USD/CNY likely to range trade for now, head for 6.60 once US and China reach a trade deal in April-May, says Scotiabank

Apr 08, 2019 07:23 am UTC| Commentary Economy

The USD/CNY currency pair is expected to range trade for now and then head for 6.60 once the United States and China reach a trade deal in April-May. Further, the CFETS RMB Index will likely fluctuate at around the 95...

JGB yields close lower following investors’ risk aversion, BoJ’s bond-buying operation

Apr 08, 2019 07:01 am UTC| Commentary Economy

The Japanese government bond yields closed lower on Monday after investors shifted away from riskier assets towards safe-haven counterparts as Tokyo shares declined amid a regular debt-purchasing operation conducted by the...

Those future tax cut promises... they're nowhere near as big as you'd think

Apr 08, 2019 05:31 am UTC| Insights & Views Economy

The 2018 budget contained big tax measures worth A$143 billion over the next decade initially targeted at lower and middle income Australians, but after five or so years to be heavily weighted towards higher income...

$500m for station car parks? Other transport solutions could do much more for the money

Apr 08, 2019 05:18 am UTC| Insights & Views Economy

Half a billion dollars sounds like a lot of money, but that really depends on what youre spending it on. In Tuesdays federal budget, the Coalition government announced its Commuter Car Park Fund, a A$500 million package...

Australian bonds jump in muted trading session ahead of RBA’s Financial Stability Review

Apr 08, 2019 04:00 am UTC| Commentary Economy

Australian government bonds jumped on the first trading day of the week Monday amid a muted session that witnessed data of little economic significance ahead of the Reserve Bank of Australias (RBA) Financial Stability...

FxWirePro: Mexican Peso likely to struggle as tariff threat to remain for years to come

Apr 05, 2019 11:14 am UTC| Commentary Economy

The clouds of tariffs are going to hang over Mexico for years to come, Talking to reporters during the first meeting of Opportunity and revitalization council, President Trump announced an ultimatum to Mexico, which...

The road to Brexit: how did the UK end up here?

Apr 05, 2019 10:18 am UTC| Insights & Views Economy

Britons are typically a polite bunch. Theyre fearful of giving offence and traditionally slow to take it. But the project of withdrawing from the European Union (Brexit) has got more people shouting their opinions and...