Divergent pattern to continue in Indian monsoons next week

Jul 31, 2015 04:29 am UTC| Commentary

Indias rainfall conditions have continued to improve on a cumulative basis, but have diverged in terms of regional distribution. Cumulative rainfall between 1 June and 30 July was 4% below normal, improving significantly...

Daily Economic Outlook: 31st July, 2015

Jul 31, 2015 04:26 am UTC| Commentary

Inflation indicators in the euro area and the US will likely receive the most attention today in terms of economic data releases. Eurostats flash CPI estimate for the euro area is expected to show no change in the annual...

USD, risk of further upside trajectory

Jul 31, 2015 04:06 am UTC| Commentary

Fed is kept in play for a first rate increase at the next meeting on 17 September with a 2.3% increase in Q2 GDP, and a rise in the core GDP deflator to 1.8%. Futures markets are pricing in only 14bp which leaves...

Can EU agree to fund Greece bailout all by itself if IMF refuses to participate?

Jul 31, 2015 04:00 am UTC| Commentary

The government has set a deadline for Greece of 12 August for negotiations on a third bailout package to conclude, but this may be too optimistic. The next deadline for Athens is 20 August when a bond repayment of 3.19bn...

Below normal Indian monsoon

Jul 31, 2015 03:55 am UTC| Commentary

In early June, the India Meteorological Department (IMD) had projected monsoon season (June-September) rains in India to be below normal, at 88% of the countrys long period average (LPA).Against that, the cumulative...

RBI monetary policy stance to turn softer in August

Jul 31, 2015 03:39 am UTC| Commentary

In its previous round of policy announcement on 2 June, the Reserve Bank of India (RBI) had lowered the repo rate by 25bp, as expected, but had maintained a cautious policy stance. The RBI will announce its monetary policy...

Near-term MXN stability on more intervention

Jul 31, 2015 03:35 am UTC| Commentary

The Mexican Treasury and central banks FX commission announced some measures to provide liquidity in FX markets. Daily auction without minimum price: increase from 52mn to 200mn USDMXN. Daily auction with minimum...