Currency War Series

Currency War Series

BoC likely to hold despite weaker data

Nov 30, 2015 08:30 am UTC| Commentary Central Banks

BoC is likely to keep its policy rate unchanged, as per the market consensus expectations, as there is good inflation and the decline in oil and commodity prices is compensated by the economic activity in non-resource...

Currency War Series

ECB easing will likely cause the Riksbank to cut

Nov 30, 2015 07:24 am UTC| Commentary Central Banks

ECBs meeting this week brings in wide expectations on a rate cut and extension of its QE programme, which will ultimately effect smaller European currencies like the SEK, NOK and CHF. In Sweden, we continue to think...

Currency War Series

Banxico likely to remain on hold

Nov 30, 2015 06:15 am UTC| Commentary

October unemployment rate in Mexico edged up to 4.37% sa. An increase in seasonally adjusted participation rate by 63bp led to this upward surprise. On year on year basis, it has fallen 22bp, to 4.55% from 4.78% in October...

Currency War Series

USDCNY fixings drift higher; risk of further depreciation post SDR

Nov 30, 2015 00:17 am UTC| Commentary

USDAsia crosses are mostly trading in their broad ranges since August. Activity data this week will likely continue to paint a challenging growth picture for the region. Without a meaningful turnaround in China and EM...

Currency War Series

Policy rate decision: Poland to remain on hold

Nov 29, 2015 23:58 pm UTC| Commentary Central Banks

Polands CPI deflation is expected to persist at -0.4% y/y in November, an improvement over the -0.7% y/y reading last month. With respect to the NBP rate decision this week, since the old MPC remains intact for one more...

Currency War Series

One last call before the FOMC

Nov 29, 2015 22:03 pm UTC| Commentary Central Banks

The market will be looking for reassurance regarding the start and pace of the Feds tightening cycle while waiting for the FOMC meeting on December 16. Fed futures are assigning a 74% probability of a rate hike in December...

Currency War Series

All eyes on the ECB

Nov 29, 2015 21:22 pm UTC| Commentary Central Banks

Thursdays ECB meeting will be the key catalyst for EURUSD this week. A 10bp cut is expected in the depo rate and a time extension of QE. However, recent ECB comments coupled with the still unimpressive euro area inflation...