Reserve Bank of Australia Assistant Governor (Economic) Luci Ellis speaking on infrastructure yeah, righto then AUD not doing too much. Link to the full text:
Comments by ECB member Ewald Nowotny in Vienna Hmm, last I checked the core inflation reading for May was 1.1%. Does that regard as being ‘close to’ 2%? I’m not so sure. But considering they’re announcing the end of QE, I guess they have to talk it up.
Further comments by BOJ governor Haruhiko Kuroda on the day Nothing else from Kuroda thus far. It’s been a rather bland press conference to be honest as he mainly reiterated all the things from his previous press conferences.
Further comments by BOJ governor Kuroda The language he is presenting on the exit discussions is pretty much the same as what we heard at the last press conference. In essence, it’s not the time for the BOJ to be discussing any exit strategy and Kuroda is not going to comment on it until inflation…
BOJ governor Kuroda gives a press conference after the BOJ meeting earlier Very boring stuff by Kuroda so far, and doesn’t seem like he wants to touch anything on the change in the inflation assessment as well. This is probably going to be what she wrote I reckon, and that should keep the yen offered…
Comments by ECB member Benoit Coeure on the day I don’t think whatever Coeure has to say will matter at this point. The market has already made up its mind and Draghi’s press conference yesterday only helped to solidify that notion that the ECB is still some distance away from being firm about tightening policy…
Bundesbank releases their latest projections for the German economy Somewhat similar to what the ECB’s message was yesterday. Softer growth overall, but upgrade to the inflation forecast. Not all too surprising, at least they are coming to a realisation that the initial forecasts were a bit too optimistic.
Reserve Bank of Australia Assistant Governor (Economic) Luci Ellis Reuters with the remark, from Ellis’ Q&A mmmm. Ok then, just be aware valuations are quite high. And if rates do rise …. it has happened …. well, you know …. by all means hope for the best, but remember to plan for the worst.
RBA communications “have turned more cautious since early May” More … Lacklustre China data Weak Australian data
Onshore yuan reference rate, huge drop for the CNY against the USD today – to its weakest since mid-January this year People’s Bank of China mid rate reflecting the big USD move overnight, or maybe its just a Robbie Williams to the Tariff boi? Nah …. more to come