Forex News
Morning FX Market Commentary
No additional yen weakness after Abe victory. With no important news on the agenda, EUR/USD was blocked in the lower half of the 1.31 big figure.
Morning FX Market Commentary
Sterling jumps as BoE hints at no additional bond purchases The focus of the currency markets was on Bernanke, but the moves were limited.
Morning FX Market Commentary
Dollar in the defensive ahead of Bernanke The dollar lost further ground on Tuesday as investor stayed cautious on the US currency ahead of the Testimony of Chairman Bernanke before Congress today and tomorrow.
Morning FX Market Commentary
Topside of the dollar blocked after poor retail sales. In technical trade the dollar tried a cautious rebound on Monday morning.
RBA Board Minutes – July 2013
The RBA Board clearly signals that it is still mulling the possibility of another cash rate cut if demand conditions warrant more stimulus.
Elevated NZD continues to weigh on headline inflation in second quarter
QII CPI inflation was close to market and RBNZ expectations, lifting 0.2% over the quarter.
RBA Minutes and NZ CPI the Morning Focus
No dramatic market moves overnight US stocks and bond prices are modestly firmer following a mixed set of US economic releases and
Business Inventories Tick Up in May
Business inventories rose 0.1 percent in May as rising retail stocks offset a decline at wholesalers.
Retail Sales Softer Than Expected In June
Retail sales rose a modest 0.4 percent in June on the heels of a downwardly revised 0.5 percent gain in May.
Morning FX Market Commentary
Dollar enters calmer waters after post-Bernanke sell-off. On Friday, EUR/USD hovered in the 1.30 big figure. The dollar was not able to start a big comeback.
China: Q2 GDP slowdown to prompt modest policy easing
GDP growth slows to 7.5% yoy, down from 7.7% in Q1, but broadly in line with (a few) consensus estimates of 7.5-7.6%.
China Q2 GDP – short-term pain for long-term gain
The Chinese economy lost speed further in Q2 and grew by a mere 7.5% y/y, in line with market consensus and slightly above our forecast of 7.4%.