Tag Archives: RBA
Daily FX Update
Markets are relatively quiet into the NA open; with the USD generally stronger, equities slightly higher and the US 10‐year at 2.65%. At 8:45am EST, Chair Yellen delivers opening
RBA confirms “neutral bias” and “period of stability in rates”
The April Board minutes contained few surprises for the markets. The markets are not pricing in a full rate hike until mid-2015.
Daily FX Wrap and Strategy
The NZD has traded between 0.8630 and 0.8690 over thepast 24-hours, sitting at 0.8670 this morning.The NZD absorbed yet another strong domestic data pointyesterday.
Australian Markets Weekly
Wasn’t 2014 meant to be the year of the falling $A? We expect it still will be and our FX Strategy team are not rushing to change their forecast for $A to be US 84 cents by end of 2014 and US 80 cents by end of 2015.
Daily FX Wrap and Strategy
The NZD held on to close Friday perched atop the G10leader board against the USD, inching 0.1% higher to0.8688.Friday’s CFTC positioning data showed that net longpositions for the NZD rose to 19.8k,
G20 Communique Renews ‘Cooperation’ Pledge In Softer Language
Finance ministers and central bank governors of the Group of 20 Nations gave another nod toward “cooperation” in pursuit of stronger global economic growth Friday,
Where is the RBA’s pressure point on the AUD?
We noted in a Dataflash last week that the RBA tweaked its rhetoric on theexchange rate in the statement issued after the April board meeting.
Daily FX Update
Markets are adding to risk as Asian and European data suggest that global growth trends are improving, albeit slowly. The USD is mixed; with softness in those currencies who had disappointing domestic events
US Morning Update
Judging by the G10 ranges during the London morning, turnover has probably been quite low ahead of more important data and events as the week moves forward from here.
The Global Macro Pulse
Among the majors, AUDUSD rose to a high of 0.9304 before easing off to 0.9267 after the RBA statement (see below).
RBA Keeps Rate Unchanged; Confident On Growth Despite High AUD
The Reserve Bank of Australia left its cash rate unchanged on Tuesday as widely expected and again said that the exchange rate remains high by historical standards.
RBA Board Meeting – no change to rates or guidance in April
There was no April Fools’ “surprise” from the RBA. The decision to leave the cash rate unchanged at 2½% was universallyexpected. Nor was there any shift in the RBA’s forward guidance pointing to