FxWirePro: SGD FX and Rates Trades on Singapore Q2 GDP Prints and MAS Easing Risks
Aug 13, 2019 14:53 pm UTC| Research & Analysis Central Banks
Singapores final Q2GDP report released this morning was unchanged from the advance report of just 0.1% yoy. The contraction in the manufacturing sector was revised -3.1% yoy vs -3.8% previously but this was offset by...

FxWirePro: Post-FOMC and Trade-Tensions’ Effects on FX Vols
Aug 09, 2019 12:41 pm UTC| Research & Analysis Central Banks
The latest tariff threat from Trump emphatically reinforces the perspective of dollars bullishness; the crucial difference for FX volatility is the potential for greater velocity and urgency to dollar rallies than might...
Aug 08, 2019 16:14 pm UTC| Commentary Central Banks
The Philippine central bank, BSP, lowered its Overnight Repurchase Rate by 25 basis points to 4.25 percent today, as was widely anticipated. The BSP cited that prospects for global economic activity are likely to remain...

FxWirePro: A Run Through on LatAm FX-bloc
Aug 08, 2019 14:02 pm UTC| Research & Analysis Central Banks
We also stay long BRL and short MXN, both of which have shown more resilience to external conditions. Reform optimism continues to support BRL, and Brazil- watchers (as well as FinMin Guedes) have shifted their focus to...
FxWirePro: Fed’s latest rhetoric and its impact on FX derivatives market
Aug 08, 2019 11:46 am UTC| Research & Analysis Central Banks
Both shocks this week an insufficiently dovish Powell and the re-escalation of tariffs reinforce a defensive stance of favoring safe currencies and the dollar against high-beta FX. A sudden tariff escalation suggests...

Aug 08, 2019 08:22 am UTC| Research & Analysis Central Banks
The RBNZ has cut OCR rates by 50 bps in its monetary policy to keep OCR at 1.00% which was more than the consensus, markets expected only 25bps. The Kiwis central bank has demonstrated its willingness to take bold...
RBI cuts policy repo rate by 35 bps to 5.40 pct, likely to cut further by 50 bps
Aug 07, 2019 11:37 am UTC| Commentary Central Banks
The Reserve Bank of India cut its policy repo rate by 35 basis points to 5.40 percent today, maintaining the accommodative stance. The MPCs vote was unanimous. However, it was split 4-2 in favour of a 35 basis points cut...