MXN depreciates, but in line with other LatAm currencies
Aug 10, 2015 05:17 am UTC| Commentary
The Central Bank of Mexico will release its quarterly inflation report on Wednesday. Neither the strength of economic activity nor the underlying inflation dynamics suggest that Banxico is currently behind the...
AUD’s slide likely to extend on soft China activity and Australia wage data
Aug 10, 2015 05:12 am UTC| Commentary
AUD strength is expected to be capped, as Chinas real activity data are expected to moderate and Australias wage price index is likely to remain weak in Q2.Business surveys are showing that labor costs remained subdued,...
No reinforcement for the “Kuroda’s line”
Aug 10, 2015 05:07 am UTC| Commentary
BoJ Governor Kuroda last week did not reinforce the "Kuroda line", the level when the governor commented that further JPY REER depreciation is unlikely on June 10. Comments at the press conference were neutral, with Kuroda...
A modest EUR/NOK slow down expected in Q4
Aug 10, 2015 05:03 am UTC| Commentary
In Norway, the recent decline in oil prices, weaker-than-expected domestic data, and a modest uptick in unemployment has increased market speculation about additional rate cuts by the Norges Bank. Still for no further...
Aug 10, 2015 04:58 am UTC| Commentary
Inflation data in Sweden will likely drive the price action for the Scandies in the coming week. Poor liquidity of Scandinavian currencies over the summer has contributed to modest EUR/SEK appreciation, significantly above...
Uncertain outlook to keep Sterling under pressure
Aug 10, 2015 04:53 am UTC| Commentary
GBP was a notable G10 underperformer last week after the BoEs "Super Thursday" saw the MPC indicate a high degree of uncertainty regarding the economic outlook and appropriate timing of rate rises, encouraging cautious GBP...
Singapore Dollar: 1-3 Month Outlook
Aug 10, 2015 04:37 am UTC| Commentary
SGD was in the lower half of the AXJ performance rankings in July. We expect this trend to continue in the next 1-3 months.Domestic data point toward subdued growth in Q2. The preliminary estimate of Q2 GDP came in at...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned