RBNZ under little pressure to cut interest rates at its policy meet this Thursday
Apr 24, 2015 17:56 pm UTC| Commentary
The decent near-term outlook for GDP growth and the robust housing market mean there is little pressure on the Reserve Bank of New Zealand to cut interest rates at its policy meeting this Thursday."We expect that rates...
Bank of Japan likely to announce more stimulus at Thursday’s meeting
Apr 24, 2015 17:48 pm UTC| Commentary
The Bank of Japan will announce more stimulus at Thursdays meeting. While Governor Kuroda provided no indications that additional easing was imminent at the meeting earlier this month, he has a record of springing...
German economic conditions are holding up despite the Greek crisis
Apr 24, 2015 17:35 pm UTC| Commentary
Aprils rise in the Ifo German Business Climate Indicator (BCI), from 107.9 to 108.6, suggests that economic conditions are holding up despite the Greek crisis and comes as a relief after falls in the ZEW and PMI surveys....
Petro currencies march on as Brent vaults $65/bbl
Apr 24, 2015 17:30 pm UTC| Commentary
Crude oil prices have jumped 20% so far this month, helping petro currencies to appreciate by between 2% and 14% against the euro and the US dollar.Confidence that US oil production may soon fall and that global demand and...
Apr 24, 2015 16:29 pm UTC| Commentary
The dollar was on the move lower again after durable goods didnt alter the perception that the U.S. economy was only slowly emerging from its winter slowdown. Durable goods were up 4.0% in March, better than forecasts of a...
Apr 24, 2015 16:29 pm UTC| Commentary
A buoyant loonie held in close range of three-month highs against its U.S. counterpart, supported by an underperforming greenback and the past months stabilization in oil prices.And little Canadian economic data this week...
Apr 24, 2015 16:29 pm UTC| Commentary
One of the few bright spots for the dollar this week is against the yen. Though generally lower, the dollar has gained a little ground against the yen this week, a reflection of improved risk sentiment with markets in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects