
SEK rallies as Riksbank pauses
Sep 04, 2015 03:48 am UTC| Commentary
A surprise jump in Swedens CPI inflation in July has helped the SEK to cut nearly half the Q2 losses against the USD and EUR. This resulted in a mild strengthening of the trade weighted Krona (KIX) over the past month...

Delayed Fed increase to boost EUR/CHF?
Sep 04, 2015 03:45 am UTC| Commentary
EUR/CHF hit a peak of 1.09615 in August, the highest level since the SNB abandoned the 1.20 floor in January. The risk aversion from global equities is boosting the EUR more than the CHF which is a break from previous...

Sep 04, 2015 03:43 am UTC| Commentary
EUR/GBP posted its largest monthly gain in August (+3.8%) since January 2013. A directional change or not? GBP resilience remains highly dependent on the BoE raising interest rates for the first time in Q1 16.UK wage...

BoJ to expand asset purchases this month?
Sep 04, 2015 03:40 am UTC| Commentary
Risk aversion buoyed the cheap JPY (REER) over the past month thanks to Japans current account surplus, but concerns that Chinas slowdown may delay the return ofinflation to 2% may prompt the BoJ to expand its QQE...

Fed rate hike conditional for renewed USD strength
Sep 04, 2015 03:37 am UTC| Commentary Central Banks
Comments by Fed members suggest the FOMC could still raise interest rates on 17 September. This is the base case scenario due to the optimism for rising US wage growth. It is cognizant of the greater uncertainty due to...

China and risk aversion lift Euro
Sep 04, 2015 03:35 am UTC| Commentary
The EUR attracted strong support after the devaluation of the CNY and the selloff in equity markets. In trade weighted terms, the euro is up over 3% over the past month. The current account surplus (2.3% of GDP) is a...
ECB likely to stay on hold till December
Sep 04, 2015 03:20 am UTC| Commentary
Further easing could also follow if sentiment in the euro area deteriorates on the back of the uncertainty in China and emerging markets. Todays message from the ECB was that it is too early for the ECB to conclude whether...