Tag Archives: RBA
Australian Markets Weekly – Little inflation risk on the horizon
The Q4 CPI on Wednesday is expected to again show modest price pressures, with the underlying rate forecast to rise 0.6% (2.3%yoy) and the headline rate 0.5% (2.4%yoy).
Daily FX Wrap and Strategy
The NZD/USD sits a little higher at 0.8350 this morning,having touched as low as 0.8300 overnight.The biggest event locally over the past 24-hours was therelease of the disappointing AU employment reportyesterday afternoon.
AUD: Interest rate differentials, or just interest rates?
Interest rate differentials are widely seen as an important driver of currencypairs. By way of example, AUD/USD moved in line with short-end interest ratedifferentials from mid-2011 to around mid-2012 (see Figure 1).
Australia in 2014 – risks & issues
A degree of caution remains evident in forecasts for 2014. The general theme across a range of forecasters is that the Australian economy will continue to run a little below trend.
RBA Board Minutes – December 2013
The RBA Board minutes contained little new insights into the RBA’s perception of domestic and global conditions. Thecentral bank’s easing bias remains intact and they are ready to cut the cash rate further “should that be appropriate”.
Daily FX Wrap and Strategy
Local markets will open to familiar levels for the NZD/USD, at 0.8240 this morning, after traversing inside a 0.8225/0.8325 range in offshore markets.
The Global Macro Pulse
The dollar was stable against the EUR in Asia at 1.3536, but has rallied against most other currencies. AUDUSD has fallen to 0.9067 and USDJPY has risen to 103.34.
GDP Preview – QIII 2013
The run of QIII data releases is approaching a peak, with the GDP data due tomorrow. Based on the data flow to date, weexpect real QIII GDP growth to print at 0.8% in the quarter.
RBA Board Meeting – December 2013
After cutting the cash rate in December 2011 & 2012 the RBA declined to make it a hat-trick and deliver a pre-Christmas rate cut in2013.
Daily FX Wrap and Strategy
This will be my last BNZ Markets Wrap & Strategy. Thanks for your interest and readership and over the past few years. All the best, Mike.
The Week Ahead in FX
In the week ahead, investors will be focusing on Friday’s U.S. nonfarm payrolls report for November, amid expectations that the Federal Reserve will start to