EUR/USD likely to trade around 1.07 by end-2016, drift lower in 2017, says Lloyds Bank

Nov 17, 2016 11:56 am UTC| Commentary

The U.S. dollar had sold off sharply as an immediate response to Donald Trumps victory. The EUR/USD currency pair rose from about 1.10 to 1.13 in the span of four hours to reach a two-month high, noted Lloyds Bank in a...

SGD REER remains above long-term average, likely to head towards lower bound, says ANZ

Nov 17, 2016 11:50 am UTC| Commentary Economy

The SGD real effective exchange rate (REER) is still well above its long-term average. Given the state of the business cycle, the REER is very elevated and has scope to correct lower. The Monetary Authority of Singapore...

Chilean central bank to maintain wait-and-see stance in November

Nov 17, 2016 11:24 am UTC| Commentary

The Chilean central bank has adopted a wait-and-see stance in 2016 following its hawkish moves of the fourth quarter of 2015. The BCCh is expected to continue with its wait-and-see mode but downside risk has increased in...

Briferendum Aftermath Series

Briferendum Aftermath Series: S&P suggests euro clearing to stay in the UK

Nov 17, 2016 11:18 am UTC| Commentary

After the referendum on June 23rd, where a majority of the Britons chose the exit route, several European economies namely France and Germany have stepped up their efforts to lure large chunk of the clearing businesses to...

UK gilts nearly flat in subdued trade, markets await Fed Chair Yellen’s testimony

Nov 17, 2016 10:52 am UTC| Commentary

The UK gilts traded nearly flat Thursday, succumbing to thin trading activity as investors await the Federal Reserve Chair Janet Yellen testimony, in an attempt to estimate the Feds most likely policy step. The yield on...

U.K. retail sales growth highest in 14 years following higher buying during Halloween week

Nov 17, 2016 10:50 am UTC| Commentary Economy

Retail sales in the United Kingdom grew at the highest pace in 14 years, following the surge in shopping spree by Britons on the eve of Halloween. Also, a colder weather lifted sales of winter clothes and supermarket...

Euroarea’s construction output falls sequentially in September as building construction declines

Nov 17, 2016 10:43 am UTC| Commentary

In the euro area, seasonally adjusted production in construction sector dropped 0.9 percent sequentially in September 2016, according to the first estimates released by the Eurostat. In August of this year, production in...