Banxico (CB) modifies meeting schedule for second-half of year
Jul 02, 2015 06:54 am UTC| Commentary
The Mexican peso outperformed most regional currencies yesterday but still ended the day losing ground vs. the USD (around 0.3%) closing at USD-MXN 15.78. Banxico (Central Bank of Mexico) announced yesterday via a press...
Bearish guidance for Turkey's June exports
Jul 02, 2015 06:48 am UTC| Commentary
Turkish Exporters Assembly own sample suggests that Turkish exports declined again by 6.4% y/y in June, but recovered from the -19% y/y of May, which had been triggered by auto sector strikes.The June data from the sample...
USD strength renews if and when the Fed lifts off
Jul 02, 2015 06:40 am UTC| Commentary
A second important macro driver in H2 should be US monetary policy, the FOMC is expected to start the lift-off in rates, most likely in September. A Fed tightening cycle should not be especially menacing for global...
US unemployment rate to sink in June
Jul 02, 2015 06:05 am UTC| Commentary
The US unemployment rate data for June is due on today.Societe Generale estimates, the unemployment rate likely to decline from 5.5% to 5.4%, which would reverse the unexpected uptick in May and put it back at the cyclical...
Australia's May retail sales growth likely to post solid trend
Jul 02, 2015 05:46 am UTC| Commentary
Australias retain sales data for May is scheduled to release on 3rd, July.Despite stagnating in April, an expansion in May retail sales is expected, but merely in line with trend at 0.3% mom (identical to the average gain...
Global agricultural prices drive Brazil's food inflation up
Jul 02, 2015 05:35 am UTC| Commentary
Inflation acceleration continued in Q2 despite the likelihood that adjustments to the prices of regulated goods and services are nearly over. The bulk of the upside surprise in May and June (based on the IPCA-15 release...
Steady progress continues in US June payrolls
Jul 02, 2015 05:18 am UTC| Commentary
The BLS is expected to report that US nonfarm payrolls expanded by 210k in June, but broadly in line with the YTD average of 217k. Although job openings rose to a new record high in April, jobless claims suggest that the...
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