Brazilian economy to come out of recession as political uncertainty eases

Jul 21, 2016 11:11 am UTC| Commentary Economy

Brazil is likely to come out from its two-year recession as the political uncertainty eases. The ongoing recession, which is the deepest since the 1930s, is due to imprudent policy choices executed in the last few years;...

Lingering political uncertainty to weigh on capital inflows into Turkey

Jul 21, 2016 11:01 am UTC| Insights & Views Economy

Turkeys cabinet decided to propose a State of Emergency (SoE) after a recommendation from the State Security Council yesterday. The state of emergency allows President Erdogan to rule by decree for three months, limit...

Political uncertainty likely to weigh on capital inflows into Turkey and TRY in near term

Jul 21, 2016 09:42 am UTC| Commentary Economy

Persisting political uncertainly is likely to spell doom forcapital inflows inTurkey in the near term and thus on the nations national currency lira. Turkish governmentimposed a three-month state of emergency on Wednesday...

US Fed to keep target range for federal funds rate unchanged during July meeting

Jul 21, 2016 07:24 am UTC| Commentary Central Banks Economy

The Federal Open Market Committee (FOMC) had maintained its policy rate at 25-50 basis points during its June meeting amidst a significant deceleration of employment growth in May and the pending UK referendum in EU...

Net inflow of migrants into New Zealand almost unchanged in June

Jul 21, 2016 06:02 am UTC| Commentary Economy

New Zealand has recorded a net inflow of 5,670 migrants on a seasonally adjusted basis in June. This is almost the same size of the net inflows witnessed in the past four months. Indeed, this is lower than the rates...

RBNZ signals further policy easing as stronger NZD hurts inflation outlook

Jul 21, 2016 05:29 am UTC| Commentary Central Banks Economy

The Reserve Bank of New Zealand on Thursdayreleased its short economic update. In the July update, the central bank gave fresh guidance on monetary policy. According to the RBNZs statement, the stronger New Zealand dollar...

FxWirePro: The Day Ahead- 21st July 2016

Jul 21, 2016 04:55 am UTC| Commentary Economy

Not many economic dockets scheduled for today but some with high volatility risks associated. Data released so far Australia: National Australia Banks business confidence declined to 2 in second quarter from...