Bank of Israel held its base rate unchanged with a dovish bias
Jun 22, 2015 16:53 pm UTC| Commentary
BoI held its base rate unchanged today at 0.10% for the fourth consecutive month, in line with expectations. BoI was considerably more dovish on inflation than previously, noting that during March-May inflation was...
Mexico retail sales declines unexpectedly but a positive trend should continue
Jun 22, 2015 16:42 pm UTC| Commentary
Mexicos retail sales declined 0.3% m/m sa in April mainly driven by a contraction in supermarket, apparel and food sales. In annual terms, retail sales increased 4.6%. The unexpected decline contrasts with the positive...
U.S. home sales should remain robust over the coming year
Jun 22, 2015 15:50 pm UTC| Commentary
U.S. existing home sales rose by 5.1% m/m to 5.35 million units (annualized) in May. The reading came in well above expectations, which called for a smaller increase to 5.26 million. Revisions were also positive, bringing...
Jun 22, 2015 14:45 pm UTC| Commentary
Western Union notes:Gold prices got a boost after dovish comments from FOMC Chair Janet Yellen at the press conference after the two day FOMC meeting where the FOMC statement was largely left unchanged. The lower trend in...
Jun 22, 2015 14:44 pm UTC| Commentary
Western Union notes:The Mexican Peso has been firming up against the US dollar after hitting the lowest ever level in early June. Higher Crude Oil prices and a weaker US Dollar has helped it consolidate.The Mexican Peso...
Jun 22, 2015 14:44 pm UTC| Commentary
Western Union notes:The Canadian Dollar was hit by weak data on Friday but higher than expected inflation data held it back. Retail sales for April were sharply lower than expectations falling 0.1 percent after two months...
Jun 22, 2015 14:43 pm UTC| Commentary
Western Union notes:The Euro has shown some significant resilience as the Greek debt crisis is coming to some kind of deadline with Euro 1.6 billion of loans due at the end of this week.The resilience of the Euro is due to...