Poland party leading in polls wants bank tax
Jul 08, 2015 07:28 am UTC| Commentary
The Polish zloty sold off sharply yesterday during trading, with EUR/PLN approaching 4.22 at one point in the afternoon and although this was part of the general risk-off move in markets, it did not help the zloty that the...

Sweden June CPI, cooling prices
Jul 08, 2015 07:18 am UTC| Economy Commentary
Sweden CPIF inflation might once again drop below 1%. Normally the summer sale of clothing and footwear begins in June. This year the spring was unusually cold, and clothing and footwear sales appear to have been...
JPY waiting for the final seller in long term
Jul 08, 2015 07:05 am UTC| Commentary
Japan Domestic public sector flows drove the move from 100 to the 120s. Prior to that, the overseas sector fuelled the move from 80 to 100. The sector that is expected to drive the third leg of JPY selling has so far had...

Jul 08, 2015 06:58 am UTC| Commentary
USD/JPY lurched up to a new 13 year high (125.87) in earlyJune, but another string of comments from MoF and BoJ officials suggesting little scope for further JPY weakness capped the move and the last couple of weeks have...

Singapore's another intermeeting easing likely before October
Jul 08, 2015 06:58 am UTC| Commentary Economy
Singapores external growth momentum is waning, as evidenced by non-oil domestic export growth falling by 0.2%y/y (consensus: 2.3%y/y). Meantime, CPI inflation was soft in May - the core reading fell from 0.4%y/y to 0.1%yy...

Euro in a deeper crisis with Greece
Jul 08, 2015 06:26 am UTC| Commentary
With the second bailout having expired, Greece now needs to negotiate a third programme from scratch in order to access funding and reopen its banks; the alternative is EUR exit. Despite all this, our forecasts are...
Brazil's inflation escalating upside risk
Jul 08, 2015 06:16 am UTC| Commentary
Brazils inflation data for May is scheduled to release today.May inflation data and the IPCA-15 series suggests that Brazils inflation acceleration continued in Q2 despite the likelihood that adjustments to the prices of...