Oil prices kept close link to EUR

Jul 01, 2015 07:21 am UTC| Commentary

Global crude oil prices and the DXY have tracked each other during the last 12 months, as the strong dollar exacerbated the downward move in oil prices. Brent oil prices measured in a DXY basket have only declined 30%...

Taiwan CBC unlikely to hike rates

Jul 01, 2015 07:15 am UTC| Commentary

Taiwans rate normalization will probably lag the Federal Reserves move if the domestic inflation outlook remains modest. As the CBC sees 2015 inflation at 0.1% yoy, lower than average inflation in the past five years, the...

Fed's FOMC indicates rate hike

Jul 01, 2015 07:13 am UTC| Commentary

FOMC Vice Chair Stanley Fisher states economic line of thought an economic recovery will automatically be followed by a rise in inflation. Based on the Fishers statement the implication of rate hike in US is clear, says...

Singapore maintaining weak appreciation policy

Jul 01, 2015 07:06 am UTC| Commentary

The Monetary Authority of Singapore is likely to maintain its current weak S$NEER appreciation policy at its next scheduled meeting in October.Inflationary pressures are largely absent, but the MAS remains concerned about...

Philippines' REER close to its all-time highs

Jul 01, 2015 06:58 am UTC| Commentary

According to the medium-term FX Compass valuation model, PHP appears to be one of Asias most undervalued currencies at -27% against the USD, in order to be consistent with its sustainable current account position. However,...

Greece is alone

Jul 01, 2015 06:57 am UTC| Commentary

Greece is in arrears is of a different nature. Under these circumstances the country cannot expect any further support from the IMF. As the EFSF programme also came to an end yesterday and since the ECB froze the ELA on...

China PMIs point to tepid recovery in H2

Jul 01, 2015 06:54 am UTC| Commentary

Junes official PMI released this morning was unchanged from May at 50.2. HSBC/Markit PMI which is more skewed towards smaller enterprises, stayed below the 50-mark for the fourth straight month at 49.4 from 49.2 in...