Negative market sentiment on CNY may not abate quickly
Mar 06, 2015 10:13 am UTC| Commentary
The renewed rise in FX deposits highlights the increasing currency pressures and the ongoing monetary dilemma that China is facing.Even though the authorities have kept USDCNY fixings broadly stable and have attempted to...
Jump in FX deposits is reflective of growing expectations of CNY weakness vs USD
Mar 06, 2015 10:11 am UTC| Commentary
The latest banking statistics from the PBoC suggest a further increase in market concerns about the risk of CNY depreciation this year.According to the PBoC press release on banking statistics, total FX deposits in China...
Norway February inflation close to Norges Bank's forecast
Mar 06, 2015 10:04 am UTC| Commentary
The Norways February core inflation is expected to be closer to Norges Banks forecast. That means that running inflation should have no impact on the changes to the new interest rate forecastThe last important figure...
Swedish Feb CPI Preview: Fuel Prices Rebounding
Mar 06, 2015 10:01 am UTC| Commentary
The key question for February and the coming months are the effects of the weaker SEK. The SEK has indeed depreciated over the past year and that has already affected inflation. The SEK weakness to give a further boost to...
ECB Finalizes legal framework for bond purchase programme
Mar 06, 2015 09:53 am UTC| Commentary
The ECB Council has just finalised the legal framework for the bond purchase programme.It will thus start buying bonds next week, the aim being to spend a total of 60bn each month - 40bn on government bonds, 4bn on bonds...
Mar 06, 2015 09:51 am UTC| Commentary
Todays main event is the US Employment Report (14:30 CET), featuring the nonfarm payrolls and the unemployment rate. While the previous report showed substantial upward revisions to employment growth, it also revealed a...
RBA's stance will only be temporary
Mar 06, 2015 08:55 am UTC| Commentary
The RBA left the cash rate unchanged at its 3 March meeting but it introduced a clear easing bias in its communication by concluding that "further easing of policy may be appropriate over the period ahead, in order to...
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