How concerned is the ECB about the EUR?

Sep 03, 2015 06:46 am UTC| Commentary

Concerns about China, the falling oil price, the appreciation of the EUR. No, the current developments are unlikely to please the ECB, as they threaten to undo its efforts over the past few months of returning inflation to...

Riksbank keeping calm due to weak krona?

Sep 03, 2015 06:31 am UTC| Commentary

Riksbank too is likely to be concerned about its inflation target in view of falling oil prices. Contrary to the ECB at least exchange rate developments provide it with a reason to be pleased. Over the past few months the...

Danish central bank may hike rate to curbe kroner depreciation

Sep 03, 2015 06:21 am UTC| Commentary

In August the Danish central bank bought Danish kroner for DKK 48.1 in the currency market to counter a weakening of the krone against the euro. Historically, it appears to be a very large amount, and it is the highest...

50/50 probability of Riksbank cutting interest rates

Sep 03, 2015 06:02 am UTC| Commentary

Scandi currencies rallied on Wednesday heading into the Riksbank meeting today. Risks to EUR/SEK are skewed slightly to the upside ahead of the monetary policy decisions in Sweden and the euro zone. There is a 50/50...

U.S. non-manufacturing activity likely quickened

Sep 03, 2015 05:51 am UTC| Commentary

Available service-sector soundings in U.S. have been mixed in August. Wider reports of hiring and wage gains, combined with rosier demand expectations during the next six months, propelled our Richmond Fed...

Net exports to be positive factor for Australias Q3 growth

Sep 03, 2015 05:36 am UTC| Commentary

In July, Australias trade deficit was a still sizeable $2.5bn, narrowing some $0.6bn from a $3.1bn deficit in June. The July outcome exceeded expectations of -$3.1bn, says Westpac. Exports surprised to the upside, with...

Indian government raises FY 15-16 spending plans

Sep 03, 2015 05:35 am UTC| Commentary

Indias fiscal spending is on the rise, buoyed by strong tax revenue. Indias fiscal situation is showing signs of improved health. Given the revenue boost from indirect tax receipts (+35.3% y/y fiscal YTD), which reflect a...