No reinforcement for the “Kuroda’s line”
Aug 10, 2015 05:07 am UTC| Commentary
BoJ Governor Kuroda last week did not reinforce the "Kuroda line", the level when the governor commented that further JPY REER depreciation is unlikely on June 10. Comments at the press conference were neutral, with Kuroda...

A modest EUR/NOK slow down expected in Q4
Aug 10, 2015 05:03 am UTC| Commentary
In Norway, the recent decline in oil prices, weaker-than-expected domestic data, and a modest uptick in unemployment has increased market speculation about additional rate cuts by the Norges Bank. Still for no further...
Aug 10, 2015 04:58 am UTC| Commentary
Inflation data in Sweden will likely drive the price action for the Scandies in the coming week. Poor liquidity of Scandinavian currencies over the summer has contributed to modest EUR/SEK appreciation, significantly above...
Uncertain outlook to keep Sterling under pressure
Aug 10, 2015 04:53 am UTC| Commentary
GBP was a notable G10 underperformer last week after the BoEs "Super Thursday" saw the MPC indicate a high degree of uncertainty regarding the economic outlook and appropriate timing of rate rises, encouraging cautious GBP...
Singapore Dollar: 1-3 Month Outlook
Aug 10, 2015 04:37 am UTC| Commentary
SGD was in the lower half of the AXJ performance rankings in July. We expect this trend to continue in the next 1-3 months.Domestic data point toward subdued growth in Q2. The preliminary estimate of Q2 GDP came in at...
Aug 10, 2015 04:32 am UTC| Commentary
It seems plausible that the FOMC has already decided what to do in its next meeting. Although wage pressures remain soft, the job market has probably improved enough to justify beginning the normalization cycle in...
Daily Economic Outlook: 10th August 2015
Aug 10, 2015 04:12 am UTC| Commentary
It is a relatively quiet start to the week, with the focus likely to be on UK labour market statistics on Wednesday and the first estimate of Eurozone Q2 GDP on Friday. The most significant US data will be industrial...