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Growth in China Appears to Be Stabilizing

Growth in China Appears to Be Stabilizing

Jul 19, 2014

The year-over-year rate of real GDP growth in China edged up to 7.5 percent in Q2 from 7.4 percent in Q1. Modest relaxation in credit restrictions in recent months led to some stabilization in investment spending growth. We look for the rate of real GDP growth in China to...

FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro

FX Forecast Update: Negative Rates and Liquidity Tools to Weaken the Euro

Jun 14, 2014

The ECB delivered more easing than expected at its rate meeting in June by cutting both the refi and deposit rates by 10bp, the latter into negative territory, and introduced a four-year targeted LTRO (TLTRO). While it remains uncertain how much excess liquidity will be boosted by the new...

AUD/USD – 2013 In Review

AUD/USD – 2013 In Review

Jan 2, 2014

The Australian dollar is known for its strong volatility, and taking traders on roller coaster rides, and the currency certainly didn't disappoint in 2013. The Aussie started the year close to the 1.04 level and looked great in early January, climbing just short of the 1.06 line. The currency lost...

USD/CAD – 2013 In Review

USD/CAD – 2013 In Review

Jan 2, 2014

The Canadian dollar looked sharp as we began 2013, but struggled badly late in the year, as the currency lost about five cents against the US dollar in Q4. The Canadian currency began the year close to the parity level, but tumbled to three-year lows in December, as USD/CAD...

USD/JPY – 2013 In Review

USD/JPY – 2013 In Review

Dec 26, 2013

The Bank of Japan continued its radical monetary program in 2013, and the yen responded with sharp losses against the US dollar, as the slumping Japanese currency finds itself trading at five-year lows. The BOJ's monetary platform consists of increasing its monetary base and asset purchase (QE) programs. The...

GBP/USD – 2013 In Review

GBP/USD – 2013 In Review

Dec 26, 2013

The Bank of England revised its growth forecast for 2013 to 1.6%, up from 1.4% in a previous forecast. The BOE is predicting growth in 2014 of 2.8%. Inflation remains well above the central bank's target of 2%. The forecast for 2013 is a level of 2.6%. This is...