Mar 23, 2015 15:46 pm UTC| Commentary
A sense the Fed would raise its key interest rate later rather than sooner worked in the yens favor, which moved below 120 against the greenback. The yield on the U.S. 10-year note has swung from comfortably above 2...
Mar 23, 2015 15:46 pm UTC| Commentary
The euro was off to a choppy start to the week, though it followed up its best week against the greenback in years with another gain. Although the euro benefited from a shift on the U.S. side of the equation, worries about...
Existing home sales start to show early signs of a Spring thaw
Mar 23, 2015 15:35 pm UTC| Commentary
U.S. existing home sales rose by 1.2% to 4.88 million units in February. The number came in just shy of expectations, which called for a slightly stronger increase to 4.90 million.The median price of homes accelerated to...
Norway inflation likely to fall short of Norges Bank’s forecast
Mar 23, 2015 15:27 pm UTC| Commentary
Norges Bank foecasts end 2016 core inflation, CPI ATE, will be at 2.2%. The NOK weakening through last fall is now starting to feed into inflation figures, but in 2016 this effect will disappear.Domestic inflation will...
More rate cuts from Norges Bank in the pipeline
Mar 23, 2015 14:40 pm UTC| Commentary
Norges Bank kept rates on hold at 1,25% at the March meeting, but signalled that rates will be cut by 25bp before the summer given no big surprises.Nordea Research notes ..... Currently we think Norges Bank will leave...
Slower inflation likely in Japan, moderate retail sales increase in February
Mar 23, 2015 08:39 am UTC| Commentary
Japan will release February inflation, retail sales and jobs data on 27 March.Standard Chartered notes... We expect core inflation (excluding fresh food) to have slowed to 2.1% y/y from 2.2% in January. Excluding the...
Central Bank Strategy: Standard Chartered
Mar 23, 2015 08:36 am UTC| Commentary
From a G4 rates perspective, we believe that central banks should be rebuilding their USD exposuredue to the significant pick-up offered by US rates, as well as the strong USD. Meanwhile, with around 10% of 2Y-10Y fixed...
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