Brazil's new policy framework includes weaker currency

Jun 30, 2015 08:01 am UTC| Commentary

The new Brazil policy framework involves tighter monetary and fiscal policy, and a weaker exchange rate induced by less central bank intervention. Since the new economic team led by Finance Minister Joaquim Levy was...

Hungary's GDP growth likely to slow down to 3.5% in 2015

Jun 30, 2015 07:49 am UTC| Commentary

Hungarys first quarter GDP growth of 3.3% yoy was dragged by fixed investment (-3.5% yoy, largely due to a high base) and public consumption. Private consumption and net exports maintained solid momentum, as the economy is...

National Bank of Poland may stay neutral on PNL

Jun 30, 2015 07:42 am UTC| Commentary

Polands industrial production growth recovered to 5.3% yoy in May from a soft April reading of 2.7% in seasonally and working-day adjusted terms, maintaining the growth momentum at the beginning of the year. Food sales...

Mexican peso to follow global events

Jun 30, 2015 07:30 am UTC| Commentary

The Mexican peso will likely continue moving to the tune of global market gyrations with all eyes looking at Greece. The peso reacted in line with LatAm FX markets that in spite of seeing volatility episodes, still fared...

PLN: Government reiterates defence against Greek spillover

Jun 30, 2015 07:26 am UTC| Commentary

The Polish zloty, along with the forint, featured among top underperformers of the past week as developments surrounding Greece escalated, the underperformance reflects the hi-beta nature of the currencies, which manifests...

SNB supports EUR-CHF exchange rate

Jun 30, 2015 07:14 am UTC| Commentary

The initial reaction of the FX market to the news surrounding Greece wore off quickly in the other currencies as well, with the exception of EUR-CHF. Even though the exchange rate was initially able to gain some ground...

EUR-USD recovers within short span of time following Greece shock

Jun 30, 2015 07:04 am UTC| Commentary

The Greek government has already announced, is unlikely to be able to make the EUR 1.6bn repayment to the IMF. Even though the major rating agencies had signalled before that this would not be seen as a default as the IMF...