Snap elections in Greece and falling inflation expectations leaving EUR unimpressed
Aug 21, 2015 07:08 am UTC| Commentary
Greek prime minister Alexis Tsipras has called snap elections (probably for 20 September). In doing so, he is making the most of a good opportunity. The third bailout package has just been adopted by all parliaments, and...
Japan to have a significant direct effect from CNY depreciation
Aug 21, 2015 07:03 am UTC| Commentary
Japans large trade weight with China, and East Asia more broadly, implies a significant direct effect from changes in Chinas exchange rate, growth and inflation profiles. Yet, the yen is extremely undervalued...
Market doubts September hike, leading to continued USD weakness
Aug 21, 2015 06:50 am UTC| Commentary
Despite overall robust US data the USD continued to depreciate yesterday. The FOMC minutes have created too much uncertainty on the markets. By now, a majority of market participants regard a rate hike in September as...
CNY devaluation impacts on Commodity currencies
Aug 21, 2015 06:48 am UTC| Commentary
CNY depreciation also likely will accentuate weakness in commodity currencies and we forecast AUD, NZD and ZAR will depreciate 7-8% versus the USD by the middle of next year. A reduction in Chinese demand for commodities,...
Mexico inflation expectations for 2016 unlikely to change
Aug 21, 2015 06:42 am UTC| Commentary
Mexicos inflation remains at historical lows and a slower growth path implies more time for demand side pressures to arise. Therefore, Banxico will be reluctant to hike in September (considering that the probability of a...
What a weaker CNY means for FX globally
Aug 21, 2015 06:41 am UTC| Commentary
A weaker CNY versus the USD combined with risks of slower Chinese growth imply several relevant consequences for currencies globally. In a nutshell, the greatest impact is seen on emerging Asian and commodity currencies,...
Near-term risks to South African growth likely tilted to downside
Aug 21, 2015 06:37 am UTC| Commentary
Near-term risks to South Africas growth remain tilted to the downside, amid an increasingly embattled mining sector and a constrained consumer. In the mining sector, about 12% of PGM production is at risk over the next 24...
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