Renminbi Series

China’s FX reserves decline in May

Jun 07, 2016 09:08 am UTC| Commentary Central Banks

Chinas foreign exchange reserve, declined to $3.191 trillion, after rising marginally to 3.219 trillion in April. Gold reserves are down to $70.48 billion, largely due to change in value of Gold. PBoC has 58.14 million...

FX Hedging Strategy Series

FxWirePro: AUD's more scope for bounces as RBA and Fed defer rate decision

Jun 07, 2016 06:55 am UTC| Commentary Central Banks

We reckon that the AUD gains should not be surprised ever since the positive GDP flashes in last week, speculators began being concerned about a low probability to the Reserve Bank of Australia cutting its 2% official cash...

FxWirePro: AUD's more scope for bounces as RBA and Fed defer rate decision

Jun 07, 2016 06:21 am UTC| Insights & Views Central Banks

We reckon that the AUD gains should not be surprised ever since the positive GDP flashes in last week, speculators began being concerned about a low probability to the Reserve Bank of Australia cutting its 2% official cash...

Fed Hike Aftermath Series

Fed’s May LMCI slides on poor employment report, likely to further delay the rate hike

Jun 07, 2016 06:03 am UTC| Commentary Central Banks

The Federal Reserves Labor Market Conditions Index (LMCI) slid in May, following a poor performance from the labor market that too registered a decline in the same month, adding too few jobs into the US economy, slashing...

Fed Hike Aftermath Series

Fed’s Yellen seems positive on economic outlook, shrugs labor market concern   

Jun 07, 2016 05:21 am UTC| Commentary Central Banks

The United States Federal Reserve Chair Janet Yellen, while speaking at an event in Philadelphia, affirmed her conviction of positivity on the overall outlook of the US economy, while warning that investors and other Fed...

Key highlights from Janet Yellen’s Philadelphia speech

Jun 07, 2016 05:02 am UTC| Commentary Central Banks

Speaking at World Affairs Council, in Philadelphia, FED Chair Janet Yellen provided best possible indication that the central bank is likely to hold steady in this months meeting. The Fed chair gave a broadly positive...

FX Hedging Strategy Series

FxWirePro: USD/INR put spreads back in action on dovish RBI, USD/CNY stalls bull rout eyeing Fed

Jun 06, 2016 12:55 pm UTC| Central Banks Insights & Views

USDCNY has been trimming gains from last four days, drop from the highs of 6.5934 to the current 6.5650 (0.43%). China May activity and loan data should be a mixture of less impressive recovery in sales, continued YoY...