Zloty recovers sharply after selling off on Friday
Aug 17, 2015 07:01 am UTC| Commentary
Poland Q2 GDP data released on Friday were weaker than expected, but core inflation relaesed on same day accelerated to 0.4% y/y as expected. Following the GDP data, the zloty sold off hard in anticipation that NBP may...
Chile's growth likely decelerated in Q2 despite improvement in June
Aug 17, 2015 06:34 am UTC| Commentary
Chiles economy grew at the fastest pace in five months in June at 2.7% yoy. Yet, given the earlier growth weakness, we compute that the economy grew at 1.7% yoy in Q2 (as against our old projection of 2.4% in Q2), the...
Politics to dominate Brazil price action
Aug 17, 2015 06:32 am UTC| Commentary
Volatility caused by political turmoil likely to continue to dominate price action in Brazilian assets. Due to so much uncertainty around the political outcome in Brazil, BRL should keep its downward trend, in an...
Mexico retail sales growing at an impressive pace
Aug 17, 2015 06:28 am UTC| Commentary
Despite Mexicos growth weakness in H1 and the visible effect of the slowdown in the labour market, retail sales on average have continued to trend up this year, in part due to the low base effect in H1 2014 and partly due...
Mexico's GDP growth likely slowed in Q2
Aug 17, 2015 06:22 am UTC| Commentary
Mexicos industrial production and economic activity releases suggest that growth likely slowed to 2.0% yoy in Q2 even though activity growth improved to 2.2% yoy in June. While the supply side proxy puts Q2 growth at 2.1%...
Brazil labour market deterioration continues as unemployment rate to hit 7%
Aug 17, 2015 06:12 am UTC| Commentary
While non-seasonally adjusted data shows Brazil unemployment rate falling to 4.3% in December 2014 and rising to 6.9% through June 2015, seasonally-adjusted seriessuggests the unemployment rate actually bottomed at 4.5% in...
USDCNY expected at 6.80 by end of 2015
Aug 17, 2015 06:08 am UTC| Commentary
Chinas surprise move to adjust the mechanism for determining the USDCNY fixing sent shockwaves through global markets. The daily 9.15am USDCNY fixings will still be keenly watched by the market, although there are signs...