Aussie weighed down by fundamental data

Sep 03, 2015 03:09 am UTC| Commentary

The Australian dollar retreated against its US dollar on Thursday after retail sales data from the outback nation disappointed. Retail sales fell 0.1% in July after rising a revised 0.6% in June; Australian Bureau of...

Poland's next rate change likely a hike

Sep 03, 2015 03:06 am UTC| Commentary

The National Bank of Poland (NBP) kept its policy rate on hold at 1.5%, as expected. The NBP appears quite comfortable with keeping its policy rate unchanged during 2015. This is significant because during January and...

Asia markets rally led by Japan as China closes for holiday

Sep 03, 2015 02:47 am UTC| Commentary

Asian markets had a solid start on Thursday, following a strong lead in US markets where the SP500 closed almost 2% higher. Japanese equities were trading almost unanimously higher on Thursday morning, with the weaker...

COPOM : Currency selloff not significant enough to keep hiking

Sep 03, 2015 02:00 am UTC| Commentary Central Banks

Today, the Copom decided to keep the Selic rate at 14.25%, pausing the hiking cycle that it resumed in October 2014 in a unanimous decision, as consensus expected. In the post-decision statement, the board kept the same...

US business investment back on track

Sep 03, 2015 00:49 am UTC| Commentary

The second estimate of Q2 US GDP came in at 3.7%, well above the first estimate of 2.3%. The most conspicuous revision was the 3.2% expansion of business investment, instead of a 0.6% contraction in the first estimate....

US inflation outlook turns cloudy

Sep 03, 2015 00:41 am UTC| Commentary

When the FOMC met in late July, there was a notable lack of consensus on the timing of the first rate hike. In fact, some participants doubted that there would soon be enough evidence that inflation will move back to...

Dutch exports supported by lower Euro

Sep 03, 2015 00:17 am UTC| Commentary

Export volume increased by 1% q-o-q in the second quarter, more or less in line with growth in the first quarter. Export growth is expected to continue in the rest of this year, being supported by the low value of the euro...