FxWirePro: BoK stands pat, USD/KRW IRS trade ideas

Oct 09, 2015 09:18 am UTC| Insights & Views Central Banks

The Bank of Korea kept its benchmark rate steady on 11 September, as widely expected. Alongside the decision, BoKs governor Lee mentioned growth is still likely to hit the Banks 2.8% target this year. His comments that the...

Gold price rises after dovish FOMC minutes

Oct 09, 2015 08:58 am UTC| Commentary Central Banks

Profiting from a weaker US dollar, the gold price has risen above $1,150 per troy ounce again this morning. As the minutes of the most recent meeting of the US Federal Reserve reveal, the decision to leave interest rates...

ECB’s September minutes show concerns about downside risks

Oct 09, 2015 03:58 am UTC| Commentary Central Banks

The account of ECBs monetary policy September meeting suggests that relative to July, there was broad agreement among governing council (GC) members about the downside risks posed to the euro area recovery and inflation by...

UK's first hike not around the corner yet

Oct 09, 2015 03:48 am UTC| Commentary Central Banks

While UK inflation stood at zero in August and reflects unusually low contributions from energy, food and imported goods prices, also core inflation remains subdued at around 1%. The low core number is influenced both by...

BoE October MPC: Global backdrop warrants greater caution

Oct 08, 2015 23:55 pm UTC| Commentary Central Banks

The BoE kept its policy stance unchanged, and the balance of voting remained at 8 against 1 in favour of the status quo. The minutes of the meeting were fairly balanced, if not somewhat more dovish than anticipated, with...

FOMC minutes: Global worries kept Fed from hiking rates in September

Oct 08, 2015 23:41 pm UTC| Commentary Central Banks

The FOMC minutes were mixed as one might expect at a meeting where the decision was such a close call. On the one hand most participants felt the conditions for hiking had been met or would likely be met by the end of the...

Fed hikes are postponed but China risks remain

Oct 08, 2015 15:03 pm UTC| Commentary Central Banks

The need for caution is higher now after the market squeeze post-NFP, which likely leads to a worse positioning backdrop. We have generally been inclined to fade the excessive short-term bearishness in EEMEA FX since...