Just a heads up for NZD traders if you see headlines re a NZ First MP to meet with Governor Orr of the Reserve Bank of New Zealand Its not about the economy nor monetary policy
Now that’s a hike In a world where central banks move in 25 basis point intervals, Argentina just hiked by 1,500 basis points. After the hike, the central bank said it won’t cut the rate until December.
Higher rates abroad mean higher rates at home The most important factor for Australian mortgage rates is where the RBA sets the official cash rate. The second most important factor is what borrowing costs are elsewhere.
Please light a candle for the Reserve Bank of Australia. Even better, send it to them: I’ll see myself out ForexLive
From ECB board member De Guindos – Eurozone recovery slowed in 2018 but from a high pace – Growth has slowed earlier than expected – Risks remain broadly balanced “In the first half of 2018, growth weakened from its very high rates of last year, partly reflecting lower exports, compounded by temporary supply-side constraints at national and…
The BOJ is at it again, making changes to its JGB-buying operations ForexLive This would have been welcome news for yen bulls but the market has come to terms that the BOJ tends to tweak the purchase amounts as and when it sees fit to stay in control of its yield curve control policy. They…
Comments by newly appointed ECB member (and Bank of Finland governor) Olli Rehn – Says that US exit from WTO would damage international order – Says that the ECB is certainly not manipulating the euro ForexLive
Comments by ECB member Ewald Nowotny – Sees no immediate risk arising from the situation in Italy – ECB should focus on getting deposit rate out of negative territory ForexLive
People’s Bank of China reference rate is the mid point for trading the onshore yuan on the session USD/CNY allowed to fluctuate plus or minus 2% from this rate
Just noting this ForexLive