Mar 09, 2015 15:19 pm UTC| Commentary
Quotes from Western Union:- The strong US Dollar, weaker Chinese imports domestic factors sent the Brazilian Real to fresh lows over the 3.00 level, which have not been seen since June 2004.- Spiraling inflation which...
Mar 09, 2015 15:18 pm UTC| Commentary
Quotes from Western Union:- The Mexican pesos deep dive last week has forced the Mexican central bank to auction at 200 million or shore up the beleaguered currency which traded close to the financial crisis highs last...
Mar 09, 2015 15:15 pm UTC| Commentary
Quotes from Western Union:- The Canadian Dollar traded weaker in early morning trade tracking the fall of 1.4% in crude oil on comments from OPEC Secretary-General that OPEC should not subsidize high cost shale oil...
Mar 09, 2015 15:14 pm UTC| Commentary
Quotes from Western Union:- The Euro bounced off lows not traded since Sept 2003 on account of profit taking in late European trading. Strong payroll numbered on Friday increased the chances of a rate hike in Q3 this year...
Housing market will weigh on Canadian real GDP growth in Q1 2015
Mar 09, 2015 14:59 pm UTC| Commentary
Canadian housing starts declined sharply in Feb, falling 16.4% m/m to 156K units, the largest decline since March 2014. On a yoy basis, the picture was even more dire, with housing starts declining 18.8% over year-ago...
Canadian homebuilding activity remains stable and in-line with fundamentals
Mar 09, 2015 14:21 pm UTC| Commentary
Canadian housing starts fell sharply to 156,300 annualized units in February, well below expectations and down from 187,000 in the prior month (revised down very slightly).Declines were broad based across much of the...
CNH liquidity to stay tight near term
Mar 09, 2015 13:05 pm UTC| Commentary
CNH rates have hovered around historically high levels in recent weeks, and showed little signs of easing after the PBoCs 25bps policy rate cut on 28 February.Liquidity tightness in the CNH market is expected to persist in...