OctaFX | OctaFX Forex Broker
Open trading account
Back

Asia: Macro slowdown - OCBC

According to analysts at Oversea-Chinese Banking Corporation Limited, Asia has witnessed a macro slowdown throughout 2018 and they do not see any signs of a further headline negative shock for the Asian economies.  

Key Quotes

“RMB movement will be a by-product of policy action addressing larger domestic issues. Stabilization in the Chinese economy a pre-requisite for a sustained upswing in the RMB. EM Asian FX would require a confluence of a weaker USD and a stabilization in the Chinese economy (and therefore the RMB) for it to break out of its structural depreciation trend.”

“Pending a concrete bottoming out of the global economy, Asian long-end govie yields may continue to remain under wraps, with Asian central banks now no longer likely to feel pressured to keep pace with the Fed in 2019.”

Norway Registered Unemployment n.s.a: 2.3% (January)

Norway Registered Unemployment n.s.a: 2.3% (January)
Read more Previous

Spain Current Account Balance fell from previous €0.9B to €0.3B in October

Spain Current Account Balance fell from previous €0.9B to €0.3B in October
Read more Next
Start livechat