Tag Archives: RBA
RBA confirms shift to neutral policy bias
The RBA signalled its shift to a neutral policy stance after the 4 February Board meeting. So the main task for today’sStatement on Monetary Policy (SMP) was to flesh out the thinking behind that shift.
The Global Macro Pulse
FX price action has diverged from equities. AUDUSD has rallied 1.5% from its Asia open in response to the shift by the RBA to neutral from a bias to ease.
RBA Board Meeting – February 2014
In a nutshell, today’s RBA accompanying statement to the rates decision reveals that since the last Board meeting inDecember, both the global and local growth outlooks have improved and local inflation risks have moved higher.
RBA Keeps Rate Unchanged But Signals Shift To Neutral Stance
The Reserve Bank of Australia left its cash rate unchanged on Tuesday as widely expected and shifted its bias to a more neutral stance by saying monetary policy is appropriately configured and
Daily FX Wrap and Strategy
The NZD/USD has traded a path between 0.8090 and0.8135 over the past 24-hours, sitting at 0.8110 at present. There was a reasonable amount of volatility in theNZD/USD overnight as it was tossed around by
The Global Macro Pulse
The dollar has nudged stronger in Asia. USDJPY is up at 102.37 and AUDUSD is a bit lower at 0.8750. EURUSD has chopped around 1.3486 for most of the Asian morning.
Daily FX Wrap and Strategy
The NZD/USD sits a little lower, at 0.8080, this morning.With its epicentre on emerging markets, risk aversioncontinued to impact on markets on Friday night.
The Week Ahead in FX
In the week ahead, investors will be keenly anticipating Friday’s U.S. nonfarm payrolls report for January after December’s report showed that the economy added far fewer jobs than expected.
US Morning Update
For the first time in at least a week, and possibly a bit longer, USDCAD participants are not really watching Canadian macro factors.
FX: safe haven, anyone?
The “risky” currencies can no longer blame the “taper”, as the “safe haven” currencies struggle to be less safe…Inflation focus this week.
Daily FX Wrap and Strategy
Good morning all and once again the open has the NZD trading marginally above the 0.8300 level. With understandably greater focus on the performance of the
The Global Macro Pulse
AUD has been the big mover so far, rallying 0.7% to 0.886 following a much stronger than expected inflation report. This pushed AUDNZD higher to 1.0656.