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Philippine central bank keeps interest rate unchanged at 2 pct

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. personal income and spending rose less than expected in August

U.S. existing home sales rise above expectations in October

Canada's economy shows growth in July, but growth stalled in

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

U.S. existing home sales decline in August

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

United States building permits

Australian economic growth recovers strongly in Q3 2020

U.S. durable goods orders sustain robust growth

Reserve Bank of India likely to stand pat in December

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

FxWirePro: Daily Commodity Tracker - 21st March, 2022

Malaysian headline inflation falls further in October, likely to remain negative in 2020

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

Daily outlook for TRY: Commerzbank

Friday, February 27, 2015 7:49 AM UTC

Quotes from Commerzbank Corporates & Markets:

-TRY: Tension erupted again in the Turkish bond and FX markets yesterday with USD-TRY rising above 2.50 despite the government refuting a strong rumour in the media that deputy PM Babacan and CBT Governor Basci would soon resign, a rumour which caught on when Basci missed office for health reasons.

-The PM's office has made a strong refutation of this particular media claim, and on this specific occasion, things may calm down today - but, the incident highlights to what extent the markets have turned jittery and suspicious that things are not what they appear to be, as far as AKP's unity and Turkey's policy outlook are concerned.

-We now think it unlikely that tension will recede until well after the elections themselves, which means that Turkish asset prices will not benefit from the lower oil price. The risk to our 2015 USD-TRY forecasts is clearly to the upside. 

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