Oct 07, 2015 07:44 am UTC| Commentary
When the RBNZ cut rates last month, it stuck to its easing bias, using the same line as the July statement "at this stage, some further easing in the OCR seems likely" adding "this will depend on the emerging flow of...
Australian cuts likely postponed
Oct 07, 2015 07:23 am UTC| Commentary
In his Semi Annual Testimony on Monetary Policy last month, Governor Stevens delivered a message that was very much glass half-full in nature. He played down global developments, unlike a number of his global counterparts,...
Will the Fed hike rates this year?
Oct 07, 2015 07:15 am UTC| Commentary
The recent disappointing US labour market report did not cause John Williams, President of the San Francisco Fed to change his mind. He considers a rate hike before the end of the year to be appropriate. Williams who as a...
Oct 07, 2015 07:13 am UTC| Commentary
One recurrent theme now is the helplessness of the central banks. Yesterday SNB was at this juncture. Today it is the turn of another case that is at least as severe, the Bank of Japan.Both banks initially have one thing...
Oct 07, 2015 07:09 am UTC| Commentary
Weakness in crude oil prices, which has been the primary factor driving USD/CAD higher this year, is expected to persist. Of note, the current WTI market price of is well below the assumption of USD60 that was contained...
PBoC’s intervention stabilized market
Oct 07, 2015 07:03 am UTC| Commentary
CNY has now surpassed the JPY to become the fourth most used currency after the USD, EUR and GBP, according to SWIFT. The move represents a step forward in Beijings aim to make CNY a dominant global currency. The rising...
EM currencies taking breather, for now
Oct 07, 2015 06:57 am UTC| Commentary
The Emerging Market currencies were able to appreciate notably. This was mainly due to improved sentiment on the global financial markets. The oil price rose notably and reached the highest level in about one month. The...