Turkish Lira Outlook (1-3 Months) – AKP and the general elections
Jun 04, 2015 11:00 am UTC| Commentary
On June 7, Turkey will hold general elections. The latest polls show that AKP support may stand at 41% from over 50% a year ago. Meanwhile, the most important thing to watch will be whether HDP breaks through the 10%...
IDR Outlook (1-3 Month)– Less constructive view of IDR
Jun 04, 2015 10:55 am UTC| Commentary
Indonesian Rupiah was one of the worst performing AXJ currencies last month (-1.97% against USD) after data showed GDP shrank for a second quarter in a row (-0.18%q/q, cons: +0.25%q/q) highlighting the challenge facing...
SGD Outlook (1-3 Months)– Cannot rule out another inter-meeting easing before October
Jun 04, 2015 10:48 am UTC| Commentary
Singapore Dollar was a middle of the road performer in May, but SGD is expected to play catch-up to the downside. CPI inflation and industrial production data for April reinforce, according to RBC Capital Markets. Core...
South Korean Won Outlook (1-3 Months) – Door to cuts remains open
Jun 04, 2015 10:42 am UTC| Commentary
KRW was one of the worst performing AXJ currencies in May, falling by 3.2% against the USD. Cyclical data and JPY price action have returned focus on KRWs overvaluation. The June Business Survey showed increasingly...
Indian Rupee Outlook (1-3 Months) – Limited room to underperform
Jun 04, 2015 10:24 am UTC| Commentary
INR was a middle of the road performer in May, dropping 0.63% against the USD. The modest weakness was partly attributable to follow through selling from FInMin Jaitleys announcement in late April that he planned to...
Chinese Yuan Outlook (1-3 Months) – Further easing will be needed
Jun 04, 2015 10:17 am UTC| Commentary
The RMB was the only AXJ currency (with the exception of PHP) to gain ground against the USD in May. Analysts find this surprising given early indicators for Q2 suggest a soft start (Retail sales: 10%y/y, cons: 10.4%,...
New Zealand DollarOutlook (1-3 Months)– RBNZ easing
Jun 04, 2015 10:10 am UTC| Commentary
The RBNZ released a paper on inflation in late May, and it was believeed to be another small step toward a policy rate cut. The interpretation of the paper was that non-tradable inflation is not the prohibitive factor in...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects