Policy divergence between Fed and RBNZ likely to push NZD/USD towards 0.63
Dec 14, 2015 07:34 am UTC| Commentary Central Banks
In New Zealand, the key data releases are Q3 balance of payments and Q3 GDP. The latter is likely to rise, a payback for a soft H1. Business Confidence index and GT Dairy Auction are also due to release this week, the...
RBA likely concerned by relative currency strength
Dec 14, 2015 07:06 am UTC| Commentary Central Banks
Reserve Bank of Australia board meeting minutes likely to show that the board is encouraged by stronger activity signs and more signals that the housing market is being cooled by the recent round of macro-prudential...
Norges bank likely stand pat at December meeting despite oil price drop
Dec 14, 2015 06:55 am UTC| Commentary Central Banks
Norways inflation surprised the markets to the upside recently, and despite the long held hypothesis that the central bank is willing to bear a slight inflation shoot-up, it will not desire to fuel the weaker currency and...
US Fed unlikely to signal about future path post first hike, data-dependent approach to dominate
Dec 14, 2015 05:40 am UTC| Commentary Central Banks
US Federal Reserve is likely to begin its hiking cycle this year, in its December meeting, by rising its near-zero interest rates, as widely anticipated. The likely path of the cycle(not the already priced in first hike)...
Currencies nervous ahead of Fed rate lift-off expected on 16 Dec
Dec 14, 2015 02:39 am UTC| Commentary Central Banks
Currencies are nervous ahead of the first US rate lift-off widely expected on 16 Dec. The weak tone in equities is reflected by the flight to safety into the Japanese yen and the Swiss franc. USD/JPY is below 121.62, the...
Bank Indonesia rate steady at 7.5%
Dec 14, 2015 02:07 am UTC| Commentary Central Banks
Bank Indonesia (BI) loosened its monetary policy stance by lowering the reserve requirement rate in November. What the central bank will do this week is likely to be dependent on the US Fed rate decision and its potential...
Don’t underestimate the chance of a further rate cut in Taiwan
Dec 14, 2015 01:57 am UTC| Commentary Central Banks
Taiwans central bank (CBC) is scheduled to review monetary policy this Thursday, immediately after the FOMC meeting. Market opinions are divided regarding whether the CBC will cut rates at a same time when the Fed is about...
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