Currency War Series

Central Bank of Republic of Turkey likely to rise repo rate by 50bps

Dec 22, 2015 10:10 am UTC| Commentary Central Banks

Turkeys central bank, CBRT is yet to announce its rate decision today. Most of the market participants expect the bank to rise its repurchase rate by 50 basis points to 8%. The central bank governor Basci presentes the...

Japanese SMEs pessimistic heading into 2016

Dec 22, 2015 09:34 am UTC| Commentary Business Central Banks

While Bank of Japan (BOJ) policymakers are more optimistic on economy despite risks from slowdown in China and other emerging markets, increased rates from US Federal Reserve, Japanese small business sector arent sharing...

Renminbi Series

China devaluing RMB- An inaccurate assessment?

Dec 22, 2015 07:23 am UTC| Commentary Central Banks

RMB was finally included in SDR, which was symbolic and political acheivement in Chinas long approach towards internationalising the RMB. Since the decision, CNH is worst performer in Asian currencies, with CNY not too far...

RBNZ unlikely to cut rates and threaten NZD lower in short term

Dec 22, 2015 06:01 am UTC| Commentary Central Banks

New Zealand Dollar continues to trade well, in trade weighted terms at a six month high. Reserve Bank of New Zealand may have cut rates early in December but hinted that the easing cycle may be closed, and turned to what...

BoC likely to begin tightening monetary policy in Q4 2016

Dec 22, 2015 05:08 am UTC| Commentary Central Banks

As the year progresses, a pullback is likely in USD/CAD, on an expected stabilization after rebounce in crude oil prices, better performance in non resource sector. Benefits of a weak CAD are likely to present a boost...

Currency War Series

BoJ tweaks policy as growth firms

Dec 21, 2015 23:54 pm UTC| Commentary Central Banks

The recent data flow from Japan on balance has been encouraging. Reports indicate that business expansion has strengthened and broadened, spanning from the labor market to capex. This weeks BoJ Tankan reinforced this...

Currency War Series

BoE to follow Fed but not in a hurry

Dec 21, 2015 23:18 pm UTC| Commentary Central Banks

The Bank of England is expected to follow the Fed in coming months, launching a rate cycle before midyear. The UK labor market continued to strengthen this week, with a strong gain in jobs and another drop in the...