Westpac-Melbourne institute leading index improves but stays below trend

Nov 18, 2015 00:24 am UTC| Commentary

While the growth rate in the Leading Index remains below trend there has been some steady improvement in the last two months from the biggest negative deviation from trend in 3½ years that we saw in August to only...

USD/CAD Outlook

Nov 17, 2015 23:47 pm UTC| Commentary

The Canadian dollar has fallen against the USD over the past month. However, it is little changed against sterling and has risen versus the euro, which suggests that domestic fundamentals had little to do with the move....

AUD/USD Outlook

Nov 17, 2015 23:27 pm UTC| Commentary

The Australian dollar has declined against the USD over the past month but is little changed against a wider basket of currencies. This suggests that the move has been driven by a change in US rather than domestic...

Mexico economy likely to have accelerated in Q3, and looks set to improve further

Nov 17, 2015 23:21 pm UTC| Commentary

Mexico economic activity has, in fact, surprised to upside in recent months considering the extent of slowdown in industrial production (particularly in the mining sector). The trade and IP numbers put supply-side growth...

USD/JPY Outlook

Nov 17, 2015 22:50 pm UTC| Commentary

The yen has sold off over the past month against a generally strong USD, although it has appreciated versus a weak euro. Disappointing domestic economic data, including a second successive quarterly fall in GDP in Q3, may...

GBP/USD Outlook

Nov 17, 2015 22:30 pm UTC| Commentary

The ratcheting up of US rate rise expectations and more dovish policy signals in the UK have pulled cable down from the mid to low 1.50s. While the US now looks poised to raise rates next month, the tone of the BoEs latest...

European Commission opinion on budgets: more coordination needed

Nov 17, 2015 22:21 pm UTC| Commentary

The European Commission published its opinions yesterday on national Draft Budgetary Plans (DBP) submitted by 15 October, in compliance with the Two Pack legislation, which aims at improving fiscal policy coordination in...