USD/JPY likely to appreciate further on BoJ’s stance

Feb 01, 2016 11:20 am UTC| Commentary Central Banks

The Bank of Japan in its January meeting surprised the markets by adopting negative interest rates under the newly introduced Quantitative and Qualitative Easing program which cut the interest rate on current account...

Renminbi Series

PBoC weakens Yuan after six days of strengthening as BOJ weighs

Feb 01, 2016 10:18 am UTC| Commentary Central Banks

Peoples Bank of China (PBoC) weakened Yuan, after six consecutive days of strengthening, which has been longest since October, just before International Monetary Fund (IMF), reviewed Yuan to be included in SDR...

BOK to cut 50 basis points or more in 2016 after BOJ shock

Feb 01, 2016 09:05 am UTC| Commentary Central Banks

After South Korean exports turned out to be far worse than expected, Bank of Korea is likely to follow up with its own easing. Economy at a glance - South Korea is fourth largest economy in Asia, with GDP growing...

China Crisis Series

Why PBoC needs to ease more—Part 2

Feb 01, 2016 07:08 am UTC| Commentary Central Banks

We, at FxWirePro, are with strong belief that Peoples Bank of China (PBoC) will and have to ease policy large in 2016. In first part we argued that current debt servicing cost of Chinese corporations standing above 30% of...

Currency War Series

Indonesia’s inflation accelerates moderately in January, may give way for further easing

Feb 01, 2016 06:47 am UTC| Commentary Economy Central Banks

Indonesias inflation accelerated moderately in January to 4.14%, as compared with Barclays expectations of 4.3% and consensus expectations of 4.26%. Inflation accelerated due to lower base, as fuel prices were reduced in...

Currency War Series

Mario Draghi may push Euro lower today

Feb 01, 2016 06:42 am UTC| Commentary Central Banks

European Central Bank (ECB) president Mario Draghi, sounded more confident in banks January meeting that in December, when he disappointed market expectations and was seen fumbling literally during the course of press...

Currency War Series

RBI unlikely to lower rates on 2 Feb

Feb 01, 2016 05:48 am UTC| Commentary Central Banks

The Reserve Bank of India is unlikely to lower rates further in 2016 after cutting the rate by 50bp in September 2015. The efficacy of rate cuts is expected to depend on the rate of transmission to the lending rate. Till...