Currency War Series

Currency War Series

Briferendum Series

Brexit could trigger joint FX market interventions by major central banks

Jun 15, 2016 15:06 pm UTC| Commentary Central Banks

Latest polls show rising odds that the UK will vote to leave the EU next Thursday. Despite the market having begun to increasingly price in this risk scenario in the last few days, financial markets will be shaken up...

Currency War Series

Rising speculation of rate cut by RBNZ keeps Kiwi subdued

Jun 14, 2016 14:55 pm UTC| Commentary Central Banks

The RBNZ held rates and policy last week giving the kiwi a big jump as it remains near the top of its trading range. This week, the bird is likely in for a volatile ride, as markets brace for a slew of local data and major...

Currency War Series

What could drive central banks in US and Japan in Q3’2016 that in turn drives USD/JPY

Jun 13, 2016 08:11 am UTC| Central Banks Insights & Views

The Bank of Japan is expected to stand pat this Thursday. Economic data actually suggest the need for further policy easing. GDP growth rose 1.9% (QoQ SAAR) in 1Q16 after falling -1.8% in 4Q15, meaning no growth over the...

Currency War Series

Mario Draghi calls for policy supports from other areas in a speech today

Jun 09, 2016 09:06 am UTC| Commentary Central Banks

Speaking at Brussels Economic Forum, in a lecture organized by European Commission, European Central Bank (ECB) chief, Mario Draghi aggressively called for countries to step forward and provide support to ECBs monetary...

Currency War Series

Bank of Korea likely to hold rates as domestic demand continues to improve

Jun 06, 2016 06:42 am UTC| Commentary

The Bank of Korea is expected to keep rates unchanged at its policy meeting scheduled on June 9, Thursday, following pickup in domestic demand over the past one month, owing to expansion in fiscal stimulus. The central...

Currency War Series

ECB to stay pat, could raise its staff inflation projections on the back of higher oil prices

May 31, 2016 11:47 am UTC| Insights & Views Central Banks

Over the past few months, the ECB has grown more aggressive in its policymaking to push up inflation. It has slashed interest rates, including its main refinancing rate to zero, and expanded its bond-buying program. Data...

Currency War Series

ECB likely to keep rates on hold this week, unlikely to signal additional easing

May 30, 2016 10:50 am UTC| Commentary Central Banks

The European Central Bank is likely to keep its monetary policy on hold this week and not provide any hints of additional easing, said Danske Bank in a research report. After the easing measures were announced in March,...