PBoC interventions reduces CNH liquidity
Sep 30, 2015 07:10 am UTC| Commentary
The strong selling USD flows from Chinese banks in CNH market sent USD/CNH to as low as 6.3330 yesterday afternoon. USD/CNH is traded 180 pips lower than USD/CNY and CNY/CNH spread inverted for the second straight...
Will Fed provide further clues?
Sep 30, 2015 07:06 am UTC| Commentary
In the US attention will today focus less on the two PMIs from Milwaukee and Chicago and more on the speeches by FOMC members. Things will be kicked off as early as 8:30 am local time by William Dudley in New York.In the...
Is Japan under risk of recession?
Sep 30, 2015 06:59 am UTC| Commentary
Once again industrial production in Japan disappointed in August. Production fell by 0.5% mom. Analysts had expected a rise of 1%. Similarly, last night, the countrys retail sales remained below expectations .However, weak...
South African exports improved, not a good news really..
Sep 30, 2015 06:58 am UTC| Commentary
South African current account deficit has fallen notably recently. Trade balances have the potential to create some interest. That is certainly the case in South Africa today. This has to be seen against the background of...
Risk of euro area's inflation data disappointing
Sep 30, 2015 06:52 am UTC| Commentary
Most recently there had been increasing debates about a possible extension of the ECBs QE programme. Todays data would be quite suitable for fuelling a debate of this nature, as the rate of inflation is likely to have...
Turkey central bank’s free FX reserves likely dwindling
Sep 30, 2015 06:51 am UTC| Commentary
Turkeys lira recovered marginally yesterday as EM FX enjoyed a pause from selling pressure, although the currency underperformed key peers such as ZAR on the day. The CBTs latest projections depict a slowing economy during...
Sep 30, 2015 06:47 am UTC| Commentary
The IMF released its Global Financial Stability Report yesterday, in which it confirmed what was suspected from long. Emerging market corporates since 2008 massively increased their leverage at better terms (lower rates...
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Labour can afford to be far more ambitious with its economic policies – voters are on board
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