USD/ZAR likely to trade around 13.25 by end-2017, says Lloyds Bank

Aug 10, 2017 23:07 pm UTC| Commentary

In this month, the South African rand was the second worst performing emerging market currency after the Argentine peso, noted Lloyds Bank in a research report. A surprise interest rate cut from the South African Reserve...

USD/INR pair likely to trade around 65 by end-2017, says Lloyds Bank

Aug 10, 2017 23:06 pm UTC| Commentary

In the past month, the USD/INR dropped to a multi-year low of 63.56, noted Lloyds Bank in a research report. A stable foreign exchange rate compared with other emerging markets, along with attractive yields and good...

New Zealand’s housing turnover drops further in July

Aug 10, 2017 23:05 pm UTC| Commentary

New Zealands seasonally adjusted housing turnover in July dropped further on sequential basis, falling 9.2 percent. On a year-on-year basis, the housing turnover dropped 25 percent. This leaves turnover at its lowest level...

Danish inflation rises sharply in July to highest level since December 2012, likely to rise 1.1 pct in 2017

Aug 10, 2017 23:04 pm UTC| Commentary Economy

Denmarks inflation rose sharply in July to 1.5 percent year-on-year, the highest level since December 2012. The sharp rise is partially because of seasonal effects. The sharp rise was much higher than consensus...

Swedish manufacturing production rises strongly in June

Aug 10, 2017 22:21 pm UTC| Commentary

Swedish manufacturing production data came in strong in in June, affirming that Sweden is witnessing a solid growth momentum. Moreover, house prices indicate no signs of calming down. Manufacturing production was up 0.8...

Norwegian July core inflation in line with Norges Bank forecast, interest rate hike likely in late 2019

Aug 10, 2017 22:20 pm UTC| Commentary Economy

Norwegian core inflation has come in line with the projection of Norges Bank. However, inflation is still much below target so the central bank is expected to stay on hold for a long period, noted Nordea Bank in a research...

Philippine central bank keeps rate on hold in August, likely to commence tightening before end of 2017

Aug 10, 2017 21:55 pm UTC| Commentary Central Banks

The Philippine central bank, BSP, kept its policy rate on hold on Thursday, as was widely expected. The interest rate corridor has been the same at 2.50 percent, 3 percent and 3.50 percent since its formal adoption in June...