RUB to weaken against the USD, before settling at 55 by year end
Apr 21, 2015 05:19 am UTC| Commentary
Relatively stable crude oil prices, a semblance of calm in Russias financial markets, and areturn of retail depositors to their local currency have been credited as behind the 23%appreciation in the RUB versus the USD...
Firming inflation, RBI easing to keep INR in 60-64 range short-term
Apr 21, 2015 05:15 am UTC| Commentary
The dramatic fall in Indias headline CPI and current account deficit over the last year, alongside the governments commitment to economic reform, leaves the INR better insulated than most EM currencies to a Fed hike later...
China's Yuan to stabilize in near-term followed by gradual appreciation
Apr 21, 2015 05:09 am UTC| Commentary
Chinas GDP grew by 7.0% in Q1 - its slowest pace since 2009, but matching the governments target. Other indicators, such as March industrial production, retail sales, and fixed investment point to a sharper slowdown.This...
Daily Economic Outlook: 21 April, 2015
Apr 21, 2015 04:48 am UTC| Commentary
A light data calendar is likely to impart keen focus on the mornings release of the German ZEW survey (0900 GMT). Readings in March exceeded market expectations for the current situation balance, with the rise in the...
Australia's monetary policy and investment implications
Apr 21, 2015 01:38 am UTC| Commentary
The preferred way of expressing the downside macro risks in Australia is via a short position in the Australian dollar versus the U.S. dollar.Although the RBA will ease policy further, this outlook appears reasonably...
CBRT likely to take TRY’s poor performance into account
Apr 21, 2015 00:43 am UTC| Commentary
The central bank of Turkey has sent official signals of an easing cycle (cutting the policy rate then all rates on the corridor, MPC communiqués that emphasise the downward CPI trend justifying the easing), while...
CBRT to leave interest rates unchanged
Apr 21, 2015 00:23 am UTC| Commentary
The Central Bank of Turkeys (CBRTs) monetary policy committee (MPC) meets on Wednesday, 22 April.The CBRT finds itself in a difficult position. With the real economy decelerating on most indicators, consumer confidence at...
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