Tag Archives: RBA
Muted Response Likely to Wednesday’s Dollar Bloc Events
The main events this week in the peripheral dollar bloc both happen on Wednesday. First is the Australian Q3 CPI data.
Australian Markets Weekly
The AUD The Aussie dollar more than held its ground during the US fiscal impasse and it has strengthened even further since the deal was done.
Daily FX Wrap and Strategy
The NZD/USD is once again paying for the US’s sins with a collapse in the USD propelling the NZD/USD to fresh 5-month highs above 0.8520 overnight.
FX Daily Strategist: Europe
A step back from the brink, but any deal will still need approval Risk sentiment is trading on stronger footing following headlines that Senate leaders were ‘making progress’ towards a deal with the
RBA Board Minutes – The RBA retain a mild easing bias
* The RBA retain a mild easing bias. But comments in general were evenly balanced.
FX Daily Strategist: Europe
USD on a stronger footing, but market anxiety likely to build as we head into next week The USD is trading on a stronger footing following the release of the minutes to the September FOMC meeting and onexpectations of negotiations starting to get under way in Washington.
FX Comment: blind spot
“Two things are infinite: the universe and human stupidity; and I’m not sure about the universe.” – A. Einstein
FX Daily Strategist: US
UK manufacturing PMI disappoints – scope for GBP to decline on further pull back in data UK PMI manufacturing printed below expectations at 56.7 vs 57.5 (prior: 57.2) this morning.
FX Daily Strategist: Europe
Political gridlock results in partial government shutdown The government appears to be entering into partial government shutdown mode for the first time in 17 years following a failure of Congress to provide a resolution.
RBA leave Cash rate unchanged at 2.50% as widely expected
This morning the RBA decided to leave the Cash rate unchanged at 2.5% in line with expectations. The statement was almost identical with the one from the previous meeting in September.
Focusing On RBA’s AUD Rhetoric
The RBA is almost universally expected to leave the cash rate unchanged following its Board meeting on Tuesday.
US Morning Update
Major Overnight Headlines • UK Index of Services up 0.5% on a 3m/3m basis (0.6% expected); YoY growth in finance services still negative