Edit

Emerging Markets: What has Changed

July 31, 2015
(from my colleague Dr. Win Thin)
1) S&P revised Brazil’s BBB- rating from stable to negative
2) Banco de Mexico announced changes to its FX intervention program, which had been rumored since last week
3) The Russian central bank has halted its daily USD purchases and slowed its pace of easing
4) Turkey finally engaged the international communi…
Emerging Markets: What has Changed Emerging Markets:  What has Changed Reviewed by Marc Chandler on July 31, 2015 Rating: 5
Edit

Don't Exaggerate Significance of SNB's Loss

July 31, 2015
Earlier today the Swiss National Bank reported a record CHF50.1 bln loss. It has got the chins wagging, but the real implications are minor.  The losses are not realized and are unlikely to be repeated.  In fact, if the SNB's report had covered the month of July, the loss would likely have been smaller.  
More of the SNB's loss stemmed from…
Don't Exaggerate Significance of SNB's Loss Don't Exaggerate Significance of SNB's Loss Reviewed by Marc Chandler on July 31, 2015 Rating: 5
Edit

8 Things to Know Before the Weekend

July 31, 2015
The US dollar is mostly firmer, with the dollar-bloc under-performing.  Month-end flows appear to be favoring the euro though the Swiss franc is also firmer.  While the dollar is within yesterday's ranges against the euro and yen, it is firmer against sterling for the third consecutive session.     Asian stocks and bonds were mostly higher tho…
8 Things to Know Before the Weekend 8 Things to Know Before the Weekend Reviewed by Marc Chandler on July 31, 2015 Rating: 5
Edit

Could the Greek Government Collapse this Weekend?

July 30, 2015
The capitulation of Greek Prime Minister Tsipras to the demands of the official creditors has split the Syriza coalition.  About a quarter of the party refused to make the apparent U-turn with the Prime Minister.  Those that were part of the cabinet have been replaced.  However, they retain their seats in parliament, and apparently obstructing the…
Could the Greek Government Collapse this Weekend? Could the Greek Government Collapse this Weekend?  Reviewed by Marc Chandler on July 30, 2015 Rating: 5
Powered by Blogger.