4 December 2015 Market Reviews
ECB decision jolts FX markets
Yesterday's decision by the ECB to extend its current QE program by a piecemeal approach was welcomed by FX market participants by a kind of havoc. It sent the Euro firmly up, resulting in a rare one- ...
3 December 2015 Market Reviews
US-Eurozone divergence gets new momentum
Yesterday, the widely discussed monetary divergence between the US and Eurozone economies was boosted by two events. First, consumer inflation in the Euro area was reported at 0.1% YoY, just below exp ...
2 December 2015 Market Reviews
Stat budget law for 2016
Yesterday, the MoF published a draft of the 2016 state budget law, the delay of which has prevented the resumption of IMF lending. The budget process in Ukraine has been mired in controversy as two co ...
1 December 2015 Market Reviews
IMF adds CNY into SDR basket
Yesterday, the IMF formally upgraded the status of the Chinese currency by adding it into the SDR basket. Chinese authorities had been aggressive lobbying for this over the past several years since th ...