Forex News

ECB Draghi: EMU Economic Recovery Faces Downside Risks

European Central Bank President Mario Draghi warned Monday that growth and

No change in rates from Norges Bank. No more chance of a cut short term

Only words, no action, as expected. CHF clearly overvalued.

Overall, today’s soft inflation data support the Fed’s view that substantial slack still remains in the economy.

A third hawk among the BoE’s MPC members did not appear in September, in line with our expectation.

CPI came in at 0.4% m/m in August reducing the year on year figure by 0.1% point to 1.5% y/y.

The pair opened at $1.2940 this morning in Asia, after rising as high as $1.2980 during yesterday’s Asian session.

The manufacturing sector experienced its strongest level of activity for five months,

The RBNZ has reinforced it is on hold with no hurry to lift interest rates in the near future.

All three policy rates cut by 10bp. More information during the press conference

Core rate up (no typo) to 0.9%

Retail sales surprised on the downside, but will probably not be given too much weight.