China forex reserves hit 4-year low in August as PBoC indulges to defend USD/CNY at 6.70 mark

Sep 09, 2016 07:39 am UTC| Commentary Economy

Chinas foreign exchange reserves dropped to the lowest level since 2012, suggesting that the Peoples Bank of China (PBoC) was intervening to defend USD-CNY at the 6.70 mark. Chinas foreign reserves dropped by USD 15.9...

New Zealand’s retail spending on electronic cards falls in August, restraint in spending patterns to continue

Sep 09, 2016 07:36 am UTC| Commentary Economy

Retail spending on electronic cards in New Zealand dropped in August after rising in July. It declined 0.4 percent in sequential terms in the month, as compared with a 0.2 percent month-on-month rise in July. This was...

Bank of Korea keeps policy rate on hold, expects economy to sustain modest growth

Sep 09, 2016 07:34 am UTC| Commentary Central Banks

As widely expected, the Bank of Koreas Monetary Policy Board kept the Base Rate on hold at 1.25 percent for the third consecutive month. According to the Board, the South Korean economy is expected to sustain its trend of...

JGBs trade mixed as US jobless claims slips to lowest in 7 weeks, crude oil prices fall

Sep 09, 2016 07:06 am UTC| Commentary

The Japanese government bond traded mixed Friday, following United States debt market as the worlds largest economy recorded the lowest level of jobless claims in seven weeks. On the contrary, bonds prices saw upward...

US Election Series

US Presidential Election Series: Donald Trump is a hawk and that matters

Sep 09, 2016 06:59 am UTC| Commentary Economy

Republican Presidential nominee Donald Trumps statements and speeches have caused up veal in many international and national organizations, not because they are good or bad; in many a casethey are politically...

Japan tertiary activity index climbs for second straight month in July, lesser than expected

Sep 09, 2016 06:52 am UTC| Commentary

Japans tertiary activity index climbed for the second straight month in July, although at a slower-than-expected pace. The tertiary activity index rose a seasonally adjusted 0.3 percent from June, when it increased by...

China’s CPI inflation slows in August on decelerating food inflation, PPI inflation picks up

Sep 09, 2016 06:41 am UTC| Commentary

Chinas consumer price index inflation decelerated in year-on-year terms in August, mainly due to lower food price inflation. August inflation dropped to 1.3 percent year-on-year, the lowest since October 2015. It was below...