ECB to downplay early taper talk
Apr 09, 2015 17:21 pm UTC| Commentary
The ECBs quantitative easing programme has got off to a solid start with the Bank buying the planned quantity of assets and financial markets responding positively.With the recovery seeming to gain pace, there has even...
A pre-emptive hike from Banxico can be ruled out for now
Apr 09, 2015 16:48 pm UTC| Commentary
Banxico today released the minutes of the March 26 meeting. The central bank decided to keep the reference rate unchanged at 3.00% in a unanimous vote. The board believes that the normalization of monetary policy in the US...
Strong reversal in perishable prices drives Mexico CPI higher
Apr 09, 2015 16:35 pm UTC| Commentary
Mexico CPI increased 0.41% m/m in March, driven mostly by a strong reversal in perishable prices, gasoline prices at the border and tourism services ahead of the Easter holiday. Core inflation was 0.26% m/m (Consensus:...
Apr 09, 2015 16:23 pm UTC| Commentary
Western Union:Better than expected news on Americas job market kept the door cracked to a midyear rate hike and buoyed the greenback.In a sign the U.S. economy was getting back on track, jobless claims rose by a smaller...
Apr 09, 2015 16:22 pm UTC| Commentary
Western Union:A near $1 uptick in oil to $51 lent a little support to the Canadian dollar though it was well off the late February high it had touched on Wednesday.On the eve of Canadas big jobs report, the economy let...
Apr 09, 2015 16:21 pm UTC| Commentary
Western Union:Australias juicy 2.25% yield - second best in the developed world after New Zealands 3.50% - helped the Aussie dollar notch 10-day highs against its otherwise stronger U.S. counterpart.Though comfortably...
Apr 09, 2015 16:21 pm UTC| Commentary
Western Union:Sterling had been buoyed this week by MA news related to Shells deal to buy U.K. rival BG Group for $70 billion. But Britains biggest trade deficit in seven months had the pound back under pressure as it...