Czech Koruna Outlook (1-3 Month) – Commitment to floor
Jun 04, 2015 12:07 pm UTC| Commentary
In its recent minutes, CNB emphasized again its dovish stance. Regardless of CNB stated dovishness, inflation and activity data found to be gradually improving. As previously noted, CNB stressed its commitment to the...
Czech Koruna Outlook (1-3 Month) – Commitment to floor
Jun 04, 2015 12:07 pm UTC| Commentary
In its recent minutes, CNB emphasized again its dovish stance. Regardless of CNB stated dovishness, inflation and activity data found to be gradually improving. As previously noted, CNB stressed its commitment to the...
Hungarian Forint Outlook (1-3 Month) – Cautious easing
Jun 04, 2015 11:55 am UTC| Commentary
On May 26, NBH continued its easing cycle, cutting another 15bps. In line with its statements last month, NBH cited that "a cautious approach to monetary policy is warranted" (NBHs Press Release, May 2015). It reaffirmed...
Mexican Peso Outlook (1-3 Months)– PRI erosion
Jun 04, 2015 11:50 am UTC| Commentary
On June 7, voters in Mexico will elect 500 deputies and nine states will hold gubernatorial elections. With regards to gubernatorial elections, PRI stands to lose the most because it currently runs six of the nine. PAN...
Polish Zloty Outlook (1-3 Months) – Changes in political landscape
Jun 04, 2015 11:39 am UTC| Commentary
Several implications have been seen in Poland after Andrzej Duda of the Law and Justice Party won the election. First, this may prove to be a boon for the Law and Justice Party as it looks to gain more seats in...
South African Rand Outlook – (1-3 Months) Better trade
Jun 04, 2015 11:27 am UTC| Commentary
First quarter unemployment data released on May 26 was the highest in almost a decade. Unemployment reached a whopping 26.4%, against 24.8% for the consensus. South Africa continues to suffer from power outages. It will...
Russian Ruble Outlook (1-3 Month) – More easing
Jun 04, 2015 11:20 am UTC| Commentary
USD/RUB is expected to reach 56 by end of Q2 and to then gradually appreciate to 52 by year-end. Annalysts assume, this will be a result of CBR rebuilding its international reserves, additional rate cuts, and a decline in...
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