Political uncertainty likely to weigh on capital inflows into Turkey and TRY in near term
Jul 21, 2016 09:42 am UTC| Commentary Economy
Persisting political uncertainly is likely to spell doom forcapital inflows inTurkey in the near term and thus on the nations national currency lira. Turkish governmentimposed a three-month state of emergency on Wednesday...
US Fed to keep target range for federal funds rate unchanged during July meeting
Jul 21, 2016 07:24 am UTC| Commentary Central Banks Economy
The Federal Open Market Committee (FOMC) had maintained its policy rate at 25-50 basis points during its June meeting amidst a significant deceleration of employment growth in May and the pending UK referendum in EU...
Net inflow of migrants into New Zealand almost unchanged in June
Jul 21, 2016 06:02 am UTC| Commentary Economy
New Zealand has recorded a net inflow of 5,670 migrants on a seasonally adjusted basis in June. This is almost the same size of the net inflows witnessed in the past four months. Indeed, this is lower than the rates...
RBNZ signals further policy easing as stronger NZD hurts inflation outlook
Jul 21, 2016 05:29 am UTC| Commentary Central Banks Economy
The Reserve Bank of New Zealand on Thursdayreleased its short economic update. In the July update, the central bank gave fresh guidance on monetary policy. According to the RBNZs statement, the stronger New Zealand dollar...
FxWirePro: The Day Ahead- 21st July 2016
Jul 21, 2016 04:55 am UTC| Commentary Economy
Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far Australia: National Australia Banks business confidence declined to 2 in second quarter from...
Chart of the Day: Surprising States
Jul 20, 2016 13:56 pm UTC| Commentary Economy
Citibanks U.S. economic surprise index hit the highest level since January2015. If the surprises keep coming, it may bring back the lost rate hike expectations from the U.S. Federal Reserve as well as the strength of the...
Domestic demand primarily supports South Korean economic activity
Jul 20, 2016 12:58 pm UTC| Commentary Economy
Chinas subdued economic activity continues to negatively impact South Koreas economic outlook as the latters export sector is quite dependent on demand from China. More than one-fourth of Koreas total exports are shipped...