NZD/USD to trend lower in long term

Aug 11, 2015 05:13 am UTC| Commentary

Beyond the two additional cuts which are expected this year, more evidence of a softer terms-of-trade should maintain a weaker activity and employment outlook, and should keep the RBNZ with a neutral/soft dovish bias."Over...

Taiwan exports start Q3 on weak note

Aug 11, 2015 04:49 am UTC| Commentary

Taiwan exports again posted negative growth rate of -13.9% in June which recorded -3.8% in May. Consensus expected the economys exports to drop by 10.5% due to a significant fall in refinery and petrochemicals shipments -...

More RBNZ easing in near term

Aug 11, 2015 04:40 am UTC| Commentary

The RBNZ cut the policy rate again in July (now 50bps this year).The case for easing developed in NZ through the first half of the year, and continues to justify more cuts in the coming months. The concerns primarily...

More RBA cuts in store in long term

Aug 11, 2015 04:35 am UTC| Commentary

In the longer run, we look for AUD/USD to reach new cycle lows over the 6-12 month horizon. Structural issues should continue to drag on the economy, including persistently weak commodity prices and the impact on the...

Daily Economic Outlook: 11th August, 2015

Aug 11, 2015 04:19 am UTC| Commentary

The August German ZEW survey is set to dominate the news flow this morning. After a sharp pickup between 2014Q4 and 2015Q1, the forward-looking expectations measure, which tends to lead euro-area GDP by around three...

Fed’s LMCI continues to advance in July

Aug 11, 2015 04:16 am UTC| Commentary

The Federal Reserves Labor Market Conditions Index (LMCI) rose 1.1 points in July, the third consecutive monthly increase for the index and a reflection of sustained and broad based labor market improvement early in Q3....

RBA in ‘wait and see’ mode

Aug 11, 2015 03:58 am UTC| Commentary

Australias monetary policy outlook has been pivotal to the direction of AUD in 2015 and will remain so for the rest of the year. The RBA left its policy rate steady at 2.00% at its early August meeting (after cutting 25...