UK 10-year gilt yields hit highest since May as Yellen strengthen case for December rate hike hopes

Nov 18, 2016 10:35 am UTC| Commentary

The UK 10-year gilt yields hit highest since May as investors moved away from thesafe-haven buyingamid following weakness in the U.S. Treasuries after Federal Reserve Chair Janet Yellen in her testimony to the Joint...

Renminbi Series

RMB likely to trade at 6.90 by end-2016; outlook to depend on USD performance, says OCBC

Nov 18, 2016 09:52 am UTC| Commentary

The Chinese renminbi is expected to trade at around 6.90 by the end of this year; however, the fate of the currency will depend on the performance of the greenback. RMB depreciation against the dollar has re-accelerated...

Central Banking Series

Central Banking Series

Central Banking Series

ECB’s easing to continue as inflation remains below target

Nov 18, 2016 09:49 am UTC| Commentary Central Banks

European Central Bank (ECB) is very much likely to continue with its accommodative monetary policies according to European Central Banks (ECB) president Mario Draghi. According to Mr. Draghis speech in Frankfurt, the...

Turkish lira weakens despite CBT increasing USD supply in market

Nov 18, 2016 09:40 am UTC| Commentary Central Banks

Yesterday, the Turkish lira depreciated against the USD again to a new low even as the Central Bank of Turkey attempted to stem the tide by raising USD supply in the market. Regular FX auctions were used by the previous...

USD/INR likely to trade around 68 by end-2016

Nov 18, 2016 09:37 am UTC| Commentary

The value of Indian rupee is expected to be continued to be impacted by changes in global investor risk appetite given quite a large foreign holdings of Indian equities, noted Scotiabank in a research note. The Indian...

Philippines likely to grow 6.7 pct in 2016 and 6.4 pct in 2017, says DBS

Nov 18, 2016 09:36 am UTC| Economy Commentary

Philippines economy is expected to grow 6.7 percent this year, while expanding 6.4 percent in 2017. As far as cycles are concerned, the pace of investment growth will play a role in supporting the consumption story in the...

German bunds plunge as Fed Chair Yellen confirms December rate hike

Nov 18, 2016 09:30 am UTC| Commentary

The German bunds plunged Friday after the Federal Reserve Chair Janet Yellen in her testimony to the Joint Economic Committee (JEC) of Congress confirmed that the central bank will hike its interest rate in...