But don’t get to excited folks, any move is a long. long way off (summary of prepared text major points via Reuters) ES main points summary – this is more of the same as we have become accustomed to from the RBA and Lowe ,
CPI surprise sends Canadian dollar higher The Bank of Canada is going to have a tough decision at the September 5 meeting. The market is saying the chances of a hike are increasing and now sit a 33% compared to 23.5% before .
RBA assistant governor, Luci Ellis, spoke in Canberra earlier – Australian wage growth could be slower to respond to a tightening labour market – It could be a slower response than in the past ForexLive
How we celebrated On August 14, we celebrated 10 years since the start of ForexLive and the party continued throughout the week. Justin had a great annotated and chart about the moves in the euro over the past decade.
From the Wall Street Journal on Reserve Bank of Australia Governor Lowe in parliament today Said the RBA becoming increasingly uneasy about the potential for inflation to jump in the U.S., fanned by the country’s “problematic” fiscal expansion.
I posted earlier on confirmation from the Federal Reserve that Jerome Powell will be speaking at Jackson Hole Topic will be: Given the weekend is around the corner, time for a tune!
A snippet from a report on the PBOC drawing cash from the money market via open market operations – In 2017 the Bank net drained 65 bn yuan in OMOs net – YTD in 2018 the drain is 1.12 tln yuan net Deleveraging continues ….
Well under the sort of expectations I had seen In Open Market operations,130bn yuan injected for the week via open market operations ForexLive
The Bank of Japan was buying in the 1 – 3 and 3 – 5 years remaining until maturity window All done now. Its Friday, they can head off and hit the sake.
ANZ have changed their call on the Reserve Bank of New Zealand – RBNZ is on hold for the foreseeable future – Next move will not necessarily be a hike