PBoC strengthens Yuan for fifth consecutive day
Jan 28, 2016 09:20 am UTC| Commentary Central Banks
Peoples Bank of China (PBoC) strengthened Yuan for fifth consecutive day today via its fix, most probably in an attempt to keep it stable against Dollar and against basket of currencies. Yuans movement just few weeks back,...
Germany’s HICP inflation likely to average 0.7% in 2016, 1.7% in 2017
Jan 28, 2016 09:11 am UTC| Commentary
Germanys January flash HICP inflation is likely to accelerate higher to 0.3% y/y, as compared with December s reading of 0.2%. This slight rebound in the headline component might occur mainly due to positive base effects...
Pound lurks in the shadow of 2008
Jan 28, 2016 09:03 am UTC| Commentary
Pound this year has sharply deteriorated against its major trading counterparts. Against Dollar, it is down about 3.2%, against Euro 3.7%, against Yen 4.5% and 1.8% against Franc as of today and that is not the low of...
Malaysia’s 2016 fiscal deficit target unchanged at 3.1% of GDP
Jan 28, 2016 08:42 am UTC| Commentary
Malaysias Prime Minister Najib Razak announced the countrys 2016 budget restructuring, keeping fiscal deficit target unchanged at 3.1% of GDP. The Malaysian government expects oil prices in 2016 to be USD30-35/bbl as...
Australian Dollar’s pain hardly over as TOT deteriorates fast
Jan 28, 2016 07:45 am UTC| Commentary
According to latest report from Australian Bureau of Statistics (ABS), Australias terms of trade (TOT) suffered a massive blow in fourth quarter of 2015. As per ABS data, export price index dropped -5.4% for the quarter,...
South Korea’s December industrial production likely recovered after shrinking in past two months
Jan 28, 2016 07:13 am UTC| Commentary
South Koreas December industrial production is likely to have recovered after it registered contraction in October and November. According to the exports data for December, there is a clear contrast between weakness in the...
Japan’s December jobless rate likely to remain unchanged at 3.3%
Jan 28, 2016 07:00 am UTC| Commentary
Japans jobless rate has remained lower than 3.5% for some time, while labour demand and supply has become tight. The countrys December unemployment rate is expected to remain unchanged at 3.3%. Meanwhile, in the last few...
U.S. payrolls exceeded expectations significantly, while the unemployment rate dropps to 4.1%.