RBA's Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said there's more room to ease policy than most should a serious downturn occur...
Japan Jan All Industry Activity Climbs More Than Forecast Japan's all industry activity increased at a faster-than-expected pace in January, after falling in the previous two months, figures from the Ministry of Economy, Trade and Industry showed Tuesday. The all industry activity index rose 2...
NZ Dollar Advances Most Against Majors The New Zealand dollar strengthened against most major currencies in the Asian session on Tuesday. The NZ dollar rose to a 4-day high of 75.93 against the yen, from yesterday's closing value of 75.64. Against the U.S...
RBA's Stevens: More Room to Ease Policy than Most RBA's Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said there's more room to ease policy than most should a serious downturn occur...
Renewed Euro Weakness Ahead - Westpac Sean Callow, FX Strategist at Westpac, expects renewed weakness in the shared currency, which should allow EUR/AUD for a target of 1.45...
OPEC Sees Moderate Oil Bounce Even If Iran Won't Join Freeze OPEC expects oil prices to rebound to a “moderate” level even if Iran doesn’t join other producers in an agreement to freeze production...
Dollar Drops Versus Yen Amid Skepticism of April U.S. Rate Hike The dollar halted a two-day advance against the yen as comments by Federal Reserve officials suggesting the central bank may raise interest rates as soon as next month failed to boost the greenback’s appeal. The U.S...
Asian Shares Edge Lower as Fed Rate Talk Revives Asian stocks slipped on Tuesday as hawkish comments from U.S. Federal Reserve officials clouded the monetary policy outlook less than a week after Fed Chair Janet Yellen had set out a more cautious path to interest rate increases this year...
Japan Manufacturing Sector Contracts Unexpectedly In March Japan's manufacturing activity deteriorated for the first time in eleven months in March, the latest flash survey from Markit Economics showed Tuesday. The Markit/ Nikkei Manufacturing Purchasing Managers' Index, or PMI, fell to 49...
Australian Dollar Rises Against Majors The Australian dollar strengthened against the other major currencies in the Asian session on Tuesday. The Australian dollar rose to a 4-day high of 85.10 against the yen, from yesterday's closing value of 84.82. Against the U.S...
Nikkei Rises Sharply as Dollar Gains on Hopes for Fed Rate Hike TOKYO, March 22 Japan's Nikkei share average rose sharply on Tuesday as the dollar extended its rebound against the yen after two U.S. Federal Reserve officials supported the case for an interest rate hike sooner than later...
Taiwan Jobless Rate Rises As Expected In February Taiwan's unemployment rate increased for the fourth straight month in February, in line with expectations, figures from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Tuesday...
Moody's: Credit Quality of Korean Non-Financial Corporates Stable in 2016 Moody's says the credit quality of non-financial corporates in Korea (Aa2 stable) will be stable in 2016, but that weak macroeconomic conditions will increase challenges for some sectors...
Australia Home Prices Add 0.2% In Q4 Home prices in Australia added a seasonally adjusted 0.2 percent on quarter in the fourth quarter of 2015, the Australian Bureau of Statistics said on Tuesday. That beat forecasts for a flat reading following the 2.0 percent increase in the third quarter...
AUD/USD Awaits Stevens AUD/USD is consolidated sub the 0.76 handle as the PBOC sets the USD/CNY mid -point today at 6.4971. AUD/USD been in gradual decline since losing the 0.76 handle again in the US, post a pop-up to test the 0.7620 offers in European trade...
Commodities in a Snapshot, Energy Higher - ANZ Analysts at ANZ noted the action the commodities sector overnight an that energy prices were stronger. Key Quotes: Brent prices pushed above USD41/bbl with the front month Brent-WTI price spread consistently trading above USD1.6/bbl...
Fed Speakers Flag Potential for Hikes - ANZ Analysts at ANZ explained that three Fed members (non-voters) flag potential for rate hikes. Key Quotes: "Williams: expects a rate cut in April and June if all else is equal and data flow continues the way he expects...
USD/CNY: Fix to be Higher by 91 Pips - Nomura Analysts at Nomura offered their model for the CNY fix today. Key Quotes: "Our model projects the fix to be higher by 91 pips from the previous fix (6.4915 from 6.4824) and higher by 57 pips from the previous spot USD/CNY official close 6.4858...
Central Bank Influence Waning Through Transparency, Credibility Talking Points: Relative monetary policy has proven one of the most productive and influential market moving themes Direct or implicit intervention carries market sway so far as transparency and credibility allow Where the PBoC is ve...
