The softer US PMI data from yesterday is still reverberating but also a much improved risk mood. Geopolitical fears have subsided since the weekend and […]
Why the stronger yuan might prompt a PBOC rate cutWhy the stronger yuan might prompt a PBOC rate cut
A piece via Reuters in brief: China does not appear ready cut rates, given unexpectedly strong Q1 growth dataChina appears reluctant to cut rates ahead […]
ForexLive Asia-Pacific FX news wrap: Higher than expected Australian CPI data, AUD upForexLive Asia-Pacific FX news wrap: Higher than expected Australian CPI data, AUD up
Why the stronger yuan might prompt a PBOC rate cutEuropean Central Bank speakers Wednesday include SchnabelAustralia- inflation a bit higher than expected, RBA on hold4 […]
4 reasons why the RBA may be the last major central bank to cut rates4 reasons why the RBA may be the last major central bank to cut rates
Reason number 1 is not unique to the RBA, sticky high inflation as confirmed by the most recent data: Australian Q1 CPI +1.0% q/q (expected […]
Australia- inflation a bit higher than expected, RBA on holdAustralia- inflation a bit higher than expected, RBA on hold
In summary from Westpac’s chief economist Luci Ellis, who was previously Assistant Governor (Economic) at the Reserve Bank of Australia: Inflation was a bit higher […]
European Central Bank speakers Wednesday include SchnabelEuropean Central Bank speakers Wednesday include Schnabel
Perhaps Schnabel will have something to say? Times below are in GMT / US Eastern time format: 0735/0335 European Central Bank board member Piero Cipollone […]
US Senate passes US$95bn aid bill for Ukraine, Israel, TaiwanUS Senate passes US$95bn aid bill for Ukraine, Israel, Taiwan
The bill to provide aid to those countries threatened by the axis of totalitarian regimes and terrorists has the votes to pass. Hat tip to […]
Australian Q1 CPI +1.0% q/q (expected 0.8%) 3.6% y/y (expected 3.4%)Australian Q1 CPI +1.0% q/q (expected 0.8%) 3.6% y/y (expected 3.4%)
AUD has jumped on the higher than expected inflation figures. The results are also just above RBA forecasts, This is a nail in the coffin […]
AUD/USD jumped above 0.6500 on higher than forecast inflation data for Q1 of 2024AUD/USD jumped above 0.6500 on higher than forecast inflation data for Q1 of 2024
Not only were the result higher than consensus forecasts they also came in higher than the RBA had been forecasting. Which is what makes RBA […]
Bank of Japan meeting this week – previewBank of Japan meeting this week – preview
Preview of the Bank of Japan meeting, via Scotia. This in summary from a much longer piece: No change in the target rate of 0.1% […]