FED liftoff series – Rise of C-Dollar
Dec 16, 2015 10:45 am UTC| Commentary Central Banks
D-day is finally here, last FOMC meeting of the year, decision today, in which FED is widely expected to increase rates from zero bound by a hike of 25 basis points, almost a decade after last one. The decision would be...
CNY further de-peg from the USD
Dec 14, 2015 15:03 pm UTC| Commentary
The PBoC has launched a new trade-weighted exchange rate for the CNY, called the CFETS RMB Index, with different composition and weights than the BIS currency basket. This move is likely to demonstrate that the CNY will...
USD/CNY to trade at 6.60 by end-2016 despite further de-peg
Dec 14, 2015 07:25 am UTC| Commentary
The central bank of China announced a new currency index last Friday, referred to CFETS RMB Index. The CFETS RMB Index is mainly a trade-weighted exchange rate of the CNY, which is measured against a basket of 13...
Dec 10, 2015 07:01 am UTC| Commentary Central Banks
Swiss National Bank will announce its monetary policy decisions at 8:30 GMT today. Economic conditions Switzerland GDP is around $ 685 billion however growth rate has sharply slowed down. In third quarter economy...
Saudi's USD/SAR's peg likely to break?
Nov 24, 2015 05:27 am UTC| Commentary
Off-late oil price declines have driven the speculations higher about the USD/SAR pegs breaking possibility. This is unlikely. 12 month forwards are already setting to price in SAR weakness. This clearly signals that...
RMB’s peg to USD will have to go probably sooner
Oct 26, 2015 06:52 am UTC| Commentary
The PBoC is getting better and better at seizing the right timing for monetary policy easing. This move is clearly responding to the still weak growth data released earlier. Modest inflationary pressures, as indicated by...
Sniffing a peg break series - HKD peg under pressure, trapped in FED hike and Chinese slowdown
Oct 13, 2015 11:18 am UTC| Insights & Views Central Banks
For almost a month Hong Kong Dollar peg is under strain on the strong side, prompting authorities to intervene in the market. Though, theoretically a central bank can protect a peg, on strong domestic currency side by...
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