Fed Hike Aftermath Series

Fed Hike Aftermath Series: Dollar weakened as September rate hike probability dives

Sep 07, 2016 10:37 am UTC| Commentary Central Banks

The dollar has taken a major beating this weekafter several US economic data surprised the market to the downside. First the ISM manufacturing PMI last Thursday showed that the sector has shrunk in August unexpectedly....

Eurozone periphery bonds strengthen on ECB policy easing hopes

Sep 07, 2016 10:07 am UTC| Commentary

The Eurozone periphery bonds strengthened Wednesday as investors poured into safe-haven assets after reading weaker than expected United States economic data, which pressurised the European Central Bank for further...

Bank Negara remains on hold post July’s surprise cut; policymakers await upcoming budget

Sep 07, 2016 09:42 am UTC| Commentary Economy Central Banks

The Malaysian central bank held fire at its monetary policy meeting held Wednesday, after unleashing a surprise rate cut in July, for the first time in seven years. Also policymakers are closely awaiting the upcoming...

Riksbank keeps policy on hold, marginally revises up inflation forecast for next year

Sep 07, 2016 09:18 am UTC| Commentary Central Banks

The Swedish central bank, Riksbank, kept its policy on hold today, on par with expectations. The central bank kept the repo rate unchanged at -0.50 percent, while the bond purchases are planned to carry on until December...

Hungarian economic growth outlook deteriorates, GDP likely to grow 1.6 pct this year

Sep 07, 2016 09:16 am UTC| Commentary

The Hungarian economic growth is expected to struggle to attain even the sub-consensus projection of 2.2 percent growth in 2016, said Commerzbank in a research note. The economic growth was up by less than one percent,...

German bunds rise modestly ahead of 10-year auction; ECB policy decision in focus

Sep 07, 2016 09:09 am UTC| Commentary

The German bunds traded modestly firmer Wednesday as investors remained cautious ahead of the 10-year auction. Also, traders awaiting the European Central Bank monetary policy decision, where there is a chance of another...

Chinese FX reserves decline while Swiss reserves rise in August

Sep 07, 2016 08:56 am UTC| Commentary Economy

The latest data from Peoples Bank of China (PBoC) shows that FX reserve in China is continuing their decline and in August the total reserve has declined to $3.185 trillion, down half a percent from July. The reserve is...