Chile economy expected to grow below trend in the medium term

Nov 16, 2015 00:23 am UTC| Commentary

The monthly economic activity index puts Q3 growth at 2.1% yoy, vs the old projection of 2.4% and Q2 growth of 1.9%. Sequentially, the economy likely grew by 0.3% qoq on seasonally adjusted basis. Given the weak trade data...

Final euro area HICP inflation to be revised up marginally to 0.1% yoy

Nov 16, 2015 00:14 am UTC| Commentary

October final euro area HICP inflation is expected to see a small upward revision to 0.1% yoy from the flash reading of 0.0% yoy. After the higher-than-expected French HICP inflation reading yesterday of 0.2% yoy (market...

District Fed surveys expected to show worst of manufacturing slowdown over

Nov 15, 2015 23:58 pm UTC| Commentary Central Banks

Canvasses of local firms conducted by the Federal Reserve Banks of New York, Philadelphia and Kansas City will provide early glimpses at manufacturing activity in November and will allow us to do some spade work on the...

EMEA: Hungary on hold

Nov 15, 2015 23:26 pm UTC| Commentary Central Banks

The NBH is expected to keep policy rate unchanged in its MPC meeting on Tuesday. The NBH is likely to keep rates stable for a while, as it has recently been loosening monetary conditions through additional quantitative...

USD/BRL price action dominated by uncertainty about the political and fiscal situation in Brazil

Nov 15, 2015 23:11 pm UTC| Commentary

USDBRL price action should continue to be dominated by uncertainty about the political and fiscal situation in Brazil. If Henrique Meirelles assumes the position of finance minister in the weeks to come, the initial market...

MXN: USD dependent

Nov 15, 2015 22:52 pm UTC| Commentary

In Mexico, USDMXN will keep trading above 16.50, towards the forecast of 17.50 in the year to come as the USD resumes its upward trend and headwinds from EM weigh on the MXN. Although we have a constructive view on...

Non-Japan Asia: BI to cut, worsening trade, weaker currencies

Nov 15, 2015 22:27 pm UTC| Commentary

Asian currencies are experiencing renewed weakness despite the pause in the USDs general uptrend in recent days. Fragile Stability, the outlook for EM FX, including Asian FX, is likely to remain downbeat into 2016. A mix...