FxWirePro: Driving forces of neutral RUB stances and hedging vehicles
May 17, 2017 11:49 am UTC| Research & Analysis Insights & Views Central Banks
While rubles medium term structural drivers are supportive, a sequentially dovish shift by the central bank and uncertain oil outlook keeps us neutral. The fundamental drivers of RUB over the medium-term look attractive: a...
FxWirePro: Antipodeans seems rich against other commodity blocs in long-term fair value estimates
May 17, 2017 11:37 am UTC| Research & Analysis Insights & Views
There has been substantial movement in G10 currencies over the past month, but the ranking of currencies on this framework hasnt changed. Despite JPY and CAD underperforming in the past month and GBP and EUR...
UK's weakening wage trend adds to fears of slowdown in economic growth
May 17, 2017 11:25 am UTC| Insights & Views Economy
UK ILO labour market figures for the 3 months to March released today showed that UKs unemployment rate resumed its move lower, dipping to 4.6 percent, a new post-crisis low. Data was better than market expectations which...
May 17, 2017 11:01 am UTC| Research & Analysis Insights & Views
CAD sharply depreciated by as much as 4.8% from mid-April highs on a layering of multiple concerns that suddenly gathered around Canada. These risks include fresh concerns over the US-Canada trade relationship, the...
May 17, 2017 09:39 am UTC| Insights & Views
Crude oil prices have recovered by nearly 10% at the time of writing from the year-to-date lows seen late last week. An encouraging set of weekly US data from the EIA, as well as evidence of continued strong compliance...
May 17, 2017 08:50 am UTC| Central Banks Research & Analysis Insights & Views
The RBNZ was very dovish at the May MPS. Despite inflation recovering in 1Q to above 2%oya for the first time in six years, Governor Wheeler stuck to his neutral guidance, and the staff maintained their forecast that the...
May 17, 2017 08:31 am UTC| Research & Analysis Insights & Views
NZD underperformed, despite a modest upside surprise from the GDT dairy auction, slipping from 0.6902 to 0.6863 against USD, and partly retracing to 0.6894. AUD/NZD rose from 1.0746 to 1.0800. The RBNZ has signaled the...
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