Greece’s issues unlikely to affect the CFA franc zone: Standard Chartered
Feb 23, 2015 06:57 am UTC| Commentary
Quotes from Standard Chartered: -Grexit looks unlikely, but the risk is not negligible. Under such a scenario, where Greece leaves the euro area but the EUR continues to exist and remains Frances currency, there would be...
EUR depreciation likely to benefit most CFA franc countries: Standard Chartered
Feb 23, 2015 06:55 am UTC| Commentary
Quotes from Standard Chartered: -The euro (EUR) and the CFA franc have de preciated c.13% against the US dollar (USD) from a year ago. While we see negative implications for the CFA franc zone, for example in terms of...
Daily outlook for EUR/DKK: Nordea
Feb 23, 2015 06:52 am UTC| Commentary
Quotes from Nordea Markets: -EUR/DKK spiked towards the central parity on Friday after Nationalbanken commented that it is ready to use capital controls, if needed, to defend the peg. -It is questionable, as the comment...
Feb 23, 2015 06:51 am UTC| Commentary
Quotes from Nordea Markets: -NOK again tracked the Brent oil price on Friday and will remain mostly an oil play this week. The unemployment rate and retail sales reported this week should not matter much. -While a small...
Feb 23, 2015 06:49 am UTC| Commentary
Quotes from Nordea Markets: -SEK is still struggling as the Riksbanks easing expectations linger. The Riksbanks minutes do matter for the SEK this week - any indications of the lower bound being lower or other easing...
Daily outlook for EUR/USD: Nordea
Feb 23, 2015 06:49 am UTC| Commentary
Quotes from Nordea Markets: -The EUR/USD weakened early Friday despite the stronger composite PMI reading as the jitters concerning Greece and rumours of Grexit, predominated the sentiment. But late in the date...
Yellen likely to repeat that Fed will be "patient" before raising rates: Nordea
Feb 23, 2015 06:48 am UTC| Commentary
Quotes from Nordea Markets: -Tomorrow the focus will shift to the Fed with Janet Yellen presenting her semi-annual monetary policy testimony to Congress. -We expect her to repeat that the Fed will be "patient" before...