Sweden 2016 wage negotiations round in focus

Jul 09, 2015 09:45 am UTC| Commentary Economy

The Riksbank wants to see is EUR/SEK staying at its current levels of 9.30, given the emphasis put on SEK in supporting the CPI recovery. A rise in import prices via SEK devaluation is likely the quickest and most direct...

Divergent monetary policies a more powerful EUR driver than Greek risks

Jul 09, 2015 09:43 am UTC| Commentary Economy

Euro has remained relatively resilient, despite a substantial deterioration of the situation in Greece. Although Grexit risks are negative for the Euro, data and divergence of monetary policies are more important drivers....

Unfavorable global and domestic conditions pat Brazilian Real

Jul 09, 2015 07:37 am UTC| Commentary Economy

The BRL traded with a weak tone on Wednesday losing around 1.5% vs. the USD. USD-BRL closed at 3.235. Developments in China weighed on the BRL performance throughout the day as this country is Brazils main trade partner...

Poland's future monetary policy depends on fiscal decisions

Jul 09, 2015 04:29 am UTC| Commentary Economy Central Banks

Polands current monetary policy has no risks of change in near term.The PLN might be impacted by the potential risk connected to Grexit. However, the central bank and Ministry of Finance would likely intervene on the FX...

India: Assembling the building blocks

Jul 08, 2015 23:04 pm UTC| Commentary Economy

Increasing fiscal revenue is supporting the governments medium term agenda of raising infrastructure investment. The focus is likely to be on urbanisation, clearing supply bottlenecks through better logistics, stronger...

FOMC sees progress toward liftoff but notes Greece

Jul 08, 2015 21:07 pm UTC| Commentary Economy

The June FOMC minutes revealed a number of reasons to be cautious among Fed officials - including uncertainty about Greece - yet the broad conclusion among the voters was that the economy was continuing to approach the...

Poland keeps rate comfortably on hold

Jul 08, 2015 18:16 pm UTC| Economy Central Banks

The National Bank of Poland (NBP) kept its policy rate on hold at 1.5% as expected. The MPC has collectively and individually assured that no rate change is likely at least until mid-2016, and the next move is more likely...