Currency snapshot (major pairs)

Jun 17, 2016 12:13 pm UTC| Commentary

Dollar index trading at 94.32 (-0.27%) Strength meter (today so far) Euro -0.15%, Franc +0.35%, Yen +0.49%, GBP +0.04% Strength meter (since last week) Euro +0.04%, Franc +0.28%, Yen +2.55%, GBP +0.29% EUR/USD...

US Treasuries slump after Brexit campaigning halts in Britain

Jun 17, 2016 11:58 am UTC| Commentary

The US Treasuries complex slumped on Friday as campaigning over whether Britain should remain in the European Union was suspended for a second day after the killing of a U.K. politician Jo Cox, reducing demand for the...

Briferendum Series

Briferendum Series: Brexit and VIX go hand in hand

Jun 17, 2016 11:45 am UTC| Commentary

Yet another evidence that the fear surrounding Brexit is fuelling the risk aversion in the market. The chart was shared this week by Aurelija Augulyte, asenior FX strategist at Nordea Markets. It shows the relation of VIX,...

Taiwan’s export orders likely to have rebounded in May

Jun 17, 2016 11:27 am UTC| Commentary Economy

Taiwans export orders are likely to have rebounded in May. In the previous month, export orders growth had slowed to -11.1 percent year-on-year from Marchs -4.7 percent year-on-year. The slowdown in April was mainly due to...

Spike in household consumption fosters Q4 growth in India; trend likely to continue

Jun 17, 2016 11:22 am UTC| Commentary

The Indian economy grew at 7.9 percent in the fourth quarter of fiscal year 2015-16, growth being largely driven by consumption. It is further evident that the economy is witnessing a strong recovery, on grounds of...

Domestic demand remains key growth driver of euro area; economy likely to slow in Q2

Jun 17, 2016 11:20 am UTC| Commentary Economy

The euro area economy had surprised on the upside in the first quarter, growing strongly. The disturbance in the financial market at the beginning of 2016 had raised projections of a weaker momentum. However, the euro area...

Strong CPI likely to put BoC in tough position

Jun 17, 2016 11:18 am UTC| Commentary

In a speech to the Yukon Chamber of Commerce, Bank of Canada (BoC) Governor Poloz gave a progress report on the economy since the banks last forecast in April. He reviewed the outlook in light of key risks the Bank had...