The NZD Week: RBNZ to Look to Combat Kiwi Strength
And so to this week's RBNZ. The main event early Wed is expected to show Orr and co leave the OCR at 0.25%. There's only an 11% implied probability of a rate cut by Nov, but that does not mean this week's meeting will not garner any interest.
APAC US$ Supply Stats: July Registers Second Highest Monthly Volume YTD
The month of July 2020 produced a bumper U$45.598bn of supply in the APAC primary market (including Japan), courtesy of 70 issuers across 89 separate tranches.
Emerging Markets: Rouble Risks to Downside Ahead of US Election
The Russian Rouble recently dropped to its lowest level versus the USD since May 7 and to its weakest level since the end of March versus the Euro. This has been driven by external sentiment, which has included some shocking data out of the US and EZ, as well as fears of renewed coronavirus outbreaks in Europe.