RBI Policy Preview: More easing in H2 2015
Jul 30, 2015 23:09 pm UTC| Commentary
The Reserve Bank of India (RBI) will announce its monetary policy decision on 4 August. The central bank is expected to hold the key policy rates unchanged next week. However, the RBIs monetary policy stance is likely to...

Continuing claims data pulls US July employment forecast lower
Jul 30, 2015 22:48 pm UTC| Commentary
For the July employment report, scheduled for release on Friday, August 7, the nonfarm payrolls are expected to rise by 200k, a downward revision from the forecast of 250k. Private payrolls are expected expand by 200k, and...
Jul 30, 2015 22:16 pm UTC| Commentary
Large revisions to the US GDP series saw some mixed interpretation and choppy price action in markets. After the dust settled though, the net interpretation was modestly more optimistic, and USD is generally outperforming...

Mexico monetary policy: The road is paved, just waiting for the Fed
Jul 30, 2015 21:58 pm UTC| Commentary
Banxico decided to keep its policy rate unchanged at 3.00%. The press release keeps a neutral tone and the balance of risks for global growth and inflation remains unchanged from the previous meeting. The meeting minutes...
MXN: Near-term stability on more intervention
Jul 30, 2015 21:43 pm UTC| Commentary
The Mexican Treasury and central banks FX commission announced some measures to provide liquidity in FX markets. Daily auction without minimum price: increase from 52mn to 200mn USDMXN. Daily auction with minimum...

Asia-Pacific: Foreign exchange outlook
Jul 30, 2015 21:25 pm UTC| Commentary
The Australian dollar (AUD) decline is anticipated to continue into year-end, before stabilizing through 2016 on the back of a shift in its balance of risks. While any further benchmark interest rate cuts are not expected...

Europe: Foreign exchange outlook
Jul 30, 2015 21:06 pm UTC| Commentary
The path of the British pound (GBP) is one of relative performance, softening vs. the USD while climbing against its peers in light of the Bank of England whose normalization is expected to lag the Feds in both timing and...