Jun 16, 2015 16:32 pm UTC| Commentary
Western Union notes:A steady Canadian dollar kept within a few pennies of multi-month lows against its U.S. counterpart. Oil firmed but remained below $60, offering little support to the loonie.USD/CAD could break out of a...
Jun 16, 2015 16:32 pm UTC| Commentary
Western Union notes:Sterling flirted with one-month highs after British inflation climbed above record weak levels and the lowest since the 1960s. As expected, consumer prices rose 0.1 percent in May from a brief stint...
Jun 16, 2015 16:27 pm UTC| Commentary
Western Union notes:The euro lost some of its resilience as mounting unease over Greece helped steer nervous investors toward alternative currencies like the pound.Sterlings outperformance against the euro translated into...
BoJ likely on hold at its 18-19 Monetary Policy Meet
Jun 16, 2015 15:22 pm UTC| Commentary
The Bank of Japan (BoJ) will hold its Monetary Policy Committee meeting on 18-19 June. BofA Merrill Lynch expect it to maintain the current framework for monetary easing, including the scale of asset purchasing and the...
U.S. residential construction likely to contribute to Q2 growth at a faster pace
Jun 16, 2015 14:48 pm UTC| Commentary
U.S. housing starts fell in May, a more-than-expected 11.1% in the month, to 1,036,000 units annualized. Still, this is not a knock-me-over-with-a-feather shock given that April starts surged at their fastest pace in over...
Poor retail sales data supports the fairly bleak outlook for Brazil retail sector
Jun 16, 2015 14:26 pm UTC| Commentary
Brazil April retail sales surprised on the downside, printing at -0.4% m/m sa (-3.5% y/y), and when including auto construction materials, broad retail sales fell by -0.3% m/m sa (-8.5% y/y), while expectations were for a...
U.S. housing outlook remains bright
Jun 16, 2015 14:08 pm UTC| Commentary
U.S. housing starts pulled back to 1.036 million annualized from an upwardly revised 1.165 million in April, falling shy of expectations for a more modest pullback to 1.09 million. Offsetting the disappointment, April and...
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