Korean KRW to continue to follow JPY
Jun 30, 2015 10:56 am UTC| Commentary
KRW will continue to track JPY closely. Given aggressive intervention by the BoK in the last few months and the increase in rhetoric to safeguard exports from the weakening yen, the 9.00 level in JPY/KRW moght not be...
Jun 30, 2015 10:51 am UTC| Commentary
There is mounting market apprehension that the ongoing IDR weakness may be protracted. The IDR outlook for 2015 remains lackluster due to tepid economic recovery and a stronger dollar.The factors supportive of IDR include...
Jun 30, 2015 10:34 am UTC| Commentary
Indonesias High frequency indicators suggest limited pickup in activity. Loan growth continues to ease, led by a slowdown in investment and working capital loans.Weak exports will also continue to weigh on growth. However,...
INR: growth bottoming out very slowly
Jun 30, 2015 09:59 am UTC| Commentary
FY15 GDP growth, however, was driven by an 18.9% jump in net taxes. More importantly, GVA growth slowed to 6.1% from 6.8% in December.GVA slowdown was led by a contraction in agriculture and services, despite a pick-up in...
Jun 30, 2015 09:50 am UTC| Commentary
Industrial production growth edged up and retail sales growth improved slightly in May on better car and fuel sales. Fixed asset investment growth improved, helped by small rebounds in real estate and manufacturing FAI...
German inflation disappointed, Spain finally out of negative territory
Jun 30, 2015 09:49 am UTC| Commentary
Yesterday Spain and Germany published their national statistics. Spanish inflation finally rebound out of negative territory being 0.0 % y/y from -0.3 % in May, is a good news.German inflation disappointed being only 0.1...
EU Commission lowers estimate of EU soft wheat and rapeseed crops in 2015/16
Jun 30, 2015 09:44 am UTC| Commentary
In its June estimate of EU soft wheat production in 2015/16, the European Commission has undertaken a further downward revision and now expects only just shy of 140 million tons. This is 1.5 million tons down on the May...