Fed’s dovish stance and balance sheet re-expansion likely to weigh on dollar in months ahead, says Scotiabank
Australian bonds suffer tracking U.S. Treasuries on hopes of successful Brexit deal; September labour report eyed
Australia’s rise in September employment remains smallest in seven months; jobless rate likely to drift higher in near-term
Australia’s ANZ-Roy Morgan consumer confidence registers second straight weekly loss, inflation expectations stable
U.S. housing starts likely to have slowed slightly in September, residential construction to boost growth in Q3
Regulatory Series on Cryptocurrencies: US-CFTC Sues Naveda Company in $11 Million Cryptocurrency Fraudulent Scheme
Indonesia’s headline inflation eases to 3.39 pct y/y in September, following two straight months of acceleration
FxWirePro: GBP/AUD Oscillates on Topsy-Turvy Economic and Geopolitical Surface – Uphold Directional Hedges
Swedish jobless rate remains unchanged at 7.4 pct in September, wage growth unlikely to pick up soon
RBI’s tn transfer to govt likely to prompt foreign investors to pour more funds into Indian bond market for higher returns, says Scotiabank
While the rollback of the super-rich tax on foreign portfolio investors (FPIs) will finally revive equity inflows, the Reserve Bank of India’s (RBI) INR 1.76 trillion transfer to the government are expected to prompt foreign investors to pour more funds into the Indian bond markets for higher returns, according to the latest research report from Scotiabank.
The central bank on Thursday released its annual report, saying reviving consumption demand and private investment has assumed the top priority in the current fiscal year. India’s finance minister Nirmala Sitharaman told reporters in Guwahati on Thursday that the government could soon announce more measures to boost the economy, topping up the mega package unveiled last Friday.
In addition, conciliatory statements from China’s commerce ministry could boost EM Asian currencies including the INR to some extent, at least temporarily. Both the yuan and the rupee would rally amid risk-on sentiment should the US and China agree to hold the 13th round of trade talks in September, given the recently increasing correlation between them.
China’s commerce ministry spokesman Gao Feng told reporters at a weekly briefing on Thursday afternoon that the nation hopes the US can cancel the planned additional tariffs to avoid an escalation in the trade war. His remarks may suggest China will refrain from retaliating against the latest US tariff threat.