Commodities Weekly Weaker dollar supports commodity prices With a few exceptions, commodity prices have trended higher over the past week. A weaker dollar on the back of the July FOMC minutes showing that Fed officials were divided over the timing of the next... 19th August 2016 · 1 min read
China Economics Update Capital Flows Monitor (Jul.) Capital flows out of China accelerated in July to their fastest since February, according to our latest detailed estimates. The People’s Bank responded with heavier intervention so that, despite... 18th August 2016 · 1 min read
Global Markets Update Are Treasuries vulnerable to waning demand from overseas? A sharp increase in the cost of hedging has diminished the appeal of Treasuries to many foreign investors, especially those whose funds are denominated in yen and euros. This is potentially... 16th August 2016 · 1 min read
Japan Economics Weekly Stronger yen to drag on exports The sharp weakening of the yen in the early stages of Abenomics helped to shield Japanese exporters from the slowdown in global demand. However, the renewed strengthening of the exchange rate since... 12th August 2016 · 1 min read
Asia Economics Weekly Will further rate cuts make a difference in Indonesia? Given the current backdrop of weak growth, low inflation and a stable currency, Bank Indonesia is likely to cut its new policy rate, the seven-day reverse repo rate, at its upcoming meeting. But more... 12th August 2016 · 1 min read
Latin America Economics Update Why Brazil’s real could hold on to its recent gains Given the extent of its rally over the past couple of months it’s difficult to make the case that the Brazilian real will now strengthen much further from here. But by the same token, we think there... 11th August 2016 · 1 min read
EM Markets Chart Pack Dollar bond yields hit 2014 lows Yields on emerging market (EM) dollar-denominated government and corporate bonds have fallen even further in the past month as ultra-low returns in developed markets have boosted demand for riskier... 11th August 2016 · 1 min read
India Economics Update No need to panic over maturing FX swaps There still appears to be some confusion over the potential market impact when the RBI’s FX swap facilities mature next month. The RBI has already confirmed that the maturing swaps have been covered... 10th August 2016 · 1 min read
Japan Chart Pack Growth not strong enough to boost price pressures Weak survey evidence notwithstanding, the economy likely continued to recover in the second quarter, while the labour market has rarely been tighter. However, wage growth remains anaemic and the past... 8th August 2016 · 1 min read
Australia & New Zealand Economics Weekly Australian dollar punishing the RBA The Reserve Bank of Australia hasn’t done itself any favours by providing no real hints that interest rates will fall below 1.5%, as the resulting strengthening in the dollar will make it even harder... 5th August 2016 · 1 min read
Precious Metals Update Weaker currencies continue to sustain supply The prices of precious metals in US dollar terms are back to the level seen at the beginning of 2010, with the exception of platinum, which has fallen sharply during the period. However, production... 4th August 2016 · 1 min read
China Economics Update Currency policy still lacks clarity one year on from RMB panic The global market panic following the step down in the renminbi fixing rate a year ago turned out to be overdone. The currency has since weakened further, but the large scale competitive devaluation... 3rd August 2016 · 1 min read
DM Markets Chart Pack Will US equities shrug off a rebound in the dollar? The US stock market shrugged off some renewed appreciation of the dollarafter the UK’s vote for Brexit – indeed, the S&P 500 rose to a record high inJuly. However, we expect further strength in the US... 2nd August 2016 · 1 min read
Global Economics Update Global growth held up well in Q2 National accounts data released in recent weeks suggest that global growth edged up in Q2. Butprospects for the rest of the year are mixed. The euro-zone economy will probably slow further and theUK... 1st August 2016 · 1 min read
Commodities Weekly US dollar weakness supports prices Commodity prices generally drifted lower over the past week, although some support came later from a weaker US dollar. Indeed, the markets shrugged off disappointing US Q2 GDP data on Friday, given... 29th July 2016 · 1 min read
Africa Chart Pack Nigeria: Central Bank puts its money where its mouth is Nigeria’s self-proclaimed move to a more “flexible” exchange rate last month was initially a disappointment, with the Central Bank of Nigeria reasserting its grip at N282/US$. Over the last week... 29th July 2016 · 1 min read
