Currency War Series

ECB’s policy easing underwhelms

Dec 04, 2015 02:54 am UTC| Commentary Central Banks

Reaction in the overnight European markets would have you believe that the European Central Bank (ECB) did not act on policy. Equity markets ended in red, bond yields inched up and the euro was back above 1.08/dollar after...

Currency War Series

Draghi sure took some pressure off the Fed, didn’t he?

Dec 04, 2015 02:47 am UTC| Commentary Central Banks

Draghi sure took some pressure off the Fed, didnt he? No big change to QE after all and the euro surges to $1.094 from $1.055 - a 3.8% strengthening that makes the RMB move back in August look like kid stuff, even if it...

Preventing excessive rupiah volatility is a priority

Dec 04, 2015 02:35 am UTC| Commentary

Amid prevailing uncertainties in global financial markets, Bank Indonesia (BI) has resisted pressure to trim its interest rates to help boost GDP growth. This weeks moves in the USD/IDR might have justified BIs decision to...

Philippines November CPI inflation rises from low levels

Dec 04, 2015 02:17 am UTC| Commentary

Inflation rose to a five-month high in November, a large upside surprise. While overall price pressures remain under control, food inflation rose to 1% m/m, the largest uptick in food prices since July 2014 as the El...

Malaysia's exports should remain resilient on the back of the weak currency

Dec 04, 2015 02:08 am UTC| Commentary

Malaysias exports should remain resilient on the back of the weak currency. Trade data for October is due today and the headline export growth is expected to register an expansion of 9.0% YoY, marginally better than an...

Weak exports remain a source of worry in South Korea

Dec 04, 2015 01:43 am UTC| Commentary Economy

GDP growth has been revised to 5.3% (QoQ saar) for 3Q, compared to 5.0% in the preliminary figures. The upward revision mainly came from domestic demand, including both private consumption (5.0% vs. 4.7%) and investment...

Strong German domestic demand despite adverse global economic conditions

Dec 04, 2015 00:56 am UTC| Commentary

Germanys GDP growth decelerated slightly to 0.3%QoQ in Q3 2015 from 0.4%QoQ in Q2 on the back of a sharp drag from net trade (- 0.4pps after +0.8pps in Q2) due to emerging markets economic slowdown and a decline in gross...