Currency War Series

Currency War Series

Barring a negative economic shock, the Fed seems ready for its first hike since 2006 in December

Dec 04, 2015 00:37 am UTC| Commentary

US nonfarm payrolls increased by 271k in October, the largest rise since December 2014, with cumulative upward revisions for August and September of 12k. Civilian household employment gained 320k, while the civilian labor...

Currency War Series

Why interest rates are taking divergent paths in Europe and the US

Dec 03, 2015 12:10 pm UTC| Insights & Views Central Banks

The prospect that the central banks of the US and the eurozone will soon make opposing moves on policy rates has allowed financial markets once again to demonstrate their neuroses. Some market participants are expecting...

Currency War Series

BoC should take the RBA’s "chill out" approach?

Dec 03, 2015 09:16 am UTC| Commentary Central Banks

Bank of Canada is likely in a position to sit back over Christmas, and follow RBA Stevens chill out notion. As it mentioned in its rate meeting, interest rate front doesnt need action, exports to US are better, there is no...

Currency War Series

Riksbank seems relaxed even if SEK appreciates moderately after ECB's rate decision

Dec 03, 2015 09:05 am UTC| Commentary Central Banks

Riksbanks Executive Board sound much more relaxed about a moderate appreciation of the krona, believing that ECB would take further accomodative action, thus signalling to the market that EUR-SEK might well move notably...

Currency War Series

ECB likely to expand asset purchases beyond September 2016

Dec 03, 2015 08:34 am UTC| Commentary Central Banks

Headline inflation gave a downward surprise and stayed at 0.1% y/y in November. The inflation rate for services in euro area fell to 1.1% inNovember in compare to 1.3% in previous month. Similarly, core inflation declined...

Currency War Series

Brazil Copom minutes to throw light on divided rate decision

Dec 03, 2015 07:36 am UTC| Commentary Central Banks

Brazil Central Banks decision to leave the SELIC rate stable at 14.25% in recent Copom meeting was as predicted. This decision was not unanimous however, with six members voted for it and two voted against it and were in...

Currency War Series

Danish central bank unlikely to track ECB’s rate cut

Dec 03, 2015 07:24 am UTC| Commentary Central Banks

In last month, the Danish central bank intervened in the FX market by purchasing total amount of DKK 230bn, and thereby reduced its currency reserve to DKK 484bn at present. The governing council of the ECB scheduled to...