May 20, 2015 05:32 am UTC| Commentary
The SGD NEER itself has held comfortably above the midpoint of the trading band since 24 April, on Barclayss estimates, amid a significant paring back in market expectations for further MAS easing following the 14 April...
Attractive roll-down on the THB curve
May 20, 2015 05:14 am UTC| Commentary
The recent rise in Thai baht (THB) swap rates - a spill-over effect of the global bond market sell-off and bear steepening of the curve - provides a good opportunity for roll-down trades. THB 5Y swap rates spiked c.30bps...
Thailand's export forecast cut and downside risks to growth
May 20, 2015 04:55 am UTC| Commentary
Thai exports, which constitute c.56% of the countrys GDP, have contracted in each of the first three months of this year. This week, the NESDB cut its 2015 export growth forecast to almost flat (0.2%) from its previously...
Daily Economic Outlook: May 20th 2015
May 20, 2015 04:18 am UTC| Commentary
Following last weeks publication of the May Inflation Report, todays release of the minutes of this months MPC policy meeting is unlikely to shed anyadditional insight into the collective position. Nonetheless, the minutes...
Euro-area economy is strong, but some headwinds are returning
May 19, 2015 23:23 pm UTC| Commentary
Euro-area GDP growth in Q1-2015 outpaced the US and the UK: the picture is emerging of a domestic-demand-driven recovery, supported by structural changes (banks have cleaned up their balance sheets, governments have cut...
South Africa's SARB seen hawkish, but on hold
May 19, 2015 22:26 pm UTC| Commentary
The South African Reserve Bank (SARB) is expected to hold its repo rate steady at 5.75% on Thursday. However, higher oil prices, a deteriorating domestic food-price outlook and the probability of higher-than-expected...
Hong Kong inflation likely to have edged lower in April
May 19, 2015 22:15 pm UTC| Commentary
Hong Kong will announce April CPI numbers on 21 May. Headline inflation of 4.3% y/y is expected, down from 4.5% in March.The expected drop reflects a stabilising housing component (for now), continuing deflationary...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects