· Yellen: case for next rate hike has “strengthened” in recent months

Highlights of the week:-

·         Yellen: case for next rate hike has “strengthened” in recent months ·         Germany’s Ifo decline the most since the Eurozone debt crisis in 2012 ·         Kuroda: there is a “sufficient chance” for more easing in September ·         RM declines 0.10% against USD due to easing of foreign equity inflows ·         Local govvies see a humped yield curve as investors are anxious on the outcome of Yellen’s speech at the end of the week