Fx Primus Rebates

RBA holds interest rates at 1.50%, as expected

Highlights of the December 5 RBA decision and statement – No change, as expected by all 28 economists surveyed by Bloomberg – Says rising AUD would slow the economy and inflation No change in guidance: “Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting…

Fx Primus Rebates

Levels to watch if the RBA is hawkish

How high can AUD/USD rise? The Australian dollar has struggled for the past three months but it’s risen for three straight days in a sign of life. If the RBA hints at a better outlook for growth or inflation, then AUD/USD will almost surely rise above last week’s highs to the best since Nov 13.…

Fx Primus Rebates

Richmond Fed chooses Thomas Barkin as its new president

Replaces Jeffry Lacker who was forced to resign back in April  The Richmond Fed has chosen Thomas Barkin as its new president.  According to the report it is unsure whether he was formally approved by the Board of Governors, but it seems he will be approved (if not already).  Barkin takes over from Jeffrey Lacker…