PBoC: Exchange rate raise marks the biggest increase in 11 years - Investec

Research Team at Investec, notes that the People’s Bank of China raised the exchange rate for its currency by 0.56% against the US dollar, the biggest increase in 11 years.

Key Quotes

“There was some suggestion the PBOC's move was a knee-jerk reaction to US dollar weakness after the greenback saw losses in Asian markets, particularly against the yen after the Bank of Japan surprised markets and decided against any extra monetary easing.”

Apr 29, 2016

Eurozone inflation dips below zero, again - ING

Teunis Brosens, Senior Economist at ING, notes that the Eurozone core inflation remains dead in the water at 0.8% and with increasing oil prices, inflation will start to move up in the second half of the year.

Eurozone defies global turmoil in Q1 as growth surges to 0.6% q-o-q - ING

Bert Colijn, Senior Economist at ING, notes that the Eurozone economy astonishes in the first quarter as consumers and business do not let fear get in the way of production and spending.