NZ RBNZ cut to weigh on the currency
Jun 30, 2015 06:16 am UTC| Commentary
The NZD has taken over the EUR as the worst performing currency against the USD in G10 space. While market expected some easing bias from the RBNZ into its June meeting, the 25bp rate cut and further easing signals were...
CBR aiming to boost FX reserves to $500bn level
Jun 30, 2015 06:00 am UTC| Commentary
A surprising twist in CBR policy was the emergence of a completely new goal to boost FX reserves to the $500bn level. According to the CBR, that level is"comfortable" from a financial stability perspective and should be...
South Korea's exports and trade surplus to rise significantly in June
Jun 30, 2015 05:41 am UTC| Commentary
Interim trade numbers up to 20 June suggest a significant rise in South Koreas exports and trade surplus in June. Societe Generale says, exports is liekly to pick up from $42.4bn in May to $48.0bn in June, while imports...
Jun 30, 2015 05:39 am UTC| Commentary
The second estimate of UK Q1 GDP surprised in that it was not revised up from the original estimate of 0.3% qoq; services growth was actually revised down, offsetting upward revisions to IP and construction.Since then,...
Food and oil prices likely to increase South Korea's headline inflation
Jun 30, 2015 05:35 am UTC| Commentary
South Korea expects a modest rise in fresh food prices due to drought, which actually means a significant pick-up in seasonally adjusted prices given the well-established pattern of a sizeable decline in fresh food prices...
Flash June Italian HICP consumer prices to rise by one tick
Jun 30, 2015 05:33 am UTC| Commentary
Energy prices to be the main driver behind higher Italian consumer prices as the other metrics should remain broadly stable across the board.Italian HICP inflation in May rose more than we expected due to a more prominent...
France's softening household consumption
Jun 30, 2015 05:17 am UTC| Commentary
The softening French May consumption stems from the non-energy component, which is estimated to have dropped by 0.5% mom. The upcoming summer sales, starting at the end of June, are likely to have fed through as consumers...
Canadians are feeling increasingly powerless amid economic struggles and rising inequality
Another election, another round of Nigel Farage hype, with no lessons learned