Currency War Series

BoC’s likely to hike rates in imminent future

Dec 02, 2015 10:09 am UTC| Commentary Central Banks

Import prices in Canada have increased by 10.3% year on year and export prices by only 1.8%. As a result, terms of trade of the economy are becoming worse. This also leads to an inflationary pressure in the...

National Bank of Poland to stand pat

Dec 02, 2015 09:38 am UTC| Commentary Central Banks

It is broadly expected by market participants that National Bank of Poland would remain on hold today. We expect no change in rate or language from NBP today: we expect further rate cuts in Poland next year, says...

ECB to come up with EUR negative surprise?

Dec 02, 2015 09:26 am UTC| Commentary Central Banks

EUR/USD gained almost a cent yesterday. There is skepticism in the market if ECB would be able to come up with a surprise tomorrow, which is Euro negative. Market participants are expecting the ECB to increase QE in...

US Fed likely to pay more attention to November ISM non-manufacturing index

Dec 02, 2015 06:34 am UTC| Commentary Central Banks

US ISM manufacturing Index dropped to 48.6 in November from that of the previous months 50.1, also lower from the market consensus expectations of 50.5, lowest level since June 2009. Last year, the manufacturing alone...

Fed's rate hike may hit auto market next year

Dec 02, 2015 04:19 am UTC| Commentary Central Banks

Auto sales for November in the U.S. came in line with Octobers result as the seasonally-adjusted annualized rate stood at 18.13 million units. The auto market in the country is performing better. Of the top-selling...

Currency War Series

BoK likely to deliver another 25 bp rate cut in Q1 16

Dec 02, 2015 04:16 am UTC| Commentary Central Banks

Korean governments increased efforts to recycle Koreas current account surplus is in line with the focus on engineering a weak KRW bias will continue. The broader trend stays steady, marked by slow inventory clearance and...

RBI on hold, along expectations

Dec 02, 2015 02:51 am UTC| Commentary Central Banks

The Reserve Bank of India (RBI) policy review yesterday was largely a nonevent. The benchmark Repo rate was left unchanged at 6.75%, along with steady reserve ratios. Inflation estimate for Jan-Mar16 was maintained at 5.8%...