Moderate price recovery of US corn and soybeans
Aug 05, 2015 09:09 am UTC| Commentary
The price of US corn continued to recover yesterday, climbing for the second consecutive day from the six-week low it hit at the beginning of the week. The September contract closed trading at $3.69 per bushel. That said,...
Brazilian research institute expects significantly lower coffee crop
Aug 05, 2015 09:06 am UTC| Commentary
According to Brazilian research institute Procafe, the ongoing coffee harvest in Brazil could turn out to be 20% to 30% lower than previously estimated in March. Two thirds of the coffee crop have already been harvested -...
BoT continues with dovish rhetoric
Aug 05, 2015 08:07 am UTC| Commentary
The Bank of Thailand left its policy rate unchanged at 1.50%. The decision was again unanimous, indicating that the MPC does not see any imminent need to cut rates.However, the overall tone of the statement remained...
Central Bank of Thailand to stay on hold
Aug 05, 2015 07:38 am UTC| Commentary
Thailand is the only Asian economy with net outflows in both bonds and equities on a YTD basis. The Central Bank of Thailand is forecast to hold its key rate unchanged at 1.50%, says Societe Generale. The yield...
USD benefits from Lockhart´s rather hawkish interview
Aug 05, 2015 07:38 am UTC| Commentary
Atlanta Fed President Dennis Lockhart caused a stir on the FX market overnight. Commerzbank notes his statement made in an interview that "the economy is ready and it is an appropriate time to make a change". It would take...
Greece confident on August 20th deadline payment to ECB
Aug 05, 2015 07:32 am UTC| Commentary
Greece expressed its confidence that it will have a new bailout in two weeks, in time to make the 20 August deadline payment to the ECB, but winning a parliamentary majority may still prove an uphill task for PM...
Taiwan food prices likely to trend higher, inflation to recover in H2
Aug 05, 2015 07:27 am UTC| Commentary
Lower oil prices remain the dominant drag on Taiwan CPI, subtracting 0.92pp from the headline rate. The larger drag in July reflected the changes in retail pump prices. Indeed, prices of RON95 fell 2.7% m/m in July.The...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects