PBoC likely to raise interbank yuan funding costs in offshore market, says Scotiabank
Jan 16, 2017 06:25 am UTC| Commentary Central Banks
The Peoples Bank of China has reportedly ordered certain commercial banks to balance their monthly outbound RMB payments and inbound RMB receipts, noted Scotiabank in a research report. Offshore yuan funding costs are...
ECB minutes show strong consensus in favour of QE, growing confidence in the blocs recovery
Jan 13, 2017 15:46 pm UTC| Commentary Central Banks Economy
ECB minutes of the December meeting were largely hawkish, but some discord was seen over QE. Some ECB members were against any extension of the institutions mass bond-buying programme as inflation picked up in the euro...
Jan 13, 2017 13:45 pm UTC| Research & Analysis Insights & Views Central Banks
Short EURCHF: This trade serves as a portfolio-level hedge against forthcoming European political risk (we have a range of long Europe/short USD bloc trades and so have an implicit long exposure to EURUSD). But the...
FOMC members stress on upside risks to U.S. interest rates
Jan 13, 2017 11:21 am UTC| Economy Commentary Central Banks
The U.S. Fed speakers have delivered a hawkish speechoverall, with two out of the four incoming voting members this year (Harker and Evans) suggesting that three quarter-point hikes in rates over the course of 2017 was...
FxWirePro: Yuan might strengthen to 6.62 per dollar in H1 2017 on dollar weakness
Jan 13, 2017 10:15 am UTC| Commentary Central Banks
The Chinese yuan which suffered big selloffs in the second half of 2016 might actually strengthen in the first half of 2017 if the dollar weakens across the board. There is a strong possibility that faced with a strong...
Bank of Korea leaves interest rate unchanged, lowers growth outlook
Jan 13, 2017 05:55 am UTC| Economy Central Banks Commentary
The Bank of Korea (BoK) in its first monetary policy meeting of 2017 left its benchmark interest rate at record low of 1.25 percent, as markets widely expected. The board members defended this decision in the wake of...
FxWirePro: The Day Ahead- 13th January 2017
Jan 13, 2017 05:20 am UTC| Commentary Economy Central Banks
Not many economic data and events scheduled for today and all with low to medium risks associated. Data released so far: China: Exports declined by 6.1 percent y/y in December. Imports up by 3.1 percent y/y. Trade...
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