Australian building approvals pull-back seems inevitable

Mar 31, 2015 07:13 am UTC| Commentary

Australian building approvals have surprised median expectations for four months on the trot, and by a truly remarkable margin in January (median -2.0%, actual +7.9%).This left total approvals at a new all-time high (since...

Oil is a key risk to MXN sentiment

Mar 31, 2015 07:04 am UTC| Commentary

Investors cited lower oil prices as the main downside risk to the MXN, although the majority expect crude to end the year close to current levels.Some investors see the volatility of oil as more important than price in...

USD-MXN: Is Banxico poised to challenge the rally?

Mar 31, 2015 07:02 am UTC| Commentary

Cautious optimism on Mexicos economic outlook was echoed by investors views on the MXN. Most expect USD-MXN to end the year in a 15.00-15.25 range, although views diverge on the potential for the high (15.6679) to be...

South Korea's Exports and imports growth will continue to slow

Mar 31, 2015 06:56 am UTC| Commentary

Interim trade data until 20 March suggested that the slowdown in South Koreas export and import growth would continue in March. The exports are likely to rise from $41.5bn in February to $47.5bn in March, and imports to...

South Korea's headline and core inflation probably declined further in March

Mar 31, 2015 06:39 am UTC| Commentary

South Koreas Year-on-year inflation in both headline and core CPI is likely to have declined further in March, which would continue to support market participants concerns about deflation.Retail oil prices rose rather...

Chile Unemployment rate likely rose to 6.4% in February

Mar 31, 2015 06:26 am UTC| Commentary

In January, the unemployment rate rose - although modestly - for the first time in five months to 6.2% (6.15% unrounded).However, this rise was less than expected and was entirely due to the base effect. Both labour force...

UK current account narrows on improving trade account

Mar 31, 2015 06:18 am UTC| Commentary

The component of the UK current account that has driven the blowout in the balance in the last three years has been the massive deterioration in the net property income component. This is the return on UK investment abroad...