Korean inflation remains below BOK's target
Aug 11, 2015 05:43 am UTC| Commentary
KRW was the worst performing Asian currency in July, dropping by 4.5% against the USD. The domestic data was not all that bad. Rather, the main factor behind KRWs sharp underperformance was technically driven as USD/KRW...
INR a relative outperformer, implementation of the reform agenda crucial
Aug 11, 2015 05:36 am UTC| Commentary
The bigger issue for INR watchers is the progress of structural reform or lack thereof. In early August, PM Modi agreed to drop clauses from the land bill. Theongoing discord in parliament between Modi and the Opposition...
India rupee limited downside in near term
Aug 11, 2015 05:33 am UTC| Commentary
Indian Rupee (INR) was one of the better performers in July with a decline of just 0.83% against the USD. The performance was consistent with our constructive view of INR. Domestic data in the month of July was also, on...
USD/RMB higher, but RMB a regional outperformer
Aug 11, 2015 05:31 am UTC| Commentary
The longer PBC maintains a grip on CNY through stable fixings that do not reflect the macro-fundamentals and/or maintaining the current +/-2% daily onshore spot trading band, the higher the probability growth will slow...
Further easing needed for Chinese Yuan
Aug 11, 2015 05:25 am UTC| Commentary
Recent volatility in Chinese stock markets has had limited impact on CNH vols, reflecting the PBCs relentless grip on the exchange rate through stable daily fixings. Q2 Chinese GDP came in stronger than expected at...
NZD/USD to trend lower in long term
Aug 11, 2015 05:13 am UTC| Commentary
Beyond the two additional cuts which are expected this year, more evidence of a softer terms-of-trade should maintain a weaker activity and employment outlook, and should keep the RBNZ with a neutral/soft dovish bias."Over...
Taiwan exports start Q3 on weak note
Aug 11, 2015 04:49 am UTC| Commentary
Taiwan exports again posted negative growth rate of -13.9% in June which recorded -3.8% in May. Consensus expected the economys exports to drop by 10.5% due to a significant fall in refinery and petrochemicals shipments -...