Brazil - Copom: Another hike followed by a laconic message
Jun 04, 2015 02:00 am UTC| Commentary
Today, the Copom decided to hike the Selic rate by 50bp, to 13.75%, in a unanimous decision, as consensus expected. The BCB did not change the post-decision communiqué relatively to the previous meeting, briefly...
South Korean Won outlook : RBC
Jun 04, 2015 01:39 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - Door to cuts remains open 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...
Jun 04, 2015 01:24 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - Further easing will be neededThe RMB was the only AXJ currency (with the exception of PHP) to gain ground against the USD in May. We find this surprising given early indicators...
Jun 04, 2015 01:13 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - RBNZ easingThe RBNZ released a paper on inflation in late May, and we believe it was another small step toward a policy rate cut. The interpretation of the paper was that...
Jun 04, 2015 01:07 am UTC| Commentary
RBC Capital Markets notes:1 - 3 Month Outlook - RBA holds the line for nowThe early June meeting of the RBA saw the Bank leave the policy rate steady at 2.00%, following two cuts earlier this year in February and May. In...
Jun 04, 2015 01:02 am UTC| Commentary
RBC Capital Markets notes:1 - 3 Month Outlook - USD/CAD toward the highsUSD/CAD found its low in mid-May before bouncing sharply through the second half of the month. As we notedin early May, the main drivers of the...
Jun 04, 2015 00:56 am UTC| Commentary
RBC Capital Markets notes:1-3 Month Outlook - CPI uptrend looks shakyExpectations that Sweden was on the road of recovery from low inflation took a slight knock when the latest April reading of CPI showed headline prices...
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