Rosengren spoke to Bloomberg – Labor market tightness will eventually raise wages This underscores earlier today. the things he said
Comments from Rosengren in Boston – Backs at least 3 more US hikes this year – Says he’s more optimistic than already ‘quite positive’ FOMC on forecasts for growth Along with the FOMC minutes, I’m starting to think the market isn’t fully appreciating how eager the Fed is to hike. The problem is that many…
The latest Reuters polling, some sobering views for the administration and central bank in Japan Japan Fiscal year 2017 GDP forecast +1.8 pct So, GDP to slow ahead, and the BOJ to shift the goal posts on achieving the 2 percent target.
Reserve Bank of Australia Financial Stability Review – bank capital ratios close to or above “unquestionably strong” targets – risks to bank capital from past misconduct “appear limited” so far (those quick headlines are via Reuters, bolding mine )
PBOC skips OMOs again today – 4th consecutive day – keeps neutral position in OMOs (i.e. no net drain)
Earlier news (via Bloomberg) that Hong Kong Monetary Authority (HKMA) intervened in the HK dollar market Post: Intervention in the HK dollar – HKMA sells USD, defends peg
Monetary Authority of Singapore (MAS) – Says has decided to increase slightly the slope of the S$NEER policy band, from zero pct previously – The width of the policy band and the level at which it is centred will be unchanged
ECB member Jans Smets comments in Macedonia Some negative comments by Smets regarding the economy in the Eurozone. Certainly not going to help bolster the euro on the day as EUR/GBP continues to dictate the play for both the euro and the sterling.
President of the Federal Reserve Bank of Minneapolis, Neel Kashkari in a Q&A Earlier: Fed’s Kashkari: Have not seen wage growth nationally More now:
Twice a year the Reserve Bank of Australia publish its Financial Stability Review While it useful to be aware the report is coming up (due at 0130 GMT) it is unlikely to have too much of immediate AUD impact – but you never know.