Forex News
RBNZ Takes Rightful Hawkish Turn
– RBNZ sounding, looking, less relaxed – Lifting OCR track 50bps, first hike by June
Morning FX Market Commentary
USD/JPY profits from Syria-rally The developments in Syria were also the key factor for currency trading.
Morning FX Market Commentary
EUR/USD supported by positive headlines on Syria With the dollar in the defensive in the wake of a disappointing US payrolls report, EUR/USD profited from positive headlines on Syria.
Morning FX Market Commentary
Dollar digests weak payrolls rather well US payrolls disappointed markets. The dollar lost some ground against the majors, but as in other markets losses were technically not relevant.
Weekly Economic & Financial Commentary
U.S. Review Mixed Signals About Third Quarter Growth • The August employment report signaled continued modest job growth.
US August Employment Rises Modestly
* August 2013 non-farm payroll employment rose by a smaller than expected 169,000 following a downwardly revised 104,000 increase in July.
Riksbank keeps a minor easing bias
As expected the Riksbank left the repo rate unchanged today and, more importantly, kept a small short-term easing bias.
Morning FX Market Commentary
Dollar fails to profit from higher yields Yesterday, there were no big swings in EUR/USD for most of the day except for a strange uptick in EUR/USD late in the session.
Trade Balance – July 2013
The July trade balance came in at a deficit of $0.8bn, which was well below market expectations of $0.1bn surplus (CBA (f): $-0.2bn).
Morning FX Market Commentary
Dollar and sterling still well bid on strong eco data On Tuesday, sterling and the dollar trended cautiously higher.
Australia’s GDP – QII 2013
Real GDP rose by 0.6% in QII. This outcome matches that of recent quarters and was a touch higher than the consensus expectation for a 0.5% rise (CBA (f): 0.6%).
US ISM Manufacturing Index Unexpectedly Rose in August; Construction Spending Strengthened in July
● The Institute for Supply Management (ISM) manufacturing index unexpectedly inched higher in August 2013, climbing to 55.7 from 55.4 in July.