Hawkish Norges Bank underpins strength – BBH

Hawkish Norges Bank underpins strength – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad reports that the Norwegian Krone is outperforming as underlying inflation overshot expectations in May, bringing forward rate hike bets from November to September. After a surprise 25 bps hike in May, Norges Bank keeps the door open for another increase, with elevated energy prices supporting a firmer NOK, the […]

expected to miss June monetary policy

expected to miss June monetary policy

Bank of Japan (BoJ) Governor Kazuo Ueda has been hospitalized, according to a statement released by the central bank. Additionally, Ueda would not be able to attend the next two-day monetary policy meeting scheduled for June 15-16, and Deputy Governor Ryozo Himino would chair the policy meeting, while Deputy Shinichi Uchida would hold the afternoon […]

Mixed China signals and positioning shifts – ING

Mixed China signals and positioning shifts – ING

ING’s Warren Patterson and Ewa Manthey say China’s latest trade data for Copper are mixed, with higher unwrought Copper imports in May but lower year-to-date volumes due to stronger domestic refined output. They add that Copper concentrate imports softened and CFTC data show a pullback in net long Copper positions after several weeks of increases. […]