Tag Archives: RBA
RBA Board Minutes – August 2013
• The minutes indicate that the RBA cut the cash rate in August and retain a moderate easing bias.
Consumer Sentiment – August 2013
• Consumer sentiment rose by 3.5% in August to be 9.4% higher than a year ago.
Daily FX Wrap and Strategy
Over the past 24-hours the NZD/USD has traded between 0.8000 and 0.8050, sitting at the lower-end of this range at present.
FX Daily Strategist: Europe
Policy divergence should help USD in latter half of the week The USD has softened in recent weeks as the data and policy divergence theme vis-a-vis the rest of the world (RoW)
RBA Statement on Monetary Policy – August 2013
The lack of forward policy guidance following the RBA’s decision to cut interest rates on 6 August had most RBA watchers happy to sit on the sidelines and leave their rate calls unchanged.
US Morning Update
Major Overnight Headlines • BoJ on hold, Nikkei falls, JPY rises as Kuroda says will take “appropriate action” if needed,
The Global Macro Pulse
Asian equity markets have reacted poorly to the overnight drift on Wall Street and dip in USDJPY.
FX Daily Strategist: Europe
RBA sets stage for tactical AUD rally AUD may be due for a short-squeeze higher in the next one to two weeks following today’s RBA statement which came on the less dovish side compared to our expectations.
FX Daily
Market movers today • German factory orders are expected to increase after two months of decline.
RBA Board Meeting – August 2013
The decision at the RBA Board meeting to cut the cash rate by 25bpts to a new record low of 2½% was accompanied by a rare uniformity of views.
RBA to Deliver 25 Bps Cut Today; Very Much Priced In
The Australian dollar has clawed its way back above 0.89, later yesterday and again overnight.
FX Daily Strategist: US
Staying long USDCHF post-payrolls We retain our positive USD bias following from Friday’s non-farm payrolls report which we think remain consistent with our assumption of Fed tapering by year-end.