German GDP growth rate on downside risk
Aug 14, 2015 07:10 am UTC| Commentary
The Chinese export boom reached its peak quite some time ago and support from South-East Asia as a whole has been shrinking noticeably in recent years, Chinas problems will impose quite a strain on the German...
Fall in energy futures prices lowers US CPI forecast profile
Aug 14, 2015 05:36 am UTC| Commentary
US CPI inflation data is scheduled to release on 19th August. Barclays has revised down their CPI profile from last update on July 17. Since then, energy futures prices have moved sharply lower as the price of crude oil...
PBOC not in favor of significant devaluation of CNY
Aug 14, 2015 05:10 am UTC| Commentary
Chinas move to adjust the mechanism for determining the USDCNY fixing sent shockwaves through EM rates and FX markets. The large movements in EM FX markets have fuelled speculation of weaker growth outcomes in China, a...
Experts say fixing should narrow on sustainable basis
Aug 14, 2015 05:07 am UTC| Commentary
PBoC announced biggest adjustment to CNY fixing on record, moving the USDCNY fixing higher by 1.9%. The shift in determination of the midpoint highlights that the sharp deviation of market USDCNY expectations versus the...
CNY flexibility takes leap forward
Aug 14, 2015 04:41 am UTC| Commentary
Adjustment in the USDCNY fixing was announced earlier this week as a further step towards liberalising the domestic FX market. The move also reflects the fact that the CNY REER has been far stronger than other currencies....
Asia trades mixed as PBoC halts Yuan devaluation
Aug 14, 2015 04:26 am UTC| Commentary
Chinas central bank created a rollercoaster ride in the markets this week, but the ride was drawing to an end in a calm fashion on Friday, with the Peoples Bank of China (PBoC) setting the USD/CNY rate lower for the first...
Daily Economic Outlook: 14th August, 2015
Aug 14, 2015 04:16 am UTC| Commentary
The mornings domestic focus is likely to centre on construction data for June. With construction output estimated to have been flat over the quarter in Q2, the ONS preliminary GDP estimate assumes a rebound of 2.3% in June...