German growth weaker than expected in H1 but consumption likely to return
Aug 12, 2015 22:43 pm UTC| Commentary
Germany looks likely to print growth of 0.3% qoq in Q2, lower than in the June forecasts. While monthly indicators suggest even lower growth, some recent data (retail sales and industrial production in June) is expected to...
Aug 12, 2015 22:13 pm UTC| Commentary
The depreciation of the Canadian dollar continued unabated over much of the past month, with USD/CAD hitting a new 11-year high above 1.32 in early August. The last couple of days, however, have seen heightened volatility,...
Aug 12, 2015 21:56 pm UTC| Commentary
AUD/USD has continued its trend weakening over the past month, hitting a new six-year low of 0.7216 following Chinas currency move. The continued weakening in global commodity prices has also impacted on AUD sentiment. The...
US: PBoC increases risk but September rate hike still on
Aug 12, 2015 21:50 pm UTC| Commentary
The move to a more free floating CNY has caused a close to 3% depreciation of the CNY against the USD, with ripple effects across the rest of Asia. This prompts the question of whether the shock to the effective USD...
Aug 12, 2015 21:23 pm UTC| Commentary
USD/JPY continued to trend higher for much of the past month, reaching an intra-month peak of 125.28 following the devaluation of the yuan earlier this week. At the time of writing, however, it has broken below 124, with...
Aug 12, 2015 21:08 pm UTC| Commentary
Having spent the past month in a fairly narrow range, GBP/USD ended much where it began, just above 1.56. This lack of movement was partly attributable to thin summer trading conditions. But more fundamentally, it appears...
Aug 12, 2015 20:54 pm UTC| Commentary
Having been confined to a range of 1.0850-1.11 for much of the month, the EUR broke higher following the surprise devaluation of the Chinese Yuan - rising to a 5-week high above 1.12. The spike higher was largely...