Currency snapshot (commodity pairs)

Jun 20, 2016 12:33 pm UTC| Commentary

Dollar index trading at 93.68 (-0.11%) Strength meter (today so far) Aussie +1.36%, Kiwi +0.96%, Loonie +0.62% Strength meter (since last week) Aussie +1.36%, Kiwi +0.96%, Loonie +0.62% AUD/USD Trading at...

Currency snapshot (major pairs)

Jun 20, 2016 12:25 pm UTC| Commentary

Dollar index trading at 93.69 (-0.10%) Strength meter (today so far) Euro +0.55%, Franc -0.15%, Yen -0.51%, GBP +2.14% Strength meter (since last week) Euro +0.55%, Franc -0.15%, Yen -0.51%, GBP +2.14% EUR/USD...

China’s property prices show early signs of softening momentum

Jun 20, 2016 12:10 pm UTC| Insights & Views Economy Commentary

According to data released over the weekend by National Bureau of Statistics, Chinas property prices are showing some early signals of softness. Average new home prices in 70 major cities climbed 6.9 percent last month...

Gradual rise in US underlying inflationary pressures expected

Jun 20, 2016 12:04 pm UTC| Commentary Economy

The US Fed officials, in updated forecasts, kept their projections of a slow increase in underlying inflationary pressures. The US Fed projects core deflator to accelerate to 1.7 percent in the last quarter of this year....

'Bremainers' overshadow 'Brexiteers' in latest UK polls

Jun 20, 2016 11:40 am UTC| Economy Commentary

The latest polls by various corporate bodies in the United Kingdom on the June 23 Brexit referendum have reversed, with the percentage of citizens in favor of staying in the European Union outnumbering those who oppose...

Five Star Movement beats Renzi's PD to clinch mayoral victories in Rome and Turin

Jun 20, 2016 11:40 am UTC| Commentary

Yet another blow for establishment politics in the European Union, which is already struggling to cope up with the rise of Euro-skeptics, far leftists, far-rightists, and thepopulists. In a Mayoral election, Italys...

Brazilian inflation likely to further slow down on decelerating food inflation

Jun 20, 2016 11:34 am UTC| Commentary Economy

Brazils inflation is likely to further slowdown as food inflation has also started to decelerate. Inflations broad trajectory continues to be downward given the base effect and stabilizing Brazilian real, said Societe...