New Zealand consumer confidence index fell to 106.0 in the September quarter
Sep 20, 2015 23:54 pm UTC| Commentary
The Westpac McDermott Miller Consumer Confidence Index fell to 106.0 in the September quarter, its lowest level since September 2012, when the Index was 102.5. The main driver of the decline was a sharp drop in respondents...
Flurry of rate decisions in EMEA this week
Sep 20, 2015 22:17 pm UTC| Commentary
In EMEA, this week has a flurry of rate decisions. The most interesting will be the Turkey MPC meeting on Thursday. Although a close call, the CBT is expected to remain on hold this week. The CBT announced its roadmap for...
LatAm: MXN no reasons to hike; BRL free fall
Sep 20, 2015 21:51 pm UTC| Commentary
Banxico is expected to remain on hold next Monday as the Fed delays its lift-off and the global and local economic outlook actually points to easier monetary conditions. Further MXN weakness versus the USD is expected in...
Norges Bank tentatively on hold but signal one more cut in Q4
Sep 20, 2015 21:13 pm UTC| Commentary Central Banks
The Norges Bank is expected to keep policy unchanged at its September meeting (consensus: 1.00%), despite Norways weak near-term growth outlook. Three reasons are identified for why Norges Bank may stay its hand. First,...
China growth concerns to cap AUD bounce amidst USD pullback
Sep 20, 2015 20:32 pm UTC| Commentary
The ABS home price index (Tuesday) is the only important domestics release for the week. House prices have increased at a rapid rate this year, with annualised growth accelerating to roughly 15% over recent months....
Inflation data will be the focus of the holiday-shortened week in Japan
Sep 20, 2015 20:27 pm UTC| Commentary
Inflation data will be the focus of the holiday-shortened week in Japan (Silver Week holidays from Monday to Wednesday). August Nationwide Core CPI excluding fresh food (Friday) is expected to drop by -0.2% y/y (consensus:...
Sep 20, 2015 20:19 pm UTC| Commentary
The USD will probably remain on the sidelines during the next few weeks as markets continue digesting last weeks FOMCs statement which was considered somewhat more dovish than anticipated. The Fed will refrain from hiking...
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