USD to appreciate steadily in long term

Jul 08, 2015 06:13 am UTC| Commentary

Longer-term, USD remains positive, though the pace of gains should moderate. There is some risk that if the Fed does not hike in September, it pushes that back into 2016, which would also delay further USD gains.But...

USD, will it be September or 2016?

Jul 08, 2015 05:58 am UTC| Commentary

For the last 2-3 months, USD has been going sideways. It peaked in March, when markets were pricing in the first rate hike by September, but USD has retraced since then, in line with rate expectations that have also been...

Chile's inflation moderation continues at slowing pace

Jul 08, 2015 05:55 am UTC| Commentary

Chiles inflation data for June is due today.In June, headline inflation likely moderated by one tick to 3.9% while core inflation remained largely unchanged at 5.0% yoy (although it did fall by few bp from 5.05% in May to...

Brazil labour market program, there is no free ride

Jul 08, 2015 05:38 am UTC| Commentary

In order to slow the deterioration of Brazils labor market, the government announced a program that will allow firms to decrease its employees wages (and working hours) and the government will compensate half of the salary...

Australian labour market holding up well in the great transition

Jul 08, 2015 05:30 am UTC| Commentary Economy

The recent data suggest that the job losses in Australias mining and those sectors associated with mining investment are more than being offset by gains in residential construction, catering services and other parts of the...

China Inflation to bottom out

Jul 08, 2015 05:26 am UTC| Commentary

The biggest contributor for Chinas CPI should have been faster food inflation. The high-frequency agriculture prices pointed to a mom increase of 0.5% in food CPI in June, compared with -0.9% in May.If that proves to be...

Bank of Korea wants to end its easing cycle

Jul 08, 2015 05:21 am UTC| Commentary

The Bank of Korea (BoK) is expected to hold the policy rate at 1.50% at the July MPC meeting. As Governor Lee already hinted at the press conference after the June meeting, the BoK is likely to revise down its 2015 GDP...