Currency War Series

Taiwan's lagging recovery continues to put pressure on policymakers

Dec 07, 2015 01:58 am UTC| Commentary Economy Politics

Taiwans growth recovery remains slow and lagging. In spite of the rebound in Oct export orders, industrial production has picked up only modestly due to cyclical and structural constraints. It is production that drives...

Mexico's inflation and industrial production data on sight

Dec 07, 2015 00:50 am UTC| Commentary Economy

MXN is expected to weaken further this week as the USD gains ground after the NFP and EUR squeezing higher. This week looks relatively quiet as we only get the inflation print for November on Wednesday and Industrial...

Currency War Series

Russia's central bank to remain on hold, although a close call

Dec 07, 2015 00:40 am UTC| Commentary Central Banks

Russia rate decision will be the main event in EMEA. Although a close call, CBR is expected to keep policy rates unchanged. The market is split on the rate decision with only 12 out of 23 economists expecting the CBR to...

Renminbi Series

USDCNY on the verge of a break higher

Dec 07, 2015 00:18 am UTC| Commentary Central Banks

USDAsia crosses have failed to gain upward momentum in the past week after the ECB disappointed markets. Although the FX market is likely to consolidate ahead of the FOMC statement on 16 December, the risk to regional...

Norway IP and CPI, Poor regional growth survey raises risks for earlier cut

Dec 06, 2015 23:52 pm UTC| Commentary

Notwithstanding last weeks ECB meeting, the oil sell-off and grim future growth outlook highlighted in the Norges Banks regional network survey weakened the NOK and increased the risk for an earlier Norges Bank rate...

Less pressure on the Riksbank post ECB, but still a tough call

Dec 06, 2015 23:31 pm UTC| Commentary

The outcome of last weeks ECB meeting, combined with generally upbeat Swedish data have somewhat alleviated near-term pressure for the Riksbank. Yet, the KIX has recently strengthened and this weeks inflation data...

AUD resilience to extend as domestic recovery offsets commodity drag

Dec 06, 2015 23:07 pm UTC| Commentary

In Australia, the labour market appears to be on the mend, as reflected in the steady improvement in the labour market conditions index. In November, though, the market is expected to take a breather and are expecting...