RBA Acknowledges Stronger AUD but Not Overly Concerned Yet - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the Australian dollar has weakened modestly in the Asian trading session undermined early this week by renewed weakness in commodity prices...
For Kiwi, Focus Is on Dairy Auctions Today New Zealand Dollar, riding on weaker Dollar and recent improved sentiments towards commodities broken above a key resistance around 0.69 area. However that break has so far been short lived as Dollar has snapped back its loss broad based...
FXWIREPRO: NZ IRS Yields Indicate RBNZ to Go Below Existing OCR NZD continues to trade well – in trade-weighted terms, it is at a 6m high. RBNZ has been puzzling in recent monetary policies...
NZD/USD Boosted by US Dollar Weakness – Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD broke above its six-month old trading range recently, following a dovish speech by Fed Chair Yellen. Key Quotes “The break above 0.6900 technically signals a move to at least 0...
Fed’s Evans: Two Rate Hikes This Year will be "Appropriate" Speaking in Hong Kong, Chicago Fed President Evans commented on the Fed’s interest rates outlook. Key Quotes: Too early to tell if inflation rebound is sustained Fed rate path will depend on economic data...
Fed Minutes Likely to Echo Dovish Tone of Meeting - BNPP Research Team at BNP Paribas, suggests that the US front-end yields and the USD have failed to capitalise on the stronger than expected US data on Friday...
AUD/USD Jolts Higher to 0.7630, RBA Keeps Rates On-Hold The AUD/USD pair reversed losses and jumped back on the bids after the RBA decided to keep its official cash rate unchanged at a record low of 2.0% at its policy meeting today...
RBA Keeps Rate Unchanged, AUD May Complicate Adjustment in Economy As widely expected, the Reserve Bank of Australia left the official interest rate unchanged at 2%, noting that at today's meeting, the Board judged that there were reasonable prospects for continued growth in the economy, with inf...
USD: Near Term Outlook Looks Very Bleak - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the near term USD outlook looks very bleak, as the full import of Chair Yellen’s decidedly dovish tone continues to reverberate the USD could see another 2-3% USD downside from curren...
BOJ’s Kuroda: Yen Rises had Negative Effect on Big Manufacturers' Sentiment More headlines flowing in from the BOJ Chief Kuroda via Reuters, as he comments on the Yen and overall Japanese economic growth...
BOJ's Kuroda: Watching Forex Moves Carefully BOJ (Bank Of Japan) Governor Kuroda is crossing the wires, speaking in parliament, noting that they are watching forex moves carefully but monetary policy doesn't directly target forex, adding that it is desirable for forex to move in way reflecting fu...
America's "exorbitant privilege" of being able to pay its bills in the currency it prints at a zero marginal cost has been a matter of great controversy ever since the term was coined in the mid-1960s by the former French President Valéry Giscard d'Estaing, who was serving as a young finance mini...
Citigroup Inc., the world’s biggest currency trader, says it’s “too soon” to buy the U.S. dollar after it slumped to a nine-month low and economic data came in stronger than forecast. A gauge of the dollar was little changed Monday after dropping 1...
RBA Rate Hike Possible as AUD Appreciates Significantly Since Mid-January The Australian dollar came under pressure today morning after Australia recorded weak retail data. This is expected to reflect concerns regarding the rate decision, according to Commerzbank...
Here’s why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold’s biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago...
USD Longs Cut Again, CAD Shorts Fall – Nomura David Wagner, Research Analyst at Nomura, suggests that according to the IMM data for the week ended March 29, non-commercial accounts continued to sell USD to the tune of -$1.5bn, bringing positioning in USD to $7.4bn...
GBP: Low Turnout will Increase Brexit Risk - MUFG Lee Hardman, Currency Analyst at MUFG, notes that the pound is continuing to weaken and becoming more volatile ahead of the EU referendum on the 23rd June...
Poor Australia Retail Sales Data Fuels Rba Rate Cut Bets Australian retail sales data disappointed for the third consecutive month and momentum has clearly slowed in the past three months. Data released earlier today showed Australia's Feb retail sales came at 0.0% m/m missing expectations for 0...
UK: Sterling Storms and Fat Tails – Deutsche Bank Research Team at Deutsche Bank, suggests that with the UK’s referendum on EU membership approaching on the 23rd June, short-end GBP vol has risen dramatically...
