BoC to hike soon after Fed?

Sep 18, 2015 07:39 am UTC| Commentary

With Canadas core inflation rate of 2.4% (yoy in July), i.e. at the upper end of the central banks target corridor of 1%-3%, one should expect the BoC not to be too far behind Fed when it comes to a normalization of...

Further aspects against the dollar

Sep 18, 2015 07:37 am UTC| Commentary

The dots (i.e. the expectations of the FOMC members as regards future key rates) continue to move downward. The median of expectations for end-2016 (following 2.5% in December, 1.875% in March and 1.625% in June) has now...

Fed needs a little bit more time

Sep 18, 2015 07:35 am UTC| Commentary

Was the fact that the Fed did not dare to execute lift-off, but only signaled that that step would follow at a later stage (it sounded like December) really so important as to cause EUR-USD to record gains that peaked near...

Fed moves opens some upside room for EUR/USD in short term

Sep 18, 2015 07:19 am UTC| Commentary

The USD continued to feel some pressure yesterday already ahead of the Fed, while the EUR performed much better. The moves were generally not huge, though.Clearly, the Fed meeting has been a great source of uncertainty...

First Fed rate hike still likely in December

Sep 18, 2015 07:16 am UTC| Commentary

The Fed kept rates unchanged yesterday, worried about the global economy, financial market volatility and sluggish US inflation. Still, 13 out of the 17 FOMC members see at least one rate hike this year.They still seem to...

Financial market volatality unlikely to hurt INR much

Sep 18, 2015 07:14 am UTC| Commentary

Like many other EM currencies, the INR will likely face downward pressure from the Fed lift-off and the growing concern about the Chinese economy. Nonetheless, the INR looks like one of the least hurt currencies."First of...

India, the new growth miracle

Sep 18, 2015 07:11 am UTC| Commentary

Although Modis reform implementation has seen a few setbacks, positive developments have happened, especially in attracting FDI. If the effort continues, it could spark an investment boom in India. A larger manufacturing...