Roberto Jacobs / Blog
PBOC Warns About Rising Corporate Debt People's Bank of China (PBOC) Governor Zhou Xiaochuan fired a warning shot regarding the elephant in the room – corporate debt. "Lending as a share of GDP, especially corporate lending as a share of GDP, is too high," PBOC leader said...
German Yield Curve After the ECB – Goldman Sachs Huw Pill, Research Analyst at Goldman Sachs, suggests that the flattening of the German yield curve following the ECB’s announcement of additional asset purchases was modest...
AUD/USD Off Lows, but Stays Below 0.76 AUD/USD recovered from session lows, but remains on a back foot below 0.76 handle after China’s central bank fired a warning shot about corporate debt levels. USD remains under pressure Losses were capped at 0...
NZ Dollar Drops Against Majors The New Zealand dollar weakened against the other major currencies in the Asian session on Monday. The NZ dollar fell to 5-day lows of 1.6702 against the euro and 75.13 against the yen, from last week's closing quotes of 1.6567 and 75.71, respectively. Against the U...
Australian Dollar Falls Most Majors The Australian dollar weakened against most major currencies in the Asian session on Monday. The Australian dollar fell to a 6-day low of 84.22 against the yen, from Friday's closing value of 84.74. Against the euro and the U.S...
Russia: CBR Maintains its Cautious Stance – TDS Paul Fage, Senior Emerging Markets Strategist at TDS, notes that at its recent board meeting the CBR kept its Key Rate on hold at 11.0%. Key Quotes “This was in line with our and the consensus expectation...
NZD: Settled into a Trading Range - BNZ Jason Wong, Currency Strategist at BNZ, notes that after a sharp fall earlier in the year, the NZD has settled into a trading range...
New Zealand Net Migration Continues To Rise In February New Zealand's net migration increased further in February, driven by more arrivals from Australia, figures from Statistics New Zealand showed Monday. In the year to February 29, the country recorded a net migration of 67,400...
Yen Rises Against Majors The Japanese yen strengthened against the other major currencies in the Asian session on Monday. The yen rose to 125.43 against the euro and 160.65 against the pound, from last week's closing quotes of 125.65 and 161.47, respectively. Against the U.S...