Forex Forecast
UBS Morning Adviser
Headline CPI of +2.7% YoY shows inflation still elevated after MAS cut forecast Singapore May headline CPI released today showed ongoing upward pressure in all major areas except for clothing and communication,
Where are we?
A light period for new data is an appropriate time to take stock of where the economy is at. Short answer is that the pace appears to be coming out of the interest rate sensitive consumer.
Weekly Commentary
Last week was the climax of the New Zealand quarterlydata calendar, with March quarter GDP and current accountdata released.
UBS Morning Adviser
Central banks target long-term economic potential The Federal Reserve and Norges Bank both surprised market expectations this week to the dovish side.
UBS Morning Adviser
Prevailing Wisdom Unchallenged If their voting record is anything to go by, the three new faces on the FOMC failed to rock the boat overnight.
UBS Morning Adviser
Negative rates or a change to the EURCHF floor would be too drastic We have long held the view that the Swiss National Bank (SNB)
UBS Morning Adviser
Revise GBP forecasts higher; forecast EURGBP at 0.78 in 1m, 3m and year-end In the wake of BoE Governor Carney’s Mansion House speech last week,
UBS Morning Adviser
RBA talking down the currency has limited longer term implications Tuesday’s release of minutes of the Reserve Bank of Australia (RBA)
UBS Morning Adviser
ECB has no FX target but prior policy drivers are having less of an effect The ECB will be the first to remind FX markets that irrespective of how they view the exchange rate’s impact on
UBS Morning Adviser
BoK holds as widely expected, outlook and statement largely carried over As unanimously predicted by forecasters, the Bank of Korea (BoK) held policy rates at 2.50%.
UBS Morning Adviser
Careful calibration needed for RBNZ as NZD weakens for the wrong reasons Witnessing a currency declining from self-professed ‘overvalued’ levels is normally welcomed by any central bank.