Bank Indonesia likely to cut and signal a long pause
Mar 13, 2015 03:20 am UTC| Commentary
Bank Indonesia (BI) will hold its policy meeting on Tuesday, 17 March. Standard Chartered research notes: We expect it to cut the BI rate and the BI overnight deposit facility (FASBI) rate 25bps each to 7.25% and 5.25%,...
USD strength remains the main driver of flows
Mar 13, 2015 03:17 am UTC| Commentary
Doubts about the competitiveness of US business in light of sustained USD strength led to the sell-off in US equities, prompting investors to pull funds out of both US equities and US HY funds. On the other hand, the...
Mar 12, 2015 18:48 pm UTC| Commentary
Already off to a subdued start to the session, the dollar lost more ground after disappointing news on the all-important U.S. consumer. Retail sales unexpectedly sank 0.6% in February versus forecasts of a 0.3% gain. Core...
Mar 12, 2015 18:47 pm UTC| Commentary
A weaker U.S. currency and firmer oil prices helped pull the loonie away from its lowest level in nearly six years. Canadas economy got mixed news on the eve of a crucial employment report. Canadian companies ran at a...
AUD, NZD review: Western Union
Mar 12, 2015 18:46 pm UTC| Commentary
The Aussie and kiwi stabilized thanks to an Australian jobs report that just eclipsed expectations and a central bank decision from New Zealand that struck some as less dovish. Australia added 15,600 jobs in February,...
Mar 12, 2015 18:45 pm UTC| Commentary
The yen put some distance between its eight-year lows in the 122 against the greenback as U.S. Treasury yields edged lower which gave the Japanese investor less reason to venture away from home and seek better returns...
Mar 12, 2015 18:45 pm UTC| Commentary
The smallest U.K. trade deficit in nearly a year helped sterling rebound from 20-month lows under $1.50 against the greenback. The pound was the latest currency this week to plunge to fresh lows against its rapidly...