Monetary Authority of Singapore in wait-and-see mode

Apr 14, 2015 17:06 pm UTC| Commentary

Monetary Authority of Singapore keeps SGD NEER policy bands slope, width and centre unchanged, after easing in January.GDP growth surprised positively in Q1, and is likely to improve as the year progresses."We expect a...

US consumer spending should continue to rise in the months ahead

Apr 14, 2015 16:39 pm UTC| Commentary

Retail sales rose 0.9% (month-over-month) in March, falling slightly short of the 1.1% gain expected by the market. Februarys decline was revised up ever so slightly to -0.5% (from -0.6% reported previously)."Todays retail...

USD review

Apr 14, 2015 16:23 pm UTC| Commentary

Slightly below forecast U.S. retail sales proved a mild catalyst for the U.S. dollar to pare recent gains. Sales rose 0.9% in March, the strongest in a year that put a halt to three straight months of declines.Core...

CAD review

Apr 14, 2015 16:23 pm UTC| Commentary

A steady loonie kept toward the middle of its recent range against the greenback, with its upside capped by expectations for the Fed to boost rates but its downside limited by lower odds of a Bank of Canada rate cut in the...

AUD review

Apr 14, 2015 16:22 pm UTC| Commentary

The Aussie dollar remained below $0.7600 and thus in close proximity of $0.7530, the six-year low it hit in early April. The Aussie started the week with a drubbing after grim news on China trade cast negative ripple waves...

GBP review

Apr 14, 2015 16:22 pm UTC| Commentary

Sterling caught somewhat of a break on Tuesday after area inflation kept from falling below zero, holding flat in March for the second time in as many months. Had the key report that the Bank of England monitors closely to...

EUR review

Apr 14, 2015 16:21 pm UTC| Commentary

The euro was steady, though with its defensive tone intact. The euro overnight inched closer to its sub $1.05 level that it hit in mid-March, its weakest in a dozen years.At the heart of the euros negative backdrop remain...