Riksbank minutes to reveal caution, implying some downside risks for the week

Sep 13, 2015 22:11 pm UTC| Commentary Central Banks

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...

Euro area's IP to rebound amid benign inflation

Sep 13, 2015 21:09 pm UTC| Commentary

In a relatively quiet week for the euro area, IP, to be released onMonday, is expectedto rebound by 0.6% m/m in July, after two consecutive months of decline (consensus: 0.3%). However, euro area inflation remains...

Moving past zero inflation in UK, but still a long way from 2%

Sep 13, 2015 21:05 pm UTC| Commentary Economy

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...

SNB on hold as conditions have started to ease mildly

Sep 13, 2015 21:01 pm UTC| Commentary Central Banks

In Switzerland, Swiss National Bank (SNB) is expected to keep its policy rate unchanged at -0.75 percent and preserve the target range for the three-month Libor at -1.25/-0.25 percent at its17 Septembermeeting, but...

Bank of Japan in focus

Sep 13, 2015 20:57 pm UTC| Commentary Central Banks

Some recovery in Nikkei and speculations for further BoJ easing lifted USDJPY last week. In particular, LDP legislator Kozo Yamamoto toldBloombergon September 10 that theOct 30BoJ meeting is a good opportunity to ease...

Event risks could keep the Fed on hold next week

Sep 13, 2015 08:12 am UTC| Commentary Central Banks

Event risks on the calendar have much more to do with the decision than fundamentals and market volatility, according to Scotiabank. Below are some major event risks that are more likely to carry the day over discussions...

Low commodity prices reflected in Australia’s economic performance and currency

Sep 13, 2015 08:03 am UTC| Commentary Economy

Australias economic performance remains relatively soft, partially reflecting low iron ore prices and weaker import demand from China. Real GDP grew by 0.2% q/q (2.0% y/y) in the second quarter of 2015 following a solid...