Tone of ECB minutes raise hopes for further monetary policy action in Sept
Aug 19, 2016 13:58 pm UTC| Commentary
At its July meeting, the ECB kept interest rates on hold and stopped short of signaling that it would boost its stimulus again soon. The main refinancing rate and the deposit rate remain at record lows of zero and minus...
German July producer prices show slight pickup from the previous month
Aug 19, 2016 13:37 pm UTC| Commentary
Destatis, German Federal Statistical Office, earlier on Friday published producer prices for July which showed that slight pickup in prices, but remained sharply below the previous years levels. Data showed that German...
US Treasuries stall gains on buoyant jobless claims, Philly Fed manufacturing index
Aug 19, 2016 13:06 pm UTC| Commentary
The US Treasuries gains stalled Friday on modest improvement in both initial jobless and Philadelphia Fed manufacturing activity data. The yield on the benchmark 10-year Treasury note rose 3 basis points to 1.568 percent,...
Aug 19, 2016 12:49 pm UTC| Commentary
This month we take a closer look at the recent weakening of the USD and our EUR/USD exchange rate expectations for the next year. The latest move higher in EUR/USD has been faster than even we had anticipated at the end of...
FOMC minutes, crude oil consolidation stimulate RORO trade sentiments in USD/CAD
Aug 19, 2016 12:38 pm UTC| Commentary
CAD against the dollar is up about 0.2%, a relative underperformer against its G10 peers in an environment of broad-based USD weakness. CAD has retestedTuesdaystwo-month high and risk appears balanced to the...
Fair domestic activity likely to favor German economic growth, says Bundesbank
Aug 19, 2016 12:13 pm UTC| Commentary
German gross domestic product is expected to rise this year and the coming on favorable upswing seen in domestic activity and estimated potential increase in output which has been raised slightly as a result of the higher...
Aug 19, 2016 12:04 pm UTC| Commentary
The economic outlook of the Swiss economy has turned negative for the first time in six months as the country continues to struggle the odds of weaker prospects for Europe following Britains vote to quit the European...