Renminbi Series: HIBOR just shy of record high
Jan 06, 2017 06:46 am UTC| Commentary Central Banks
Hong Kong Interbank Offered Rate (HIBOR), which is the cost of borrowing yuan for overnight loans reached the highest level since January last year, when it spiked to 66.815 percent. On Wednesday, HIBOR was at 16.95...
FxWirePro: The Day Ahead- 6th January 2017
Jan 06, 2017 06:25 am UTC| Commentary Economy Central Banks
Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Trade balance for November came at A$1.243 billion. Japan: Labor cash...
Jan 05, 2017 13:12 pm UTC| Central Banks Commentary
Much manifestation, not much lucidity: A few days to reflect on the possible implications of a Trump Presidency for the US, the rest of the world and the European political landscape hasnt really done much to fill in the...
Fed minutes confirm upside risks to inflation from Trump's fiscal boost
Jan 05, 2017 11:59 am UTC| Central Banks Economy Commentary
FOMC minutes from the December meeting suggested that the Fed policymakers thought the economy could grow more quickly because of fiscal stimulus under the Trump administration. Nevertheless, members expressed concerns...
Renminbi Series: Yuan skyrockets amid Highest HIBOR in 12 months
Jan 05, 2017 09:01 am UTC| Commentary Central Banks
Chinese yuan is skyrocketing for asecond consecutive day after registering the biggest single-day rise since last January against the dollar as the Peoples Bank of China (PBoC) drains liquidity from the interbank space...
FED hike Aftermath Series: How FOMC policy board looks in 2017?
Jan 05, 2017 07:50 am UTC| Commentary Central Banks
Its a new year, hence new members at FOMC along with some old ones who would be voting for rates in 2017. Lets review the stance of different members - Janet Yellen would remain the chair of the committee in 2017 and...
Jan 05, 2017 07:33 am UTC| Research & Analysis Central Banks
TheAustralian federal governments mid-year fiscal updateis expected to show a deteriorating deficit as broad economic weakness offsets commodity price gains. Markets will be watching for any rating agency reactions. The...
There’s an extra $1 billion on the table for NT schools. This could change lives if spent well