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Written by David Song, Currency Analyst
U.K. Nationwide house prices rose 1.3% m/m in July, marking a third consecutive month of price increases and yet again surprising on the upside. The reading compares to our survey median for a 0.3% m/m increase and follows June’s 0.9% m/m rise. The y/y reading improved to -6.2% from -9.3%, [...]

Written by David Song, Currency Analyst
The U.S. dollar saw a slight correction in Asia after the strong gains Wednesday in NY trading but fresh weakness in the Shanghai Composite stock index renewed concerns over a further correction in China’s stock market bubble. PBOC comments that it would maintain appropriately loose monetary policy was unable to [...]