Political uncertainty amid risks of rating downgrade continues to pressurize ZAR

Nov 24, 2016 11:52 am UTC| Commentary Economy Central Banks

The South African rand is witnessing continuous pressure, following ongoing political uncertainty in the country, coupled with risks of a rating downgrade. Further, the central bank is expected to leave its key rate...

Mexico’s medium-term trade balance outlook deteriorates

Nov 24, 2016 11:46 am UTC| Commentary

Mexicos trade balance continues to be ordinary, while the medium-term outlook is worsening. The countrys year-to-date trade balance worsened from a deficit of USD 10.8 billion to a deficit of USD 12.5 billion as exports...

Oil in Global Economy Series

Oil in Global Economy Series: Commentaries from Iraq enhance the possibility of OPEC deal

Nov 24, 2016 11:29 am UTC| Commentary

Haider Al-Abadi, the Prime Minister of Iraq was the latest high-profile personalityafter Russian energy minister Alexander Novak, and Russian president Vladimir Putin to improve the odds of OPEC reaching an agreement on...

FX Hedging Strategy Series

FxWirePro: PBoC opts to stay pat on Yuan’s vulnerability – Hedge upside risks as USD/CNY all set to take off at psychological 7 and above

Nov 24, 2016 11:21 am UTC| Central Banks Commentary

The dollar surged to a for multi-year peaks against Chinese currency on today, bolstered by more than anticipated U.S. economic data that showed the economy on track for steady growth and reinforced expectations of...

Australian economy to remain fastest growing advanced economy through 2018, says Scotiabank

Nov 24, 2016 11:08 am UTC| Commentary

Australias economy is likely to stay the most rapidly expanding major advanced economy through 2018, noted Scotiabank in a research report. However, in spite of its strong performance, the Australian economy is expected to...

Italy’s wage inflation rises sequentially in October

Nov 24, 2016 11:07 am UTC| Commentary

Italys official statistics office, Istat, today released the countrys wage inflation data for the month of October. The coverage rate, which is the share of national collective agreements in the force for the wage setting...

U.K. mortgage approvals rise highest in 5 months, consumer credit at decade-high

Nov 24, 2016 11:05 am UTC| Commentary Economy

Mortgage approvals in the United Kingdom rose to its highest levels in near five months, while the countrys consumer credit hit a decade high during the period of October. The number of mortgages approved for house...