FxWirePro: Revival in Chinese FX trading centre, how would it impact on CNY dynamics?

Jan 16, 2017 07:25 am UTC| Central Banks

At Chinas Foreign Exchange Trading Center: This week announced revisions to the currency composition and weights in its CFETS trade-weighted index, effective January 1, 2017. In the new basket, the number of currencies is...

European Central Bank likely to end status quo on monetary policy

Jan 16, 2017 07:01 am UTC| Central Banks Economy Commentary

The European Central Bank (ECB) is expected to hold its first monetary policy meeting of 2017 on Thursday, January 19. It is widely expected to end in the decision to maintain the status quo on monetary policy. Also, the...

Fundamentals to watch out for this week

Jan 16, 2017 06:59 am UTC| Commentary Central Banks Economy

This week is heavy with events which might trigger massive volatilities in the market. What to watch for over the coming days: Central banks: On Wednesday, the Federal Reserve Chair Janet Yellen is scheduled...

Central Banking Series

Bank Indonesia likely to keep interest rate steady, monitor rupiah in 2017

Jan 16, 2017 06:36 am UTC| Central Banks Commentary Economy

The Bank Indonesia (BI) is expected to hold its first monetary policy meeting on Thursday, January 19. It is widely expected to keep its benchmark interest rate unchanged at 4.75 percent for foreseeable future as the...

Central Banking Series

PBoC likely to raise interbank yuan funding costs in offshore market, says Scotiabank

Jan 16, 2017 06:25 am UTC| Commentary Central Banks

The Peoples Bank of China has reportedly ordered certain commercial banks to balance their monthly outbound RMB payments and inbound RMB receipts, noted Scotiabank in a research report. Offshore yuan funding costs are...

Central Banking Series

ECB minutes show strong consensus in favour of QE, growing confidence in the blocs recovery

Jan 13, 2017 15:46 pm UTC| Commentary Central Banks Economy

ECB minutes of the December meeting were largely hawkish, but some discord was seen over QE. Some ECB members were against any extension of the institutions mass bond-buying programme as inflation picked up in the euro...

FxWirePro: Can Swiss BoP outstrip SNB? Hedge EUR/CHF via vanilla structures as OTC tools indicate downside risks

Jan 13, 2017 13:45 pm UTC| Research & Analysis Insights & Views Central Banks

Short EURCHF: This trade serves as a portfolio-level hedge against forthcoming European political risk (we have a range of long Europe/short USD bloc trades and so have an implicit long exposure to EURUSD). But the...