Blogs

EUR/USD strikes: – 1.0870 for 727m euro amount – 1.0955 for 1bn euro amount  See here for global coronavirus case data

ECB releases the results of its latest survey of professional forecasters See here for global coronavirus case data The long-term inflation expectations remain anchored at +1.7%, though I would think that is slightly more optimistic given that it will take a considerable amount of time for the virus saga to pass us by and for […]

Comments by ECB vice president, Luis de Guindos – Current level of uncertainty is high See here for global coronavirus case data The ECB relaxed TLTRO conditions and introduced PELTROs in its latest monetary policy decision last week, adding to the host of measures that they have undertaken over the past two months in order […]

Reserve Bank of New Zealand  will make cash available to banks through a Term Lending Facility  – from May 26 – rate 0.25%, fixed for 3 years – TLF to be available for 6 months AUD and NZD had bounced from their lows, this is giving them both a further wee lift. 

Nothing from the People's Bank of China today See here for global coronavirus case data

GS says an increase in Reserve Bank of New Zealand QE is more likely than negative rates. However, while GS do not expect negative rates from the RBNZ in a near term time frame these could be attractive to the Bank from the perspective of managing the currency (ie negative rates as a bearish input […]

<p>Eurozone Sentix Investor confidence improved slightly from -42.9 to -41.8 in May. But Current Situation Index tumbled further form -66.0 to -73.0, hitting a record low. That’s also the fourth decline in a row. Expectations index, on the other hand, improved from -15.8 to -3.0. Sentix said the Eurozone economy has experienced a “

<p>Eurozone PMI Manufacturing was finalized at 33.4 in April, down from March’s 44.5. Markit said that coronavirus related measures impacted heavily on demand and production. Also, confidence sank to record low and job losses mount. Readings for all major member states are deep in contractionary region. Greece, Italy, France, Austria hi

<p>S&P Global affirmed New Zealand’s “AA/A-1+” foreign currency and “AA+/A-1+” local currency sovereign credit ratings. A positive outlook is also retrained for the near future. The rating agency said the country’s “monetary policy flexibility, wealthy economy, and solid institutions” are e

<p>Hong Kong stocks gapped sharply lower today and stays pressured, after US President Donald Trump stepped up his criticism on China’s handling of the coronavirus outbreak. He said the government was putting together a report that will be “very conclusive”. “My opinion is they made a mistake. They tried to cover it, t