Market attention remains on China and the Fed
Aug 21, 2015 07:28 am UTC| Commentary Central Banks
Moving on from Greece, market attention remains on China and the Fed. Following Chinas currency devaluation last week, the Chinese stock market remained very volatile this week, facilitating the downward pressure on global...
Aug 21, 2015 07:24 am UTC| Commentary
The EUR has been well supported of late, regardless of the latest developments pointing towards a rising probability of the ECB turning more aggressive on monetary policy, at least verbally. Both weakening commodity price...
South African Rand near the abyss
Aug 21, 2015 07:20 am UTC| Commentary
The rand is near the abyss. It has been under pressure for weeks, USD-ZAR already tested the threshold at 13.00. Like numerous other emerging markets currencies, the rand is suffering from the commodities price slide and...
China onshore liquidity tightens due to PBoC’s intervention
Aug 21, 2015 07:17 am UTC| Commentary Central Banks
PBoC set USD-CNY fixing rate at 6.3864 this morning, compared with yesterdays closing rate at 6.3891. In general, CNY remained quite stable this week, which suggests that Chinas central bank could have sold USD to...
Inflation data in Canada unlikely to bring impulses
Aug 21, 2015 07:16 am UTC| Commentary
Canadas July inflation data is due today. In most other G10 countries, this release would be a highlight. The Bank of Canada, however, has other problems: oil prices are falling again. It seems that it underestimated the...
Fragile EM currencies to watch
Aug 21, 2015 07:14 am UTC| Commentary
EM vulnerabilities are likely to become a point of interest for markets once again. The divergence of monetary policy between the US and EMs is accentuated by potential spillovers from a slower China, competitiveness...
CNY devaluation to effect European currencies against USD
Aug 21, 2015 07:09 am UTC| Commentary
Despite lower direct economic linkages, the change in Chinas exchange rate and growth risks are expected to also weaken European currencies versus the USD. A combination of slower global growth, lower energy and...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects