India to borrow additional INR 500 billion, likely to exert upward pressure on Indian government bond yields

Dec 28, 2017 17:32 pm UTC| Commentary Economy

On Wednesday, the Indian government hinted that it might breach its fiscal deficit target of 3.2 percent of GDP as it will borrow an additional INR 500 billion this fiscal year. The finance ministry stated that the...

USD/INR likely to fluctuate around 64.00 for some time; 2018 state elections to intensify local market volatility

Dec 28, 2017 11:24 am UTC| Commentary Economy

The Indian rupee is seen to hover at around 64.00 vs the US dollar for quite some time now, while the upcoming year, burdened with a wide array of state elections, will likely intensify local market volatility from time to...

USD/RUB continues downtrend after Russian manufacturing PMI signals strongest growth since July

Dec 28, 2017 08:35 am UTC| Commentary Economy

The Russian Ruble continued to witness solid gains vs the US dollar after the Russian manufacturing sector signaled a solid improvement in operating conditions. Further, a stronger overall upturn was supported by...

Fxwirepro: Greenback seen to recover next year; 10-year Treasury yields to rise to 2.85 pct

Dec 28, 2017 07:05 am UTC| Commentary Insights & Views Economy

The US dollar is expected to recover from its downtrend going into next year, along with the Treasury yields also rising to around 2.85 percent during the period, accompanied by the projected three rate hikes by the...

Australian 10-year bond yield down over 4bps, hovers near 1-week low

Dec 28, 2017 03:14 am UTC| Commentary Economy

Australian government bonds gainedon Thursdayin line with U.S. Treasuries, sending the benchmark 10-year yield over 4 basis points lower. The U.S. Treasuries pushed higher across the curve overnight during a relatively...

Swiss private consumption likely to expand strongly in 2018

Dec 27, 2017 13:32 pm UTC| Commentary Economy

Switzerlands UBS consumption indicator came in above its long-term average in November at 1.67 points. This indicates strong consumption growth next year. Owing to strong economic growth, private consumption would likely...

FxWirePro: Australia likely to witness growth at around 3 pct in upcoming year with falls in jobless rate

Dec 27, 2017 10:36 am UTC| Commentary Economy

The Australian economy is expected to witness an economic growth of around 3 percent in the upcoming year, coupled with a decline in the countrys rate of unemployment, from its current 5.4 percent, strongly owing to...