More From Boby Michael
Uganda hikes rates, currency holds near 1-month high vs dollar
The Ugandan shilling is still down 11% so far this year, adding to the 13% slide in 2014.
Jul 13, 2015
Euro shrugs off new Greek deal as stock indices rally
The Eurogroup has offered a new deal for Greece, eliminating worries of a Grexit for now.
Jul 13, 2015
Crude oil headed back for multi-month lows on Iran deal optimism
Demand woes mentioned in IEA report and US growth concerns sounded by Yellen weigh on oil.
Jul 13, 2015
Norway's Krone rallies as inflation rises to 2-year high
Norway has now less reasons to add to the 25 basis points rate cut of last month.
Jul 10, 2015
Gold and silver hovering near crucial support levels amid Greek drama
Gold and silver still eye $100 and $10 respectively, but uptrends since 2005 hold as support as of now.
Jul 10, 2015
Euro, pound and stocks rise as Greece submits fresh plan, dollar falls
UK May trade data comes in better than expected further helping Sterling.
Jul 10, 2015
IMF July WEO: Brics update mixed as Brazil's expansion rate falls while Russia's rises
The expansion rates of India, China and South Africa have been kept steady from the April World Economic Outlook.
Jul 09, 2015
IMF cuts 2015 global GDP forecast as advanced economies lag
Projections for US and Canada have fallen while that for Spain and Italy have risen.
Jul 09, 2015
Aussie dollar off 6-year lows as Chinese CPI, Australia jobs data come positive
The US currency also came off its highs after minutes of Wednesday's FOMC meeting emerged.
Jul 09, 2015
Pound falls to fresh lows ahead of summer budget 2015
EUR/GBP has risen to a two-week high also helped by Greece-related optimism.
Jul 08, 2015
Euro and pound falls to one-month low as Grexit looms large while Australian dollar hits 6-year low
Australian dollar has fallen to a new 6-year low.
Jul 07, 2015
New Zealand dollar hovers near 5-year low as NZIER survey predicts below 3% GDP and more rate cuts
The business confidence index has fallen to its lowest level since September 2012.
Jul 07, 2015
RBA meeting to consider Aussie dollar at 6-year low and fresh Chinese signals
The Australian inflation rate is at a three-year low.
Jul 06, 2015
Swiss franc keeps broad downtrend as SNB may intervene to curb Greek-related currency strength
Greek vote expected to strengthen Swiss franc as a safe haven option.
Jul 06, 2015
Euro comes off lows after sliding on Greek vote with EU summit in focus
Euro has not broken lows of 29 June when Greece announced the referendum.
Jul 06, 2015
Euro off Asian lows as Greek drama continues, ECB minutes in focus
Greece has switched back after showing readiness to accept most conditions of the IMF deal.
Jul 02, 2015
Pound falls to 2-week low as manufacturing PMI plunges
The purchasing manager's index fell to a 26-month low of 51.4 in June, down from a revised reading of 51.9 in May.
Jul 01, 2015
Asia PMI summary: Manufacturing sector deteriorates further
China needs more stimulus while India is likely to cut rates further, analysts say.
Jul 01, 2015
Canadian dollar falls to 3-week low on disappointing GDP data
Negative US data failed to arrest loonie's slide.
Jun 30, 2015
Pound off high despite positive GfK data as focus remains on Greece
GfK consumer confidence at 15-year high
Jun 30, 2015
Markets face turbulent week as Greece calls for referendum, China cuts rates
Euro is back near multi-year low versus pound and at three-week lows vs Canadian dollar and Swiss franc
Jun 27, 2015
Russian economy contracts further, rate cuts predicted
A weakening rouble dampens the outlook for manufacturers who rely on raw material imports.
Jun 26, 2015
Euro snaps three-week gaining streak as Greece talks extended; EUR/GBP back near 8-year low
Euro shows no let up in weakening trend against pound.
Jun 26, 2015
Yen rallies across the board on inflation data as focus remains on Greece
Japanese currency rises to three-week high against euro.
Jun 26, 2015
Israeli shekel off 8-month high on dollar strength
The currency is still up more than 2% since the policy decision on 22 June.
Jun 25, 2015
Swiss franc weakens on SNB head's remarks
Swiss authorities are concerned of likely "safe haven" flows to franc as Greek woes escalate.
Jun 25, 2015
South Korea's consumer sentiment at 2-year low as economic outlook takes downturn
One-year inflation expectations steady at 2.5% though down from 2.6% at the start of the year.
Jun 25, 2015
New Zealand dollar settles at 5-year low as rate cut impact stays
The Kiwi dollar has fallen more than 22% ever since it lost ground in July 2014.
Jun 24, 2015
BoJ in focus as Israel, Turkey, Taiwan, Philippines and Hungary to set rates
Japan's growth and inflation picking up forcing BoJ to leave policy unchanged.
Jun 22, 2015
Asia EM FX: Indian rupee further higher as ringgit, rupiah and baht pare gains
Rupee rises to a near three-week high, while other Asian currencies lose momentum.
Jun 19, 2015
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