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Malaysian headline inflation falls further in October, likely to remain negative in 2020

Swedish economic sentiment indicator rises in November

Canada's economy shows growth in July, but growth stalled in

U.S. durable goods orders sustain robust growth

U.S. existing home sales decline in August

U.S. weekly jobless claims unexpectedly decrease

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

United States building permits

U.S. existing home sales rise above expectations in October

Reserve Bank of India likely to stand pat in December

Swiss franc likely to gradually depreciate against euro in coming months

U.S. vehicle sales fall again in November

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Bank Indonesia keeps key interest rate on hold at 3.75 pct

RUB more weakness on stop of FX repos

Tuesday, June 2, 2015 7:14 AM UTC

The CBR announced that it stopped its 12-month FX repo auctions as of yesterday, 1 June. This move was to be expected, following the start of daily FX buying auctions by the CBR from 13 May, in order to reduce the appreciating pressure on the RUB. 

The CBR will continue with shorter-maturity FX repos of up to 1-month and around USD 26bn of FX liquidity will remain in the market until the first 12M repo contracts being to mature in November. According to Commerzbank, the RUB to gradually recover towards the 52.00 mark again versus the USD by year-end on: 

  • 1) a slowly recovering macro story
  • 2) relatively stable oil prices
  • 3) a scenario of calming geo-politics

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