
Mexico's industrial production growth slowdown in H1
Jul 23, 2015 21:41 pm UTC| Commentary
Societe Generale notes:Mexican industrial production posted its first negative print (-0.94% yoy) in 13 months in May as exports fell yoy on slow demand growth in the US. As a result, we estimate growth to have slowed...
US jobless claims fell to 255k
Jul 23, 2015 21:08 pm UTC| Commentary
US jobless claims fell to 255k, a new cycle low and well below the median estimate of 278k. Holidays and auto-retooling were factors at play. The July average is 274k so far, suggesting the monthly payrolls report will be...
Fed’s “gradualism” implies gradual dollar appreciation
Jul 23, 2015 20:58 pm UTC| Commentary
Over the past two weeks, the rates market has significantly repriced rate-hike expectations from no lift-off this year to a high probability of a September hike. This has consequently put renewed upward pressure on the...

Fed’s “gradualism” implies gradual dollar appreciation
Jul 23, 2015 20:54 pm UTC| Commentary
Over the past two weeks, the rates market has significantly repriced rate-hike expectations from no lift-off this year to a high probability of a September hike. This has consequently put renewed upward pressure on the...
Current US dollar and commodity levels unlikely to derail a September hike
Jul 23, 2015 20:37 pm UTC| Commentary
The broad trade-weighted dollar index appreciated noticeably over the past few weeks and is now approaching the peak levels reached in March. Meanwhile, oil prices have fallen to new lows. Understandably, all of this has...
US Weekly Jobless Claims on Par with Fed’s Standards
Jul 23, 2015 17:01 pm UTC| Commentary
The weekly jobless claims were released this morning, falling to 255,000 from 281,000 the previous week. This substantial drop brings claims to a historic low, the 255k mark is the fewest since November 1973. A labor...
Banxico weighing Fed tightening prospects against low growth
Jul 23, 2015 16:55 pm UTC| Commentary
In a recent communication, Banxicos Deputy Governor Javier Guzman hinted that the bank could closely follow Fed actions in order to pre-empt the potential volatility and its impact on the MXN rather than wait to see the...