RBA leaves cash rate on hold at 1.5 pct, but retains easing bias

Oct 04, 2016 06:51 am UTC| Commentary Central Banks

As widely projected, the Reserve Bank of Australia left its cash rate on hold today at 1.5 percent after it lowered the key rate by 25 basis points in both May and August. The overall tone of the statement was widely...

RBA monetary policy: Assessing future bias

Oct 04, 2016 06:17 am UTC| Commentary Central Banks

A new governor, Philip Lowe is heading the Reserve Bank of Australia (RBA) now and at his first monetary policy meeting, he and his colleagues have chosen to maintain rate steady at 1.5 percent. Lets look at the details...

Chart of the Day Series

Chart of the Day: New basket

Oct 03, 2016 14:00 pm UTC| Commentary Economy Central Banks

Chinese Yuan has become the official reserve currency as its gets included in the special drawing rights (SDR) basket. Yuans share is the third biggest in the basket with 10.92 percent. This also means that the official...

FX Hedging Strategy Series

FxWirePro: Uphold hedging MXN appreciation as Banxico tone down hawkish rhetoric, now neutral

Oct 03, 2016 12:59 pm UTC| Research & Analysis Central Banks

If at all anything unexpected is going to happen in Mexican monetary policy, then we expect a single 25bp hike this year, in December. Banxico backed off from its hawkish rhetoric of a couple of months ago, and in the...

Fundamentals to watch out for this week

Oct 03, 2016 12:34 pm UTC| Commentary Economy Central Banks

This week is quite risk heavy. Focus is on NFP report from the Unites States. What to watch for over the coming days: Vice Presidential dual: After Trump-Clinton dual last week broke all records, the focus...

Canada's strong July GDP points to healthy economic momentum for Q3

Oct 03, 2016 11:59 am UTC| Insights & Views Economy Central Banks

Canadian real GDP grew by 0.5 percent in July, adding to Junes 0.6 percent gain. The July GDP gain exceeded economists consensus of 0.3 percent. The strong July result was mainly driven by a continued recovery in oil...

FX Hedging Strategy Series

FxWirePro: Lagging Treasury yields is what drives USD/JPY, Softer FX options positioning likely to prevent unwinding of yen longs

Oct 03, 2016 10:11 am UTC| Central Banks Commentary

Since the beginning of last year, US long rates have again become the main USDJPY driver. The BoJs peg on JGB yields is going to kill yen rates volatilityso that the rates factor should become even more US-centric. But...