Canada's inflation had some big swings, but unlikely to impact BoC's thinking

Jul 07, 2015 03:31 am UTC| Commentary

A net 26% of firms expect input prices to fall, while 13% anticipate cutting output prices over the next year. Firms noted that they felt most of the impact from the Canadian dollars depreciation had already been passed...

Central Canada outlook, a little brighter

Jul 07, 2015 03:26 am UTC| Commentary

The Bank of Canadas latest quarterly Business Outlook Survey, conducted May 15 to June 10, was modestly firmer, ending the weaker trend seen over the prior two quarters. The survey again highlighted the deepening shift in...

Philippines inflation falls further, but BSP still comfortable

Jul 07, 2015 02:33 am UTC| Commentary

Actual: 1.2% / 2.0% y/y (-0.1% / -0.1% m/m sa)Consensus forecast: 1.9%June inflation came in much weaker than expected. There were unexpected declines in clothing prices and housing rentals, which pushed core inflation...

Taiwan inflation bottoms as rains push up food prices

Jul 07, 2015 02:22 am UTC| Commentary

Inflation ticked up to -0.56% y/y in June (May: -0.73%; Apr: -0.82%), slightly above the forecast and consensus (-0.7%). On a seasonally adjusted m/m basis, the CPI rose 0.17% (May: 0.05%; Apr: -0.14%). Overall, the upside...

Currency Outlook: New Zealand Dollar

Jul 07, 2015 02:12 am UTC| Commentary

RBC Capital Markets notes:1-3 Month Outlook - More RBNZ easingThe RBNZ cut the policy rate last month, in line with RBCs expectations. But our economists do not think their work is done yet, and see a high probability for...

Currency Outlook: Swiss Franc

Jul 07, 2015 00:59 am UTC| Commentary

RBC Capital Markets notes:1 - 3 Month Outlook - EUR/CHF capped by politicsOn the Monday after the Greek referendum was announced, the SNBs Chairman Jordan confirmed that the SNB intervened in the FX market in a difficult...

Currency Outlook: Sterling

Jul 07, 2015 00:37 am UTC| Commentary

RBC Capital Markets notes:1-3 Month Outlook - Sustained outperformanceGBP performed very strongly again over the last month, gaining against all other G10 currencies and with EUR/GBP briefly dipping below 0.70 for a new...