Mar 18, 2015 16:50 pm UTC| Commentary
The downward drift in U.S. Treasury yields helped the low-yielding yen hold above recent eight-year lows against the greenback. The yen also found marginal support in news that Japan logged a markedly smaller trade...
Mar 18, 2015 16:49 pm UTC| Commentary
The euro steadied against the greenback and exploded higher against the broadly weaker U.K. currency. A market inclination to cut back on long dollar, short euro positions ahead of the Fed helped the single currency keep...
Mar 18, 2015 16:48 pm UTC| Commentary
The pound fell below $1.47 to fresh five-year lows after key U.K. events today seemingly pushed further into the future the timing of a local interest rate hike. Meanwhile, BoEs March minutes voiced concern that sterling...
SNB likely to mark down its growth and inflation outlook
Mar 18, 2015 15:56 pm UTC| Commentary
Switzerland economic outlook has deteriorated on the back of the CHF appreciation. Consumer prices dropped further into negative territory in February, whereas the effect of the latest CHF appreciation has yet to be fully...
SNB likely on hold in its 19 March meeting
Mar 18, 2015 15:14 pm UTC| Commentary
The Swiss National Bank will be setting policy for the first time following its unexpected decision to abandon the EURCHF floor on 15 January 2015.SNB is likely to keep its policy rate unchanged at -0.75% and preserve the...
BoE MPC concerned by tightening monetary conditions and sterling’s appreciation
Mar 18, 2015 14:48 pm UTC| Commentary
Minutes of the MPCs March meeting revealed that the decision of the Committee to leave policy unchanged was again unanimous.The line from the February minutes that one member thinks the next change in the stance of...
Benefits from weak euro still to be felt
Mar 18, 2015 14:22 pm UTC| Commentary
Euro-zone non-seasonally-adjusted trade surplus rose from 0.1bn in Jan 2014 to 7.9bn - its strongest Jan outturn since the single currencys creation. But this was only because the 5.6% y/y fall in imports outpaced the 0.4%...
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