New Zealand's terms of trade rose by 1.3% in June

Sep 01, 2015 00:20 am UTC| Commentary

New Zealands terms of trade rose by 1.3% in the June quarter, following a downwardly revised 1.2% rise in the March quarter. The result was in line with the forecast of a 1.1% increase. This result may seem odd given...

Some relief for Sweden's Riksbank but easing not over yet

Aug 31, 2015 23:48 pm UTC| Commentary

The Riksbank cut the repo rate by 10 bps at their July meeting, moving deeper into negative territory to -0.35% and expanding the bond purchase program as well by SEK 45bn. The rate path included the possibility of a...

Aussie resilience unlikely to last

Aug 31, 2015 23:24 pm UTC| Commentary

AUD has displayed remarkable resilience to the RMB depreciation given its significant export exposure to China. Positioning at least partly explains this, as well as the RBA moving to a more neutral stance on the policy...

Rising pressure on a reluctant RBA to ease further

Aug 31, 2015 22:58 pm UTC| Commentary Central Banks

The market has increased pricing of the risk of further easing due to the transmission of weaker regional growth. The AUD may need further depreciation on a TWI basis considering the current pressure on the terms of trade....

Growth outlook continues to worsen in Canada

Aug 31, 2015 22:31 pm UTC| Commentary

The growth outlook for Canada has continued to worsen. Most importantly, growth data in China has weakened that, coupled with CNY devaluation and insufficiently proactive PBOC, led to a further selloff in commodities,...

Global drivers dominate domestic factors

Aug 31, 2015 22:21 pm UTC| Commentary

The pounds performance in August can best be described as multifaceted: strength versus the $bloc and commodity FX and under-performance versus the funding and European currencies. Such disparity in performance inevitably...

South Korea's headline inflation expected to rise a bit despite renewed decline in oil prices

Aug 31, 2015 21:50 pm UTC| Commentary

South Koreas headline inflation is likely to have rebounded gradually on a year-on-year basis, though it would remain far below the BoKs target range of 2.5~3.5%. Month-on-month headline inflation would be steady at 0.2%....