Jun 04, 2015 01:24 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - Further easing will be neededThe RMB was the only AXJ currency (with the exception of PHP) to gain ground against the USD in May. We find this surprising given early indicators...
Jun 04, 2015 01:13 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - RBNZ easingThe RBNZ released a paper on inflation in late May, and we believe it was another small step toward a policy rate cut. The interpretation of the paper was that...
Jun 04, 2015 01:07 am UTC| Commentary
RBC Capital Markets notes:1 - 3 Month Outlook - RBA holds the line for nowThe early June meeting of the RBA saw the Bank leave the policy rate steady at 2.00%, following two cuts earlier this year in February and May. In...
Jun 04, 2015 01:02 am UTC| Commentary
RBC Capital Markets notes:1 - 3 Month Outlook - USD/CAD toward the highsUSD/CAD found its low in mid-May before bouncing sharply through the second half of the month. As we notedin early May, the main drivers of the...
Jun 04, 2015 00:56 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - CPI uptrend looks shakyExpectations that Sweden was on the road of recovery from low inflation took a slight knock when the latest April reading of CPI showed headline prices...
Jun 04, 2015 00:51 am UTC| Commentary
RBC Capital Markets notes:1 - 3 Month Outlook - Still following EZ political riskSNB chair Jordan continues to call CHF "significantly overvalued" adding "it should therefore weaken over time"and that "in addition, we have...
Jun 04, 2015 00:37 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - Grinding higherAfter an initial spike in the immediate aftermath of the Conservatives unexpected election victory, GBP hascontinued to grind higher on most crosses, with the...