By mid-summer Bund yields could drop to 3.0 percent.
Can interest rates shore up the euro? Not so far,
Europe has had an image problem. It has seemed unable to change and adapt to the world.
It really requires joint intervention (with the U.S. Federal Reserve), and no U.S. official is going to sanction that in a presidential election year.
It shows that the system is more relaxed for the yuan to move.
It's definitely the case that the yuan is going to be allowed to appreciate as the economy grows. We're expecting some good growth.
Overall, the long-term trend is going to worsen. All indicators are pointing to a possible recession.
The data is very good and is a sign of a strong, resilient economy with sound fundamentals.
The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation,
The key factor is that there is still a soft tone to the U.K. economy and a clear absence of inflation.
The market will interpret [those comments] that the bank has gone towards a tightening bias.
The services-oriented sector of the economy is still looking fairly robust, averaging a 3.9 percent increase year-on-year. This is above the trend rate of inflation so that is upward pressure for the retail price index.
The Singapore dollar will continue to appreciate because of the economy -- there's no question about that.
There is a bloodbath in retailing in terms of competition.
There is a persistent trend that we are seeing in Asian currencies and it has got to do with more than a view on Fed policy.
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