Renminbi remains under pressure
Sep 18, 2015 07:55 am UTC| Commentary
Chinas central bank set the USD-CNY fixing rate at 6.3607, 63pips lower than the previous fixing. The 0.1% appreciation of the CNY fixing rate was the biggest gain in two weeks, following the strength of non-USD currencies...
Switzerland deflation could accelerate?
Sep 18, 2015 07:50 am UTC| Commentary
SNB used the oil price as the reason for the new, more pessimistic inflation outlook for Switzerland. But, it is not the short term negative inflation shocks in themselves that cause a problem for the SNB. The problem...
Sep 18, 2015 07:39 am UTC| Commentary
With Canadas core inflation rate of 2.4% (yoy in July), i.e. at the upper end of the central banks target corridor of 1%-3%, one should expect the BoC not to be too far behind Fed when it comes to a normalization of...
Further aspects against the dollar
Sep 18, 2015 07:37 am UTC| Commentary
The dots (i.e. the expectations of the FOMC members as regards future key rates) continue to move downward. The median of expectations for end-2016 (following 2.5% in December, 1.875% in March and 1.625% in June) has now...
Fed needs a little bit more time
Sep 18, 2015 07:35 am UTC| Commentary
Was the fact that the Fed did not dare to execute lift-off, but only signaled that that step would follow at a later stage (it sounded like December) really so important as to cause EUR-USD to record gains that peaked near...
Fed moves opens some upside room for EUR/USD in short term
Sep 18, 2015 07:19 am UTC| Commentary
The USD continued to feel some pressure yesterday already ahead of the Fed, while the EUR performed much better. The moves were generally not huge, though.Clearly, the Fed meeting has been a great source of uncertainty...
First Fed rate hike still likely in December
Sep 18, 2015 07:16 am UTC| Commentary
The Fed kept rates unchanged yesterday, worried about the global economy, financial market volatility and sluggish US inflation. Still, 13 out of the 17 FOMC members see at least one rate hike this year.They still seem to...
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