Singapore to cut growth forecasts

Aug 06, 2015 02:10 am UTC| Commentary

Singapores new normal appears to be converging closer to 2%, rather than 4%. The Ministry of Trade and Industry will likely cut and narrow its GDP growth forecast to 1.5-2.5% in August, down from the current 2-4% forecast...

NZD/USD continue to trend lower in July

Aug 06, 2015 01:05 am UTC| Commentary

The NZD/USD continue to trend lower in July, despite the NZD bears disappointed from an only 25bp rate cut of the RBNZ at its July meeting, which led to some short covering. The significant decline since April has led the...

RBA to remain on hold over coming months

Aug 06, 2015 00:50 am UTC| Commentary

The RBA is expected to remain on hold over coming months, but maintain a mild easing bias in order to keep downward pressure on the AUD. Governor Stevens has communicated a higher hurdle to consideration of further easing...

Bank of England to raise rates next year

Aug 06, 2015 00:12 am UTC| Commentary

July was a good month for GBP which was the best performing G10 currency surpassed only by the USD. Both currencies shared a common theme last month, namely that their respective central banks both reaffirmed the...

Mexico’s economic growth takes a step back in May

Aug 05, 2015 23:38 pm UTC| Commentary

Mexicos economy continues its recovery after two years of below-potential growth and it is on its way to growth 2.5% in 2015. But risks are to the downside, as growth decelerated unexpectedly in May driven by a contraction...

Thailand’s economic outlook deteriorating

Aug 05, 2015 23:14 pm UTC| Commentary

The recovery path in 2Q appears to be worse than expected. Data up to May show the economy lost momentum. Consumption was weak and exports fell. Tourism remained strong and was the only bright spot, but it was not enough...

Taiwan: Bleak export prospects, lowering GDP

Aug 05, 2015 22:53 pm UTC| Commentary

Taiwan exports contracted a sharp 13.9% yoy in June after declining 3.8% yoy in May. Three aspects in the June release are particularly worrying: 1) tech exports declined by double digits for the first time since July...