Swedish CPI data trigger for more SEK weakness?
Aug 13, 2015 07:18 am UTC| Commentary
Swedish Riksbank is likely to publish inflation figures for July. So far, there has been no sign of a reversal of the inflation trend in Sweden. The Riksbank is particularly keen to see this happen."Unfortunately todays...
Aug 13, 2015 07:13 am UTC| Commentary
While the reaction of USD exchange rates to developments in China is understandable, the movement in EUR rates is somewhat surprising. For the EUR has benefited most so far - clearly acting as a safe haven. However,...
Will China's depreciation postpone Fed rate hikes?
Aug 13, 2015 07:06 am UTC| Commentary
A sack of rice falls over in China, and the global financial markets tremble. Of course, this is not just any old sack. The decision by the Chinese central bank, to allow market forces to play a greater role in determining...
Banxico unlikely to hike bank rates amid softer growth
Aug 13, 2015 06:28 am UTC| Commentary Central Banks
Banxico published its Quarterly Inflation Report for the second quarter yesterday. Due to fall in oil production and manufacturing exports, the bank revised its annual growth forecasts for 2015 to a range of 1.7-2.5% from...
Bank of Korea easing risks fade little as vital signs improve
Aug 13, 2015 05:46 am UTC| Commentary Central Banks
The Bank of Korea held the policy rate at 1.5% in August as expected, after cutting rates in June. Todays decision was unanimous, helped by the firming of activity in the services economy after the MERS outbreak. The...
Asian markets settle as PBoC currency fix becomes norm
Aug 13, 2015 04:56 am UTC| Commentary Economy
China devalued its currency for the third consecutive day on Thursday, setting the USD/CNY fix at 6.401, 1.1% higher than the previous fix. Thursday is the third consecutive day that the central bank has devalued its...
Daily Economic Outlook:13th August, 2015
Aug 13, 2015 04:20 am UTC| Commentary
While concerns about China are currently dominating markets the Feds decision on interest rates will ultimately be driven by its assessment of US economic conditions. Todays retail sales data for July will provide the...