เงินตราเอเชีย

The first quarter of 2025 proved to be quite disappointing in several CEE countries. We thus revise our 2025 GDP forecasts accordingly. The biggest revision of growth took place in Hungary, where we slashed our expectations for economic growth to 0.8% this year. GDP in Romania, Slovakia, Serbia and

Citing people with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the central bank is “said to consider smaller reductions to its bond buying.” Additional takeaways BoJ debate centers on quarterly cuts of JPY200 billion to JPY400 billion. BoJ's new bond-buying plan would last

US jobs data fell short of expectations, with May's ADP report showing just 37,000 new jobs. The services sector also contracted, adding to concerns about economic weakness. US Treasury yields dropped as markets priced in a possible Fed rate cut by September. Political pressure and growing fiscal de

The Bank of Canada announced its latest interest rate decision, leaving its benchmark rate at 2.75%.The European Central Bank prepares for its rate decision on Thursday, where interest rates are expected to decrease by 0.25%, reducing the benchmark rate to 2%.EUR/CAD trades flat below the 20-day Sim

On the radarManufacturing PMI indices dropped in Czechia, Hungary and Poland in May. In Romania, the index increased marginally.1Q25 GDP growth at 3.2% y/y in Poland was driven by domestic demand.In Serbia 1Q25 GDP was confirmed at 2.0% y/y.Romania will publish unemployment rate and producer prices

Poland’s CPI inflation moderated to 4.1% year-on-year in May, below consensus of 4.3%. Granted, it's still above the National Bank of Poland's target of around 2.5%, but the outlook is improving. Headline inflation could be much closer to the target by July, giving the MPC no other option but to con

The press statement following Wednesday's OPEC+ meeting was extremely short. In the end, all previous decisions were confirmed, including production quotas until December 2026 and the mandate for the Joint Ministerial Monitoring Committee (JMMC), Commerzbank's commodity analyst Barbara Lambrecht not

Donald Trump’s tariff knock back by the US Court of International Trade, is the main news that traders are digesting this morning. It throws into disarray several trade deals that have already been agreed, and those that are still in the negotiation phase. The ruling accuses President Trump of overr

Markets US investors were in a good mood as they returned from the long Memorial Day weekend. US Treasury Secretary Bessent floated the prospect of some big (Asian) trade deals in coming weeks, while the original July 9 deadline is back in play for US‐EU negotiations. An unexpectedly strong surge in

Currencies and metals rallied late last week.Who's buying Treasuries? We know who! Good day... And a Tom Terrific Tuesday to you! Well, my beloved Cardinals swept the Diamondbacks and headed to Baltimore to take on the old St. Louis Brown, I mean, the Orioles, to which they lost yesterday... The Car

General Outlook The week ending May 23, 2025, witnessed notable movements across major financial instruments. The euro strengthened against the US dollar, gold prices surged, and bitcoin experienced a significant pullback after reaching a new high. These developments set the stage for potential corr

EUR/USD broke above the 1.1300 handle on Wednesday.Markets soured on the US Dollar after Treasury yields rose and bond demand fell.PMI double-header on the cards for Thursday as business survey results land on both sides of the Pacific. EUR/USD caught a bid on Wednesday, breaking through the 1.1300