Currency snapshot (major pairs)
May 19, 2016 11:35 am UTC| Commentary
Dollar index trading at 95.23 (+0.1%) Strength meter (today so far) Euro -0.13%, Franc -0.15%, Yen +0.29%, GBP +0.24% Strength meter (since last week) Euro -0.85%, Franc -1.67%, Yen -1.23%, GBP +1.86% EUR/USD...
Zloty, Forint under selling pressure, strong macro data cushions steep fall
May 19, 2016 11:10 am UTC| Commentary
The Polish Zloty and Hungarian Forint remained under selling pressure from overseas markets, as investors awaited the minutes of the Apr 26-27 Federal Open Market Committee meeting, released today. The hawkish message...
BNM keeps overnight policy rate on hold
May 19, 2016 10:59 am UTC| Commentary
The Malaysian central bank kept its overnight policy rate unchanged at 3.25% at its meeting today. However, the balance of risks for the countrys domestic and external demand is tilted on the downside in the midst of...
Oil in Global Economy Series: What fundamentals at play in oil market currently?
May 19, 2016 10:53 am UTC| Commentary
North American benchmark WTI, has risen 85% or more from its February low and up around 28%, so far this year. It is now challenging a key resistance ($49/barrel) around more important psychological level ($50/barrel). It...
Unemployment expected to decline in the US on subdued productivity growth
May 19, 2016 10:47 am UTC| Commentary
The unemployment rate in the United States is expected to decline further in the near term on soggy growth in productivity amid weakness in the US labor market. The US unemployment rate has stabilized at around 5 pct...
May 19, 2016 10:31 am UTC| Commentary
Entire month IPCA inflation in Brazil decelerated in March to 9.39% y/y and in April to 9.28% y/y from Februarys 10.36%. Housing inflation has decelerated at a significant rate at present and overall inflation moderation...
Australian bonds recover as crude tumble on dollar strength, rising inventories
May 19, 2016 10:20 am UTC| Commentary
The Australian government bonds recovered their early losses Thursday as investors pour into safe-haven assets amid losses in riskier assets including crude oil and stocks. The yield on the benchmark 10-year Treasury note...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight