Oil and inflation concern for MXN while fiscal slowdown for BRL - forecasts for Latin American pairs
Dec 31, 2015 11:39 am UTC| Insights & Views
USD/MXN: We believe the peso may remain near 17.00 in the near future. Banxicos decision to initiate a rate tightening cycle was not easy. According to the statement, the main driver was to avoid additional currency...
Global economic recovery will continue to disappoint in 2016
Dec 31, 2015 10:41 am UTC| Insights & Views
The U.S. Federal Reserves rate hike showed confidence in the worlds largest economy, but spillover effects from the hike could lead to tighter credit conditions and higher debt servicing costs for emerging markets....
Additional downgrades for Brazil likely to take place in coming months
Dec 30, 2015 09:26 am UTC| Commentary
Brazil was downgraded by Fitch in mid December, following SP decision in summer. This is second agency to downgrade Brazil to below investment grade. Moodys will follow and also that additional downgrades will take...
Will EM-DM growth differential narrow further in 2016?
Dec 29, 2015 11:36 am UTC| Insights & Views
In the aftermath of the 2008-09 global financial crisis, emerging markets had gained the status as saviors of the world economy. But ever since the mid-2013 taper tantrum, the emerging markets have disappointed and there...
Will gains in mature economies offset emerging markets gloom in 2016?
Dec 28, 2015 11:34 am UTC| Insights & Views
Feds long-awaited rise in rates from zero showed confidence in the worlds largest economy, but first post-crisis rate hike is an unlikely cure for what ails the rest of the world. With exchange rates dominating the policy...
Dec 24, 2015 13:00 pm UTC| Commentary Central Banks
Last weeks the Fondeo rate 25 bps as a pre-emptive hike by Banxico to protect the MXN seems like serving the purpose at least in short run. With inflation running at historical lows and no demand pressures on...
Dec 24, 2015 11:44 am UTC| Technicals Politics
Parliamentary assembly is in adjournment until February, resulting Brazilian assets a brief halt from the political turmoil, as no traces of any developments in the process of President Rousseffs charges, House Speaker...
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