
Euro area rates: Monthly review
Jul 20, 2015 22:37 pm UTC| Commentary
The Greek crisis dominated events over the past month. Despite a resounding no vote in the 5 July referendum on further austerity, a rapidly deteriorating economic situation meant the Greek government had little choice but...

Jul 20, 2015 22:27 pm UTC| Commentary
US bond yields have had a volatile month in response to developments in China, Greece and domestic monetary policy. Having hit an intra-month high just shy of 2.5% in late June, the yield on the 10-yr fell to a low of...

Jul 20, 2015 21:59 pm UTC| Commentary
The Indian rupee has been on a gradual depreciating trend against the US dollar so far in 2015, with USD/INR rising to 64.47 in June - its highest level since its taper tantrum selloff in September 2013. While the rupee...

Jul 20, 2015 21:49 pm UTC| Commentary
Global market attention is focused on the Chinese equity market after the sharp decline in prices since mid-June. The Chinese government has intervened with a range of targeted measures to prop up the market but their...

Jul 20, 2015 21:35 pm UTC| Commentary
The Brazilian real is among the worst performing currencies against the US dollar in 2015. USD/BRL rose back towards 3.25 earlier this month, its highest level since spiralling to a 12- year low (3.3160) in March. The...

Jul 20, 2015 21:27 pm UTC| Commentary
The BoCs decision to cut its official rate by 25bp to 0.5% at its 15 July policy meeting pushed USD/CAD to a new 6-year high of 1.2959. The cut occurred against the backdrop of a continued weakening in both commodity...

Jul 20, 2015 21:18 pm UTC| Commentary
AUD/USD has resumed its descent in recent weeks, hitting a new 6-year low of 0.7350 in mid-July. The fall has coincided with rising concerns over China and weak commodity prices. Over the past month, crude oil has dropped...
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