PLN joins underperformers as mortgage loan fears dominate

Aug 10, 2015 07:00 am UTC| Commentary

CEE exchange rates remained under pressure last week despite better-than-expected June manufacturing data from key countries such as Hungary and Turkey. Currencies remained under pressure across the board, as G10...

USD's shallow rally into 2016

Aug 10, 2015 06:33 am UTC| Commentary

Beyond the September FOMC meeting, there is a widespread view that USD rallies into the turn in the US rate cycle and sells off thereafter. While this profile holds for USD performance on average over recent tightening...

FOMC September hike still expected

Aug 10, 2015 06:27 am UTC| Commentary

DXY rose around 2% in July, but bigger picture, currently stands around the centre of the range of the last six months. In the near term, which end of that range is tested is becoming increasingly dependent on a single...

Indonesia likely to post 2.3% growth in Q2

Aug 10, 2015 05:57 am UTC| Commentary

IDR was one of the worst performing AXJ currencies last month, though its 1.58% depreciation versus USD was eclipsed by KRW (-4.5%) and THB (-3.38%). Domestic data was mixed, but still weak. The commodity price rout is...

BRL likely to lower Brazilian assets price

Aug 10, 2015 05:29 am UTC| Commentary

In Brazil, uncertainty keeps weighing on all asset classes. A weak government and a troubled economy, coupled with somewhat unpredictable fiscal, monetary, and FX policy, call for higher risk premia for financial assets....

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,...