Forex News
Bank of Japan Needs To Add Stimulus To Keep Abenomics Moving
The Bank of Japan is expected to ease policy further by this summer to help boost the economy and pull it out of a 15-year deflation, as the effects from Prime Minister Shinzo Abe’s stimulus strategy loses momentum, a Reuters poll showed.
UK Retail Sales Drop In January After Positive Christmas Spending
Retail sales in the UK fell in January after the pre-Christmas surge in spending, figures have shown, but sales remained stronger than a year earlier.
IMF: India Need Emergency Plans For Potential Rupee Meltdowns
India should prepare a plan to respond to volatility in global currency markets that may come as the U.S. Federal Reserve reduces monetary stimulus, the International Monetary Fund staff said in a report.
QE Taper Predictable But Unavoidable
A tapering of U.S. monetary policy is both predictable and unavoidable, Angel Gurría, secretary-general at the Organisation for Economic Co-operation and Development said on Friday.
Finance Minister: Australia Economy Can Do Better
Australian Finance Minister Mathias Cormann told CNBC he was not satisfied with the performance of Australia’s economy, despite the International Monetary Fund’s recent praise of the nation’s finances.
Barclays: US Jobs Report For February
“For the February employment report, due to be released on Friday, March 7, we look for nonfarm payrolls to rise by 150k and for private payrolls to rise by 150k.
BoE Weale: On Likely Path First Rate Hike Spring Of Next Year
The most likely path for monetary policy shows the first rate hike will come in spring next year, Bank of England Monetary Policy Committee member Martin Weale tells Sky News.
ECB 2013 Income Falls, Net Profit Up On No Add’l Risk Provision
The European Central Bank’s earnings decreased in 2013, but net profit was up as the Bank ended its re-stocking of risk provisions in the past year, according to the bank’s annual accounts report released Thursday.
Consumer Inflation Kicks Off 2014 on a Soft Note
Matching 2013’s modest monthly average, headline CPI increased 0.1 percent in January, bringing the yearover- year pace up to 1.6 percent. Consumer inflation remains tame, but should trend higher this year.
Euro area: Weaker manufacturing PMI, stable services
The weaker manufacturing PMI numbers probably reflect what happened in the US and China. The numbers are not bad enough to make the ECB act.
PBOC To Allow Higher Yuan Volatility In 2014
The People’s Bank of China plans to expand the yuan’s trading band this year in an “orderly” manner as it moves toward a more convertible currency.
Economy Watch – Inflationary Sting in PPI Tail-Off
Construction sector prices are quickening. And, just as importantly, it’s inferring a lift in margins, given the construction input price index slowed to a 1.2% annual pace in Q4.