Currency snapshot (commodity pairs)
May 18, 2016 12:19 pm UTC| Commentary
Dollar index trading at 94.71 (+0.14%) Strength meter (today so far) Aussie +0.60%, Kiwi -0.36%, Loonie -0.47% Strength meter (since last week) Aussie +0.88%, Kiwi +0.64%, Loonie -0.05% AUD/USD Trading at...
Bank Indonesia to stand pat, unlikely to change policy rate until August
May 18, 2016 12:12 pm UTC| Commentary
Bank Indonesia is likely to keep the policy on hold this week, said Societe Generale in a research report. In August of this year, the BI rate will no longer be the policy rate. It will be replaced by the 7-day reverse...
Currency snapshot (major pairs)
May 18, 2016 12:02 pm UTC| Commentary
Dollar index trading at 94.74 (+0.18%) Strength meter (today so far) Euro -0.29%, Franc -0.25%, Yen -0.28%, GBP +0.55% Strength meter (since last week) Euro -0.13%, Franc -0.97%, Yen -0.77%, GBP +1.23% EUR/USD...
After Yesterday’s CPI, rates market turns hawkish in hike expectations
May 18, 2016 11:46 am UTC| Commentary
After inflation readings from April released yesterday and two prominent members of FOMC warned that market is underestimating June hike possibility, rates market has turned a bit more hawkish in their expectations. In...
UK’s financial well-being hits 22 month low
May 18, 2016 11:35 am UTC| Commentary Economy
According to survey conducted by Markiteconomics, UK Household finance index (HFI), which is a perceptive measure of financial wellbeing has dropped to 22 month low, ahead of Britains referendum over EU. According to...
Australia’s job creation rate likely eased in April, jobless rate to have risen to 5.8 pct
May 18, 2016 11:30 am UTC| Commentary
Recoil after a strong employment data in Q4 2015 mainly drove the employment data for the first quarter of 2016. In the last quarter of 2014 employment increased at an average of 41k or at an annualized rate of 4.2%....
Koruna remains firm on better-than-expected Czech GDP, Zloty under pressure
May 18, 2016 11:30 am UTC| Commentary
The Koruna remained on a notably good track, gluing to the Czech National Banks intervention threshold, after Q1 gross domestic product confirmed that the Czech economy remains on a good track. At the time being, there...
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