
Currency snapshot (major pairs)
Dec 07, 2016 12:02 pm UTC| Commentary
Dollar index trading at 100.52 (+0.03%) Strength meter (today so far) Euro +0.05%, Franc +0.08%, Yen -0.04%, GBP -0.53% Strength meter (since last week) Euro +0.67%, Franc -0.18%, Yen -0.65%, GBP -0.89% EUR/USD...
China’s foreign trade likely to have recovered further in November
Dec 07, 2016 11:42 am UTC| Commentary
Chinas foreign trade is expected to have recovered further in November. According to Societe Generale, foreign trade is expected to have rebounded in both RMB and USD terms. South Koreas trade data shows an improvement in...
API reports deficit while the market awaits EIA report
Dec 07, 2016 11:40 am UTC| Commentary
North American oil benchmark, WTI is enjoying positive sentiment over the OPEC deal, that was concluded last week. WTI is currently trading at $51.1 per barrel and Brent at $3 per barrel premium to WTI. Key factors at...
USD/MYR pair likely to trade at 4.6 by end-2017, says Commerzbank
Dec 07, 2016 11:27 am UTC| Commentary
Since the U.S. Presidential elections on 8 November, the Malaysian ringgit has underperformed against its peers. The Malaysian currency has depreciated about 6 percent against the US dollar as against the average drop of...
Bank of Canada monetary policy preview
Dec 07, 2016 11:27 am UTC| Commentary Central Banks Economy
Today Bank of Canada (BoC) is to provide further guidance in policy meet. The result of the monetary policy meeting is scheduled to be announced at 15:00 GMT. Current policy measures BoC is maintaining overnight...
Malaysian exports witness sharpest fall since April 2015, beats market expectations
Dec 07, 2016 11:23 am UTC| Commentary Economy
Exports in Malaysia witnessed the sharpest fall since April last year, largely beating what markets had initially anticipated. Malaysias exports in October fell 8.6 percent from a year earlier, the biggest drop since...
Czech National Bank likely to extend EUR/CZK floor until end-2017, says Commerzbank
Dec 07, 2016 11:14 am UTC| Commentary Central Banks
The Czech National Banks minimum exchange rate of 27.00 determines the EUR/CZK exchange rate. This year, the Czech central bank had to continue to actively defend the floor using foreign exchange intervention, which has...