EUR/DKK likely to trade at 7.4550 over coming months

Nov 04, 2015 04:07 am UTC| Commentary

FX intervention was carried out by Danmarks Nationalbank to cap EUR/DKK upside, in the first half of October EUR/DKK traded above the central rate of 7.46038. DN has also published Octobers FX reserve and central bank...

Denmarks Nationalbank likely to stay on hold

Nov 04, 2015 04:04 am UTC| Commentary Central Banks

In October, Denmarks FX reserves declined to DKK492bn, from DKK514bn in September. DKK10bn of the decline was due to DN purchasing DKK in FX intervention. The remainder was due to repayment of government foreign debt....

Subdued New Zealand's wage growth

Nov 04, 2015 03:51 am UTC| Commentary

Leaving the broader QES measure 2.9% higher over the past year, measure of New Zealands wages rose 0.9% over the quarter. The wage inflation hasnt shown any material acceleration since the economy exited recession in 2011,...

US real consumption growth likely to be 3.0% in Q4

Nov 04, 2015 03:26 am UTC| Commentary

US auto sector has continued to outperform expectations over the past few quarters as consumer spending on durable goods has grown at a robust pace. The auto sales edged up 1.4% m/m to 7.76mn (saar) and light truck sales...

Fitch: Profit Growth Expected to Slow for Australia's Major Banks

Nov 04, 2015 02:34 am UTC| Commentary

Fitch Ratings says Australias Major banks profitability is likely to remain solid over the next 12 months, however actual profit growth is expected to slow. We believe that slowing credit growth and a turn in the credit...

Singapore PMIs (October) remained in the red

Nov 04, 2015 02:26 am UTC| Commentary

PMIs (October) remained in the red. Though both overall manufacturing and electronics PMIs registered some improvements, both indexes are still in the contraction mode (below 50). Overall manufacturing register 48.9, up...

South Korea's inflation outlook still benign

Nov 04, 2015 02:04 am UTC| Commentary

South Koreas inflation numbers seemed to have bottomed out. Headline CPI registered 0.9% (YoY) in Oct15, a modest rise compared to 0.7% on average in 3Q15 and the highest rate seen since Nov14. Core CPI also picked up to...