
Another BoC rate cut likely by year end
Aug 21, 2015 07:33 am UTC| Commentary Central Banks
The data focus in the Americas turns today to Canada. The key releases include July CPI and June retail sales. The market is looking for a drop moderation in retail sales, though headline and core inflation is seen rising...
Market attention remains on China and the Fed
Aug 21, 2015 07:28 am UTC| Commentary Central Banks
Moving on from Greece, market attention remains on China and the Fed. Following Chinas currency devaluation last week, the Chinese stock market remained very volatile this week, facilitating the downward pressure on global...
China onshore liquidity tightens due to PBoC’s intervention
Aug 21, 2015 07:17 am UTC| Commentary Central Banks
PBoC set USD-CNY fixing rate at 6.3864 this morning, compared with yesterdays closing rate at 6.3891. In general, CNY remained quite stable this week, which suggests that Chinas central bank could have sold USD to...
Norges Bank to lower short rates
Aug 20, 2015 09:24 am UTC| Commentary Central Banks
Norwegian economy growth has been below trend for a couple of years now and unemployment on the rise since 2013. This means that the economy already is in a situation with considerable slack and low wage pressure....
Aug 20, 2015 07:10 am UTC| Commentary Central Banks
Will the Fed hike its Fed funds rate in September? Perhaps - and perhaps not. That is what the Fed signaled to the markets in its July meeting minutes. Most FOMC members judged that the conditions for policy firming had...
Greece to pay back to ECB today
Aug 20, 2015 07:08 am UTC| Commentary Central Banks
Today is pay day for Greece: the government in Athens will need to transfer 3.2 bn plus interest to the ECB. In addition, the bridge loan of a bit more than 7 bn, which kept Greece afloat for a few weeks until the...

Investors positioned for Fed hikes in FX
Aug 20, 2015 05:41 am UTC| Commentary Central Banks
In terms of positioning, USD longs are still near peak levels with every currency net short versus the dollar currently, suggesting investors are positioned for a Fed hike in FX markets. Barclays expects the Feds rate hike...