Forex News
BusinessNZ PSI for June 2013
The seasonally adjusted BNZ – BusinessNZ Performance of Service Index (PSI) for June stood at 55.0. Although this was down 1 point from May,
Producer Prices Pick Up in June
Primarily led by a solid gain in energy, producer prices increased for the second straight month in June, up 0.8 percent.
FX Daily
Market movers today • In the US several FOMC members are scheduled to speak and they might add something to Bernanke’s recent dovish comments.
Housing Finance – May 2013
Total lending activity continues to edge higher. The1.8% increase in the number of loans financed to owner-occupiers was just under market expectations of a 2.2% lift (CBA (f): +2.3).
Import Prices Fall in June on Lower Nonfuel Prices
Import prices fell 0.2 percent in June as broad price declines in nonfuel imports outweighed an uptick in fuel prices.
Asian FX Update
The notion of a September taper now seems to be taking a hit following both the Fed minutes and subsequent Bernanke speech,
Japan GDP forecast update: We have revised up sharply to 4.7% q/q saar for Q2, down for FY14
We have sharply revised up our Q2 real GDP growth forecast (data release: 12 August) to 1.1% q/q (4.7% saar) from 0.8% (3.3%), primarily reflecting:
Labour Force – June 2013
June’s 10.3k increase in jobs was larger than market expectations, which centred on a flat outcome {CBA (f) +10k}.
Australia’s Unemployment jumps in June
Australian economy noticed more-than-estimated incline in the nation’s unemployment rate,
Brazil Economics Digest
BRL depreciation and higher-than-expected inflation in 1H point to deterioration in inflation outlook.
Manufacturing Safety in Numbers
The BNZ-BusinessNZ seasonally adjusted PMI for June stood at 54.7, which was 4.3 points lower than May, but still in solid expansionary mode.
FOMC Minutes: Members need more reassurance on employment before tapering QE
Many Federal Open Market Committee members said more improvement in the US labor market is required before the Central Bank would start to scale back Quantitative Easing (QE),