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July 14, 2025 12:00 AM UTC
EMERGING ASIA
EM currencies are trading individually against the greenback as the USD chops around on Trump's last announcement of tariffs. The largest winners are THB 0.59%, followed by TWD 0.14%, CNY 0.11%, CNH 0.1%, IDR 0.06%; while the biggest losers are KRW 0.3%, INR 0.18%, MYR 0.1%, SGD 0.06% a
July 11, 2025 5:03 PM UTC
We expect Canadian GDP to see a second straight 0.1% decline in May, consistent with the preliminary estimate made with April’s report. However strong June employment growth hints that June’s preliminary estimate could be positive, we expect by 0.1%. This would leave Q2 GDP flat to marginally ne
July 11, 2025 4:48 PM UTC
Bottom Line: According to Russian Federal Statistics Service (Rosstat) data, inflation stood at 9.4% YoY in June after hitting 9.9% YoY in May, partly due to favorable base impacts, recent RUB strengthening and falling oil prices. We think the recent tariffs hike for electricity, gas, heating and w
July 11, 2025 4:00 PM UTC
We expect an unchanged ISM manufacturing index of 49.0 in July. Tariff concerns may prevent any extension of a modest June improvement, and could extend recent strength in prices paid, we expect to 71.0 from 69.7. Strength in June’s S and P manufacturing PMI, with July data due on July 24, will be
July 11, 2025 1:02 PM UTC
Canada’s June employment report with a rise of 83.1k is sharply ahead of expectations, even when noting that most of the gains came in a 69.5k rise in part time employment. The data may have been supported by a temporary easing of trade tensions that have subsequently escalated with yesterday’s