Jun 02, 2015 14:30 pm UTC| Commentary
Western Union:The dollars upturn since mid-May suffered a setback Tuesday as a turn for the better in Europe rewarded the single currency with a rally. Concrete signs of the U.S. economy healing from its first quarter...
Jun 02, 2015 14:29 pm UTC| Commentary
Western Union:Canadas loonie rebounded from mid-April lows as the U.S. currency pulled back and oil prices topped $60. The fragile shape of Canadas economy will leave the loonie vulnerable to testing new lows over the...
Jun 02, 2015 14:29 pm UTC| Commentary
Western Union:The Aussie dollar bounced above month and a half lows after Australias Reserve Bank left its main interest rate at a record low of 2.0% and stopped short of maintaining a lower rate bias. The notion that...
Jun 02, 2015 14:28 pm UTC| Commentary
Western Union:Sterling recovered from its brush Monday with one-month lows against the dollar, riding the euros coattails higher. Underlying sterling sentiment has dimmed following a run of lackluster data that has...
Jun 02, 2015 14:28 pm UTC| Commentary
Western Union:The euro exploded above a key level against the dollar thanks to a pair of constructive headlines from Europe. Inflation turned positive for the first time since Nov, climbing by a healthier than expected...
Data today confirm that the euro area has exited deflation
Jun 02, 2015 12:53 pm UTC| Commentary
Euro-area HICP inflation increased to 0.3% y/y in May from 0.0% y/y in April. The biggest surprise was an increase in core inflation to 0.9% y/y in May from 0.6% y/y in April (consensus 0.7% y/y).According to Danske Bank -...
Jun 02, 2015 12:32 pm UTC| Commentary
Although the 25bps repo rate cut by RBI was in line with market expectations, the rates market response to the announcement was muted. In response to the policy announcement, the new 10Y benchmark Indian government bond...