Central banks’ big challenge to safeguard independence

Oct 26, 2016 07:50 am UTC| Commentary Central Banks

Central banks around the globe are faced with several challenges, such as fighting deflation, bring back demand driven growth, winding up of easy monetary policies without disrupting the financial system, and fight for its...

FX Hedging Strategy Series

FxWirePro: USD/JPY OTC tools indicates downside risks, deploy knock-ins as upswings edging higher towards 4-weeks highs

Oct 26, 2016 07:36 am UTC| Central Banks Commentary

We foresee the divergence in monetary policies of Fed and BoJ has been helping to weaken the yen to 110 to 120 against thedollar by the end of 2017. The Japanese central bank switch of focus to controlling the...

Central banks’ big challenge to safeguard independence

Oct 26, 2016 06:49 am UTC| Commentary Central Banks

Speaking ata think-tank event in Berlin, the President of the European Central Bank once again defended its monetary policy actions that saw cutting rates to record low and buying of fixed income assets at anunprecedented...

Hungarian central bank lowers overnight lending rate, ready to further ease monetary conditions

Oct 26, 2016 06:17 am UTC| Commentary Central Banks

During its Monetary Policy Committee meeting yesterday, the Hungarian central bank cut its overnight lending rate by 10 basis points and also lowered bank RRR by half. The lowering of bank RRR was a surprise move. The MNBs...

Renminbi Series

PBOC's Dep Gov seeks to calm markets, says no basis for continuous Yuan depreciation

Oct 25, 2016 15:40 pm UTC| Commentary Central Banks

In the past two weeks, the CNY has lost nearly 1.5 percent against the USD, while the offshore CNH has weakened slightly less by 1 percent. In the two weeks since the 10 October, the dollar index has gained 1.8 percent and...

FX Hedging Strategy Series

FxWirePro: Mounting expectations of RBNZ’s OCR cuts to stimulate Kiwi dollar turbulence

Oct 25, 2016 13:36 pm UTC| Central Banks Commentary

Ahead of RBNZs monetary policy meeting that is scheduled next week, the market pricing for a November OCR cut has been stable during the past two weeks at around 80% (currently 86%). Q3 CPI data was unsurprising to RBNZ...

FX Hedging Strategy Series

FxWirePro: Are you lured by yen crosses’ post-BoJ event risk premium? Why don’t you eye on exorbitant EUR/JPY gammas?

Oct 25, 2016 12:44 pm UTC| Central Banks Commentary

The BoJ governor Kuroda hinted at adelay of timing to reach 2% inflation beyond the end of his term in April 2018. With growth remaining above trend, the BoJ likely would maintain status quo at its November 1 policy...