Czech balance of payments remain in strong position

Apr 13, 2016 15:56 pm UTC| Commentary

The Czech National Bank data on Wednesday showed that Czech current account surplus increased notably in February. The current account surplus rose to CZK 43.96 bln in Feb from CZK 32.36 bln in the prior month, well above...

U.S. NFIB's small business optimism declines for a third consecutive month, hits a two-year low

Apr 13, 2016 15:12 pm UTC| Commentary

Data released on Tuesday showed that the NFIBs small business optimism index retreated for a third consecutive time in March, falling by 0.3 points to 92.6, hitting a two-year low. Data missed expectations which called for...

BCB steps up intervention, keen to reduce volatility in BRL

Apr 13, 2016 14:39 pm UTC| Commentary

The Brazilain real soared 10% against the dollar Q1 2016 as markets bet that attempts to impeach President Dilma Rousseff would lead to a new government that could help boost business confidence and curb a record fiscal...

Deflation trend likely to force National Bank of Poland to cut rates further

Apr 13, 2016 14:06 pm UTC| Commentary

According to data released by Polands Central Statistical Office, based on its new CPI basket, which allocates less weight to food and energy (41.1% vs. 41.9%), but otherwise incorporates marginal changes, Polish core CPI...

Currency snapshot (commodity pairs)

Apr 13, 2016 13:53 pm UTC| Commentary

Dollar index trading at 93.83 (-0.14%) Strength meter (today so far) Aussie -0.44%, Kiwi -0.15%, Loonie -0.36% Strength meter (since last week) Aussie +1.39%, Kiwi +1.78%, Loonie +1.27% AUD/USD Trading at...

Markets price in upside surprise in China’s Q1 GDP after better than expected trade data

Apr 13, 2016 13:46 pm UTC| Commentary

Chinas trade data came in significantly better than expected in March. Exports in March rose by 18.7% y/y, beating consensus at 14.9% y/y. It was a very strong rebound from February when exports declined 20.6% y/y. Chinas...

Canadian bonds mixed ahead of Bank of Canada policy meeting

Apr 13, 2016 13:24 pm UTC| Commentary

The Canadian bonds mixed on Wednesday, as investors awaits monetary policy meeting. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, stood flat at 1.293 pct, yield on the 2-year...