Czech Koruna:1-3 Month Outlook
Aug 12, 2015 06:39 am UTC| Commentary
In the past month, EUR/CZK has hit its lowest level of 27.006 since November 2013. CNB has intervened on the FX market for the first time since it established the 27.00 cap in November 2013.CNB confirmed that it intervened...
US financial instability still in risk
Aug 12, 2015 05:48 am UTC| Commentary
The move by the PBoC couldtriggeran episode of capital flight out of China and other emerging market economies. Barclays suspects, If so, the episode could lead to a worsening of financial market conditions inside the...
South Korean low unemployment rate hints higher growth rate in Q2
Aug 12, 2015 05:30 am UTC| Commentary
Employment rate in South Korean manufacturing, construction and other services has increased after the shock from the MERS outbreak started to fade. As a result, the unemployment rate is expected fall in the coming months....
PBOC sets Yuan reference rate lower again
Aug 12, 2015 04:48 am UTC| Commentary
For the second time in two days the Peoples Bank of China changed the reference rate for the Yuan against the US dollar, pegging it 1.6% lower, causing further disturbance in the markets.Chinas central bank continued to...
South Korean unemployment rate to fall in coming months
Aug 12, 2015 04:36 am UTC| Commentary
The pace of hiring in manufacturing, construction and other services picked up after the shock from the MERS outbreak started to fade. The pickup in manufacturing hiring suggests that new launches by the auto companies...
Daily Economic Outlook: 12 August 2015
Aug 12, 2015 04:14 am UTC| Commentary
The MPCs expectation that productivity growth in the UK should recover is expected to be supported by todays labor market data. Against a still-firm activity backdrop, momentum in the UK labor market appears to have slowed...
CNY depreciation on Fed policy
Aug 12, 2015 04:06 am UTC| Commentary
The PBoC moved the USDCNY fixing higher by 1.9%. The official release by the PBoC noted that the move is intended as a one-off adjustment and is one step toward liberalizing the FX market. The authorities have been...