7 Sep 2015
FX: What to watch for this week - RBS
FXStreet (Bali) - Paul Robson, Senior Trading Desk FX Strategist at RBS, takes a look at what to watch for the upcoming week.
Key Quotes
"The reopening of Chinese markets on Monday and implications for global financial conditions, commodity markets and changes in FX reserves (China reserves on Sept 7th) will be key."
"Watch world trade trends and Asia exports in particular. Watch for signs that the BoJ QE program is reaching its limits; and for the impact of EM FX intervention on non-USD G10 currencies as central banks potentially seek to accumulate USDs and sell down their holding of “other” reserve currencies."
"Watch BoE minutes for evidence that central MPC opinion has shifted back to neutral and watch RBNZ and BoC policy meetings this week, along with Swedish CPI and inflation expectations."
Key Quotes
"The reopening of Chinese markets on Monday and implications for global financial conditions, commodity markets and changes in FX reserves (China reserves on Sept 7th) will be key."
"Watch world trade trends and Asia exports in particular. Watch for signs that the BoJ QE program is reaching its limits; and for the impact of EM FX intervention on non-USD G10 currencies as central banks potentially seek to accumulate USDs and sell down their holding of “other” reserve currencies."
"Watch BoE minutes for evidence that central MPC opinion has shifted back to neutral and watch RBNZ and BoC policy meetings this week, along with Swedish CPI and inflation expectations."