RBA December minutes: Upside inflation risks had diminished
I posted a recap of this meeting as a bit of a preview of this. Its here: RBA’s (slightly) softened tone Headlines via Reuters: Policy needed to be “sufficiently restrictive”…
Read More »Japanese Yen retains intraday negative bias amid doubts over BoJ’s rate-hike plan
The Japanese Yen (JPY) kicks off the new week on a softer note and remains within striking distance of a five-month low touched against its American counterpart on Friday.
Read More »Spain Q3 final GDP +0.8% vs +0.8% q/q prelim
Prior +0.8% GDP +3.3% vs +3.4% y/y prelim Prior +3.2% No change to the quarterly estimate as the Spanish economy remains one of the few bright spots in Europe, especially…
Read More »Australian Dollar appreciates as US Dollar remains subdued after a softer inflation report
The Australian Dollar (AUD) steadies following two days of gains on Monday as the US Dollar (USD) remains subdued following the Personal Consumption Expenditures Price Index (PCE) data from the…
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USD/JPY retreats to 156.50 after reaching multi-month highs on softer US PCE data
The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data.
Read More »ECB’s Vujcic says the Bank’s “direction is clear … further reduction of interest rates”
Boris VujÄŤić, Governor of the Croatian National Bank and European Central Bank Governing Council member spoke in an interview Saturday, confirming what we all know – more rate cuts to…
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US Dollar flirts with a break below 108.00 in the DXY after PCE print
The US Dollar (USD) is residing not far from its fresh two-year high of 108.55 that was hit during the Asian-Pacific trading session. The move was supported by rising US Treasury…
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