Swiss FX reserve rises with intervention

Dec 07, 2015 10:27 am UTC| Commentary Central Banks

For the past month, looking at Euro/ Franc exchange rate, we have been speculating that Swiss National Bank (SNB) might be intervening in the market on regular basis to pop up Euro against Franc and to maintain some...

Currency War Series

Fed likely out of its "ultra-loose" monetary policy- first big change of coming year

Dec 07, 2015 09:03 am UTC| Commentary Central Banks

In the coming year, Fed will be the first major central bank to raise its interest rates and exit from its ultra-loose monetary policy. After a first hike, likely on December 16, the central bank is set to take more steps...

Currency War Series

Draghi’s attempt to sooth market in post-ECB commentary likely to fail

Dec 07, 2015 08:42 am UTC| Commentary Central Banks

European Central Bank (ECB) governor, Mario Draghi at a dinner party on Wall Street, late last Friday, tried to soothe market, however attempts like these are likely to be less effective from now on. Mr. Draghi, pointed...

Currency War Series

BoK likely to stand pat in December meeting

Dec 07, 2015 06:33 am UTC| Commentary Central Banks

Bank of Koreas cash rate has been left unchanged at 1.50% for several months now, saying that it will stand pat for the inter-meeting time period. The same is expected in its December meeting as well, which is likely to be...

Currency War Series

Riksbank likely to cut rate by 10bp

Dec 07, 2015 05:40 am UTC| Commentary Central Banks

As a result of last weeks disappointing ECB meeting, along with Swedish data, there is somewhat increased pressure on Riksbank in the near term. The KIX recently gained strength and this weeks inflation data will be of...

Currency War Series

Swiss National Bank to stand pat this week

Dec 07, 2015 05:13 am UTC| Commentary Central Banks

SNB has its policy meeting this week and no change in the policy is expected, after last weeks ECB disappointment. Originally it was proposed that SNB would remove the exemption from negative depo rates for the domestic...

Currency War Series

ECB measures make the liquidity outlook brighter

Dec 07, 2015 05:05 am UTC| Commentary Central Banks

QE purchases programme was extended to March 2017, with the investment principal payments on securities purchased under the Asset Purchase Programme, as they mature, made the outlook for liquidity brighter with more...