RBA minutes signal 'on Hold' stance as lower AUD assists transition

Aug 18, 2015 03:34 am UTC| Commentary Central Banks

For the first time in almost two years the Reserve Bank of Australia (RBA) signalled that the Australian dollar wasnt overvalued in its monthly monetary policy statement, sending a clear signal to markets that further...

Gold defying renewed increase in Fed rate hike expectations

Aug 18, 2015 03:28 am UTC| Commentary

Gold is continuing to trade close to a three-week high of just shy of $1,120 per troy ounce as the new week gets underway. In euro terms, gold is holding its own at above 1,000 per troy ounce. In other words, gold is...

Oil prices falls for 7th week in a row

Aug 18, 2015 03:26 am UTC| Commentary

Oil prices are starting the new week of trading with further losses after ending last week down for the seventh consecutive week, the longest losing streak since the beginning of the year. Brent has dipped below $49 per...

Recent PHP weakness should help boosting private consumption

Aug 18, 2015 03:24 am UTC| Commentary

Philippines remittances increased by 6.1% in June, and averaged 5.7% growth in Q2. The pace of improvement remains satisfactory, although for 1H 2015 remittances growth of 5.6% y/y was slightly lower than the 6.9% in 1H...

Poland's Q2 GDP data were weaker than expected

Aug 18, 2015 00:46 am UTC| Commentary

Polands Q2 GDP data were weaker than expected, but core inflation accelerated to 0.4% y/y as expected. Following the GDP data, the zloty sold off hard in anticipation that NBP may soon signal renewed rate cuts - PLN-HUF...

RBA to release its August meeting Minutes today

Aug 18, 2015 00:20 am UTC| Commentary Central Banks

The Reserve Bank of Australia (RBA) will release the minutes of its August meeting during the night. However, we should not read too much into these statements. For Australia, economic developments in China, its largest...

Taiwan's current account surplus is sizeable and likely to remain so

Aug 17, 2015 23:44 pm UTC| Commentary Economy

Taiwans current account surplus rose strongly to 16.8% of GDP in Q1 2015 from 14% in Q4 2014. Surges in the trade surplus alone contributed around 3pp to the increase, thanks to sharply reduced commodity import prices. The...