Monthly Archives: August 2017

EM currencies to appreciate against dollar, says Wells Fargo

By | August 28, 2017

CLICK HERE TO DOWNLOAD THE PDF Emerging markets currencies could strengthen against the dollar over time, as longer-term trend weakness may be on the horizon for the greenback, says Eric Viloria, a senior strategist at Wells Fargo. Viloria believes the dollar has probably entered a multi-year depreciating trend, as the market begins to transition away from… Read More »

From the Floor: Hurricanes Janet Mario and Harvey on the radar

By | August 25, 2017

Financial markets keenly await speeches by Fed chief Janet Yellen and ECB president Mario Draghi at the Fed’s Jackson Hole gathering later today. Meanwhile the Texas Gulf Coast is in the path of Hurricane Harvey which is already having a two-way effect on oil prices and could potentially wreak huge damage. Powered by WPeMatico

Lacklustre dollar will help EUR/USD climb – CBA

By | August 21, 2017

Supporting the euro: Europe’s very large current account surplus is a greatly under-appreciated factor CLICK HERE TO DOWNLOAD THE PDF The US dollar is showing scant signs of recovery against the euro, as weak US inflation trends continue to weigh on the greenback, according to Joseph Capurso, a currency strategist and economist at Commonwealth Bank… Read More »

Lacklustre dollar will help EUR/USD climb – CBA

By | August 21, 2017

Supporting the euro: Europe’s very large current account surplus is a greatly under-appreciated factor CLICK HERE TO DOWNLOAD THE PDF The US dollar is showing scant signs of recovery against the euro, as weak US inflation trends continue to weigh on the greenback, according to Joseph Capurso, a currency strategist and economist at Commonwealth Bank… Read More »

Malaysian central bank slams Ice and SGX over ringgit futures

By | August 18, 2017

Ringgit: Malaysia’s central bank is keen to develop the country’s onshore currency market Bank Negara Malaysia (BNM) has condemned the Singapore Exchange (SGX) and Intercontinental Exchange (Ice) for allowing offshore market participants to trade ringgit foreign exchange futures on their platforms. The central bank says making ringgit contracts available for trading outside of Malaysia is inconsistent… Read More »