USD/TRY likely to stabilize at around 4.00 by late-2018, says Commerzbank

Mar 22, 2018 08:32 am UTC| Commentary Economy

The USD/TRY currency pair is expected to stabilize at around 4.00 level by the end of this year, according to the latest research report from Commerzbank. The lira appeared to stabilize yesterday as the USD retreated ahead...

Australian employment extend gains in February; wage pressures to remain muted on labour market spare capacity

Mar 22, 2018 06:59 am UTC| Commentary Economy

Australias Employment rose again in February, extending the record string of jobs gains. The rise in both the unemployment and underemployment rates was, however, quite disappointing. The strength in the jobs market is...

New Zealand bonds gain at close after RBNZ Acting Governor Spencer hints at uncertainties, fails to surprise markets

Mar 22, 2018 06:21 am UTC| Commentary Economy

New Zealand government bonds gained at the times of closing Thursday after the Reserve Bank of New Zealands (RBNZ) Acting Governor Grant Spencer hinted that a number of uncertainties continue to hover and the central bank...

JGBs gain as manufacturing PMI falls to 9-month low in February

Mar 22, 2018 04:48 am UTC| Commentary Economy

Japanese government bonds gainedThursdayafter manufacturing PMI declined to nine-month low for the month of February. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, fell 1/2 basis...

Australian bonds climb after February unemployment rate ditches market expectations

Mar 22, 2018 03:20 am UTC| Commentary Economy

Australian government bonds gainedon Thursdayafter unemployment rate for the month of February ditches market expectations, rising to 5.6 percent. The yield on the benchmark 10-year Treasury note, which moves inversely...

U.K. public finances deficit rises slightly above expectations in February

Mar 21, 2018 21:15 pm UTC| Commentary Economy

The U.K. public finances saw a slightly above expected deficit in the month of February. The deficit came in at GBP 1.3 billion. This was a deterioration of GBP 2.5 billion compared to last February, owing to lower income...

U.K. average earnings growth rises above expectations in January

Mar 21, 2018 18:47 pm UTC| Commentary Economy

Average earnings growth in the U.K. came in above predictions to a 28-month high of 2.8 percent in January, as private sector earnings growth reached 3 percent year-on-year and its three month-on-three-month rate, which...