Philippines August CPI: Inflation stays low

Sep 04, 2015 02:21 am UTC| Commentary

Despite poor weather conditions, price pressures remain manageable in the Philippines. Headline inflation moderated at the margin, falling to 0.6% y/y in August, from 0.8% in July. The fall in energy prices continues to...

Poland’s October election adds downside PLN risk

Sep 04, 2015 01:02 am UTC| Commentary Economy

Polands smaller trade linkages to China and its status of net commodity importer places the PLN in a relative sweet spot compared to other EM currencies. That did not stop EUR/PLN from gaining 2.1% in August. A move up to...

China and commodities cloud AUD outlook

Sep 04, 2015 00:39 am UTC| Commentary

AUD/USD fell for a third successive month in August but this may not be the end of it as long as worries over China growth (imports) do not dissipate and commodity prices do not stabilise. EUR/AUD traded a high of 1.6590....

China and risk aversion lift Euro

Sep 04, 2015 00:27 am UTC| Commentary

EUR/USD escaped the narrow trading range last month, scaling a 1.1714 high on 24 August. Short IMM positions have been cut to the lowest level in over a year. The biggest EUR gains have come against the commodity...

Swedish Krona rallies as Riksbank pauses

Sep 04, 2015 00:20 am UTC| Commentary

A surprise jump in CPI inflation in July has helped the SEK to cut nearly half the Q2 losses against the USD and EUR. This resulted in a mild strengthening of the trade weighted Krona (KIX) over the past month despite the...

US trade balance improves in July as exports rebound and imports pull back

Sep 03, 2015 23:37 pm UTC| Commentary

The U.S. trade deficit narrowed by more than expected to $41.86 billion in July, from a downwardly revised $45.21 billion in June (previously -$43.84 billion). Total exports of goods and services rose 0.4%. Gains were...

Canadian trade sector helping to pull economy past soft patch

Sep 03, 2015 23:18 pm UTC| Commentary

Canadian merchandise exports rose 2.3% in July 2015, helping to narrow Canadas trade deficit to $593 million, down from $811 million in the prior month. The strength in exports was both a price story (+1.3% m/m) and a...