Loretta Mester, President of the Federal Reserve Bank of Cleveland is speaking on her outlook for the economy and monetary policy From a following Q&A
I posted previews of the Reserve Bank of New Zealand due today here earlier: Long story short – they will be on hold but are likely to be quite dovish. NZD should remain under pressure.
Esther George, President of the Federal Reserve Bank of Kansas City, speaking on the US economy – Very different economy compared with past – says she supported pause in Fed hikes to allow Fed to assess the impact of the past hikes George has, in the past, been quite the hawk.
Reserve Bank of New Zealand as expected NZD popped on the announcement. RBNZ not as dovish as it was thought they would be. Certainly not hawkish, just not as dovish as they might have been. ForexLive
Loretta Mester, President of the Federal Reserve Bank of Cleveland – Getting close to neutral interest rate – We do not have evidence of strong inflation pressures Earlier comments from Mester:
People’s Bank of China onshore yuan reference rate Skips OMOs today – 270bn yuan in RRs mature Also, heads up … be on the lookout for a MLF today … medium-term lending facility injection
The Reserve Bank of New Zealand announcement is here NZD/USD popped just under a cent (give or take): The Reserve Bank of New Zealand was not as dovish with their statement as it was though they might be. Short covering for the NZ dollar drove it up.
The news from the Reserve Bank of New Zealand so far; And, for the NZD; Governor Orr’s news conference is at 0200GMT () live link More not quite as dovish commentary to come?
Reserve Bank of New Zealand governor Adrian Orr The news from the Reserve Bank of New Zealand so far; And, for the NZD;Comments to come, live link is here
An official from the ratings agency Moody’s on the Bank of Japan, and Japan more generally: ForexLive