New Zealand bonds jump at close as investors shrug-off higher dairy prices at GDT auction
Jul 19, 2017 06:05 am UTC| Commentary Economy
The New Zealand bonds jumped at the time of closing Wednesday as investors have largely shrugged-off the rise in dairy prices at the latest GlobaldairyTrade (GDT) price auction, held late Tuesday. At the time of...
FxWirePro: The Day Ahead- 19th July 2017
Jul 19, 2017 05:19 am UTC| Commentary
Not many economic data and events scheduled for today and all with low to medium volatility risks associated. Data released so far: Australia: Westpac leading index declined by 0.1 percent in...
BoJ unlikely to hint any change in policy stance, to upgrade GDP growth outlook: DBS Bank
Jul 19, 2017 05:09 am UTC| Commentary Central Banks Economy
The Bank of Japan (BoJ) is scheduled to meet on July 19-20, announcing its decision on Thursday to review monetary policy and publish the quarterly economic outlook report. Owing to the pickup in exports, industrial...
Australian bonds sharply rebound on hopes of rise in unemployment rate
Jul 19, 2017 04:08 am UTC| Commentary Economy
The Australian bonds sharply rebounded Wednesday on expectations of a rise in the countrys unemployment rate and ahead of the countrys labour market report for the month of June, scheduled to be released on July 20. The...
Swedish krona likely to strengthen gradually in months ahead, EUR/SEK to drop to 9.20 by end-2017
Jul 18, 2017 23:06 pm UTC| Commentary
After briefly appreciating to a year-to-date high above 9.80, recent weeks have witnessed the Swedish krona strengthen towards 9.60 against the euro, noted Lloyds Bank in a research report. During its policy meeting in...
USD/INR likely to trade around 66.6 by end-2017, says Lloyds Bank
Jul 18, 2017 23:06 pm UTC| Commentary
The USD/INR pair is yet to reverse its losses since February because of increased risk appetite and lower crude oil prices. Year-to-date the INR is more than 5 percent stronger against the U.S. dollar, noted Lloyds Bank in...
EUR/NOK likely to decline towards 8.90 by end-2017, says Lloyds Bank
Jul 18, 2017 23:05 pm UTC| Commentary
In late June, the Norwegian krone has strengthened, briefly rising above 9.60 against the euro, after trading to a multi-year low around 8.80 in mid-February. The move occurred as oil prices weakened and inflation subdued....