Challenging backdrop calls for substantially weaker CNY
Sep 23, 2015 05:44 am UTC| Commentary
Chinas recent FX measures have given markets a feast for thought and created new opportunities in FX markets as year-end approaches. There is still a lively debate about what the August 11 measures, and the FX...
ECB’s actions likely will reinstitute EUR weakness trend
Sep 23, 2015 05:39 am UTC| Commentary
Adjustment of Chinas FX regime and increased concerns about Chinese growth, have materially increased downside risks for euro area growth and inflation, but they also appear to have pushed back expectations for Fed...

Weakness in Taiwan's IP to persist in September
Sep 23, 2015 05:34 am UTC| Commentary
Taiwans exporters were not immune. Industrial production (IP) fell into a deeper contraction of 3% yoy in July after the drop of 1.2% yoy in June. The manufacturing PMI was down further from 47.1 to 46.1 in August, its...

Euro area PMIs to remain steady in September
Sep 23, 2015 05:25 am UTC| Commentary
Despite continued uncertainty over China, which should have some negative effects on PMIs going forward, there is modest potential for upside surprises. Analysts believe that the current recovery in the euro area comes on...

Euro area inflation likely to be below ECB’s target next year
Sep 23, 2015 05:19 am UTC| Commentary
The shift in Chinas FX regime in August and coincident slowing of the Chinese economy has significant direct and implied ramifications for the global economy, including the euro area and the EUR. The slowing of Chinas...
Further IDR depreciation likely versus the USD
Sep 23, 2015 04:57 am UTC| Commentary
The IDRs relative stability has been partly due to official intervention and the lower direct export exposure to China compared with other commodity exporters. Further IDR depreciation is seen versus the USD, although...
Pace of MYR decline could slow, but negative sentiment exists
Sep 23, 2015 04:51 am UTC| Commentary
The MYR is still one of the most vulnerable to a further fall in oil prices and Chinas slowdown. It is also sensitive to USD and CNY movements even relative to EM Asia peers.Its high beta nature partly reflects the active...