Central Bank of Turkey cuts one-week repo rate by 325 bps to 16.50 pct

Sep 12, 2019 13:54 pm UTC| Commentary Central Banks

The Central Bank of Turkey cut its one-week repo rate for the second straight time today. The central bank lowered the rate by 325 basis points to 16.50 percent. Todays rate cut might seem dovish on the surface, but the...

Singaporean retail sales rebound sequentially in July, jobless rate remains at 2.2 pct

Sep 12, 2019 13:07 pm UTC| Commentary

Singaporean retail sales recovered in July, growing 2.6 percent sequentially, after shrinking in the prior two months. However, retail sales continued to shrink on a year-on-year basis, contracting 1.8 percent, as compared...

BNM keeps interest rate unchanged at 3 pct, likely to stand pat in November

Sep 12, 2019 11:51 am UTC| Commentary Central Banks

Bank Negara Malaysia kept its Overnight Policy Rate (OPR) on hold at 3 percent today, as was widely anticipated. The policy statement reads as more bearish on the growth outlook, especially on the global front. The...

USD/CNY seen to decline towards 7.0 as US-China Washington talks likely to achieve a breakthrough, says Scotiabank

Sep 12, 2019 06:17 am UTC| Commentary Economy

The USD/CNY currency pair is expected to decline towards 7.0 as the US-China Washington talks are likely to achieve a breakthrough, particularly if considering USD/CNH trading at a discount to USD/CNY recently, according...

FxWirePro: Asian markets slightly up, gold stabilizes below $1,500 mark

Sep 12, 2019 04:58 am UTC| Commentary

All the major Asian indices were trading on a higher note on Thursday. Gold was trading around $1,494 mark while silver was trading around $18.07 mark. Japans Nikkei was trading 0.95 pct higher at 21,803.77...

New Zealand economic growth likely to remain subdued in H2 2019

Sep 11, 2019 13:10 pm UTC| Commentary

New Zealand second quarter data is set release next week. According to a Westpac research report, the economy is likely to have grown 0.6 percent. This would see annual average growth decelerate further to 2.5 percent,...

USD/INR likely to showcase supportive tone in near-term given prospects of further RBI cuts this year, says Commerzbank

Sep 11, 2019 06:38 am UTC| Commentary Economy

The USD/INR currency pair is expected to showcase a supportive tone in the near-term given prospects of further interest rate cuts by the Reserve Bank of India (RBI) this year, according to the latest research report from...