Forex News
RBA Keeps Rate Unchanged; Confident On Growth Despite High AUD
The Reserve Bank of Australia left its cash rate unchanged on Tuesday as widely expected and again said that the exchange rate remains high by historical standards.
RBA Board Meeting – no change to rates or guidance in April
There was no April Fools’ “surprise” from the RBA. The decision to leave the cash rate unchanged at 2½% was universallyexpected. Nor was there any shift in the RBA’s forward guidance pointing to
Dwelling prices spike in March
RP Data-Rismark report that Australian dwelling prices posted a solid rise in March following a flat outcome in February.The monthly lift in dwelling prices took annual growth to over 10%.
Norway: Retail sales still point to weak consumption growth
Retail sales were stronger than expected, but does not change our view of weak growth in consumption
ECB Weidmann: ESM Bailout Should Trigger Debt Maturity Extension
European Central Bank Governing Council member Jens Weidmann Friday suggested that automatic debt maturity extensions should be included in collective action clauses to
No Surprises in February, But…
Personal income increased 0.3 percent in February, while personal consumption expenditures printed a similar rate. Personal spending was revised down to 0.2 percent from an increase of 0.4 percent in January.
Sweden: Retail sales – positive trend extended
Retail sales have grown at a decent pace in recent months. In February, sales rose by 0.4% over the month and by 2.5% over the year, which was close to expectations.
Fed Dudley: More Bumps On Road In Emerging Markets As Fed Tapers
New York Federal Reserve Bank President William Dudley warned Thursday of “further bumps in the road” for emerging market nations as the Fed continues scaling back its monthly large-scale asset purchases,
Fed Rejects Capital Plans Of 5 Large Banks
The Federal Reserve Wednesday refused to rubber stamp the capital plans of five U.S. bank holding companies, objecting on the basis of either deficiencies in the capital planning practices of firms like Citigroup,
Sweden: Exports are slowly picking up
February trade figures came in pretty much in line with our expectations. In value terms, both exports and imports increased by 2% over the year.
RBA Financial Stability Review (FSR)– March 2014
The RBA’s semi-annual review of financial system stability (FSR) observes that global financial conditions have been broadlyfavourable over the past six months while conditions in
Fed Plosser: Rate Hikes 6 Months After QE3 End Not Automatic
There is nothing automatic about the Federal Reserve raising the federal funds rate six months after the conclusion of its large-scale asset purchases,