USD/CAD likely to fall by end-2018 to 1.25, says Lloyds Bank

Jun 26, 2017 23:08 pm UTC| Commentary

The Canadian dollar continues to show a high degree of volatility. Through April and early May, it depreciated against the U.S. dollar to 1.38, mainly driven by the rising worries about Canadas trading relationship with...

U.S. Fed likely to hike again in September, but risk of delay increased – Lloyds Bank

Jun 26, 2017 22:54 pm UTC| Commentary

The Federal Reserve Open Market Committee hiked its interest rates for the second time in 2017 during its June meeting to 1-1.25 percent, and hinted its plan to continue with tightening policy. The dot plot indicated a...

USD/ZAR likely to trade around 13.25 by end-2017, says Lloyds Bank

Jun 26, 2017 22:52 pm UTC| Commentary

The USD/ZAR pair has continued its downward trend, but has failed to test the March low of 12.31, noted Lloyds Bank in a research report. Slightly surprising has been the relative resilience of the South African rand to...

South Korea’s consumer confidence index rises in June

Jun 26, 2017 22:40 pm UTC| Commentary

The South Korea consumer confidence index rises in June from the prior month. The Composite Consumer Sentiment Index rose by 3.1 points to 111.1 in June from Mays 108, showed Bank of Korea. Consumer confidence about...

EUR/CHF likely to drift higher gradually, to trade around 1.11 by end-2017

Jun 26, 2017 22:30 pm UTC| Commentary

The victory of Emmanuel Macron in Frances presidential election and his partys success in French legislative elections have resulted in considerable waning in European-focused event risk. Consequently, the associated...

Private consumption likely to drive Polish economic growth, NBP expected to stay on hold in 2017

Jun 26, 2017 21:57 pm UTC| Commentary

Polands economic growth slowed a bit because the absorption of EU Structural Funds is not optimal, and investment is decelerating as a result. Therefore, the economy is expected to be driven by private consumption, owing...

U.S. economy likely to expand around 2.2 pct in 2017, inflation to average 2.2 pct – Lloyds Bank

Jun 26, 2017 21:34 pm UTC| Commentary

The upswing in the U.S. economy has been in place since mid-2009 and the jobless rate has dropped to a new post-crisis low of 4.3 percent. Annualized growth in the first quarter was weak at 1.2 percent, upwardly revised...