RBNZ likely to slash cash rate to new record low of 2 pct

Aug 10, 2016 11:38 am UTC| Commentary Central Banks

The Reserve Bank of New Zealand is expected to slash the central banks Official Cash Rate (OCR) by 25 basis points to new record low of 2.00 percent at its monetary policy meeting scheduled to be held on August 11...

Bank of Korea likely to keep policy rate on hold at 1.25 pct

Aug 10, 2016 11:16 am UTC| Commentary Central Banks

The Bank of Korea, South Koreas central bank, is likely to keep its policy rate unchanged at 1.25 percent during its meeting on Thursday, said Societe Generale in a research note. Recently, market anticipation of a...

FX Hedging Strategy Series

FxWirePro: CBR to confront not only inflationary risks but also liquidity glut – Stay firm with put spreads to mitigate further USD/RUB depreciating risks

Aug 10, 2016 09:56 am UTC| Central Banks

In conjunction with annual inflation exceeding over 7 pct in August which is at risk and the threat remains that it will top the 4 pct target next year, Russias central bank (CBR) is expanding its efforts to mop up surplus...

FxWirePro: Hedge AUD/NZD bullish risks via options straps as expectations of RBNZ’s OCR cut intensify, IVs to favour holders

Aug 10, 2016 06:52 am UTC| Research & Analysis Central Banks

As early as March the central bank had cut rates due to the strong NZD. And only last month it pointed out that the kiwi is still trading approx. 6% stronger on a trade-weighted basis than it had assumed in its...

FxWirePro: Aussie momentary drops owing to RBA Governor Steven’s final speech before retirement, RBNZ to weigh more in AUD/NZD

Aug 10, 2016 06:49 am UTC| Central Banks Insights & Views

In Australia, RBA Governor Stevens will deliver his final speech before retirement at 1pm AEST. The AUD continued to grind higher today with the USD on the back foot against most major currencies. NZD also rallied...

Worrisome Signs Series: Total business sales in the U.S. remain in recession

Aug 10, 2016 06:15 am UTC| Commentary Central Banks Economy

U.S. economy may be continuing its growth and remains still a bit far away from recession, but sections of the economy remainwell into contraction. Many of the indicators like real gross domestic Private investments are...

Lack of sellers sparks trouble for BoE asset purchases

Aug 10, 2016 05:46 am UTC| Commentary Central Banks

The Bank of Englands (BoE) newly enhanced asset purchase program that includes a 60 billion increase to the current asset purchase program and afresh introduction of 10 billion corporate securities purchase program ran...