Thailand GDP growth expected at 3.8% in 2016
Aug 17, 2015 07:55 am UTC| Commentary
Thailand Q2 GDP posted 0.4% q/q sa growth was as expected. On a y/y basis, growth moderated to 2.8%, down from 3.0% in Q1. Growth remains disappointingly sluggish in Thailand, with tourism and a modest fiscal bounce the...
CNY under pressure due to capital outflows
Aug 17, 2015 07:34 am UTC| Commentary
PBoC set the USD-CNY fixing rate at 6.3969 this morning, compared with the previous fixing of 6.3912. Both CNY and CNH exchange rates were narrowly range traded last Friday and this morning. Ma Jun, chief economist of...
Pressure returns on EUR-CZK floor
Aug 17, 2015 07:31 am UTC| Commentary
Czech GDP data for Q2 turned out to be very strong. The economys GDP was 1 percent stronger than consensus expectation as it posted at 4.4% y/y growth. Although the strength of the economy through H1 reflects the sharp...
Australia's concerns towards risks from China to rise
Aug 17, 2015 07:16 am UTC| Commentary
The Reserve Bank of Australia (RBA) will release the minutes of its August meeting during the night. However, one should not read too much into these statements. For Australia, economic developments in China, its...
Japan’s economy declines in the 2nd quarter
Aug 17, 2015 07:13 am UTC| Commentary
Prime Minister Shinzo Abe and Bank of Japan (BoJ) Governor Haruhiko Kuroda are probably quite concerned about the success of Abenomics. Japanese growth is not picking up, in the second quarter, GDP contracted by 1.6%...
ECB monetary policy is weakening the Euro
Aug 17, 2015 07:11 am UTC| Commentary Central Banks
If Greek membership in the euro area is indeed to be irreversible, the Eurozone will need to implement for far-reaching reforms, or be willing to enter into further bail-out negotiations. With the Greek crisis over, the...
Aug 17, 2015 07:09 am UTC| Commentary
Greece is and will irreversibly remain a member of the euro area. With these words, European Commission President Jean-Claude Juncker welcomed the new bailout programme for Greece on Friday. The agreement of the...