had made Mexico the world's cheapest place to manufacture goods destined for the United States, undercutting China as well as countries such as India and Vietnam.Companies have noticed.
Recently, British consultancy Magister Advisors said bitcoins could become the world's sixth-largest reserve currency in 15 years, rivaling the Swiss franc or the Australian dollar.
Bluestone Currency offers currency exchange rates up to 5% better than the banks as well as consultancy on transactions and free international transfers.
As the strategy director of brand consultancy Siegel+Gale recently put it: "Knowing how and where something is made gives it social currency". Meanwhile, the fast fashion brands are losing their allure.
