Poland to have temporary relief on CHF mortgage conversion
Sep 14, 2015 06:57 am UTC| Commentary
The Polish zloty had a better time last week, with EUR-PLN dropping from 4.24 early last week to below 4.21 levels by the end of the week, PLN outperformed HUF over this period too. One PLN-supportive development was the...
EUR profits from calmer EM markets
Sep 14, 2015 06:50 am UTC| Commentary
During the course of last week EUR-USD slowly but surely crept from levels around 1.1150 to levels at now roughly 1.1350. A reduction in EM risks would now have to be seen as a EUR positive signal. And indeed the EUR...
Brazil political events to continue to drive price action
Sep 14, 2015 06:35 am UTC| Commentary
The inaction of the government continues to take its toll on Brazilian Assets. Any meaningful change is not expected in the following week. As such, risk premia is expected to remain elevated until there is more clarity...

RBA Governor testifies on monetary policy
Sep 14, 2015 06:33 am UTC| Commentary
The RBA Governor testifies on monetary policy and the economic outlook before the House Standing Committee on Economics on Friday morning in Canberra, not long after the Federal Reserve announces its decision on interest...
SNB to be on hold as conditions have started to ease mildly
Sep 14, 2015 06:10 am UTC| Commentary
Modest CHF depreciation in the past few weeks, in addition to better-than-expected Q2 growth, has eased conditions somewhat and relieved some pressure from the SNB. Nonetheless, recent financial volatility and China growth...

Riksbank minutes to reveal caution
Sep 14, 2015 06:06 am UTC| Commentary
The SEK appreciated markedly last week owing to an unexpected upward revision in Q2 GDP growth, with the Riksbanks KIX index now trading near year-to-date highs despite softer-than-expected August inflation. Despite the...
UK moving past zero inflation but still a long way from 2%
Sep 14, 2015 06:02 am UTC| Commentary
GBP rallied strongly against the USD last week despite a set of BoE MPC Minutes that were, at the margin, more dovish. While the MPC showed optimism on the domestic outlook, they were concerned about recent global...