NZD/USD pair to weaken, likely to trade around 0.71 at end-2017

Aug 08, 2017 23:06 pm UTC| Commentary

The New Zealand dollar, in the last three months, has rallied solidly against the U.S. dollar, peaking at a new multi-year high above 0.75, noted Lloyds Bank in a research report. The move has been underpinned by solid...

Riksbank likely to keep repo rate on hold this year, may hike in H2 2018 – Nordea Bank

Aug 08, 2017 23:05 pm UTC| Commentary

The Swedish inflation has accelerated to or just below the target level of 2 percent. Furthermore, inflation expectations have stabilized around the target, while the GDP growth is stronger than projection and the global...

Bank of Japan unlikely to tighten its monetary policy by end-2018 – Nordea Bank

Aug 08, 2017 23:04 pm UTC| Commentary

Japans central bank, the Bank of Japan, is unlikely to tighten its ultra-loose monetary policy by the end of next year as the nation continues to struggle to push inflation towards 2 percent in spite of the above-potential...

Global oil demand growth likely to decelerate in 2017 and 2018

Aug 08, 2017 23:03 pm UTC| Commentary

In 2015, the oil demand growth had propelled by 2m b/d after the collapse in oil prices in 2014 and the strong growth continued by 1.6 million b/d in 2016. According to a Nordea Bank research report, global demand growth...

Norwegian inflation likely to have decelerated in July

Aug 08, 2017 23:02 pm UTC| Commentary

Norwegian inflation is expected to have decelerated sharply in July; however, it still continues to be above Norges Bank. According to a Nordea Bank research report, Norways core inflation is expected to have come in at...

CE3 economic growth likely to slowdown in H2 2017 - Commerzbank

Aug 08, 2017 22:06 pm UTC| Commentary

The June industrial activity data for the Czech Republic came in surprisingly weak on Monday. The headline industrial output came in weaker than expected at 2.2 percent year-on-year compared with consensus expectations of...

Canadian economy likely to have expanded 4 pct in Q2, likely to hold above 2 pct in H2

Aug 08, 2017 21:55 pm UTC| Commentary

Canadas economic growth surprised on the upside In May, the real GDP had grown 4.6 percent year-on-year, the strongest in 16 years, which was impressive even if helped by last years wildfire-related slump. Following a 3.7...