UK CPI misses forecasts, unexpectedly slows to 0.3% in April
May 17, 2016 15:07 pm UTC| Commentary
According to the Office for National Statistics (ONS), UKs inflation rate fell to 0.3% in April, from Marchs rate of 0.5%. UK inflation drops for the 1st time since September, misses 0.5% pace forecast by economists. Data...
New Zealand 2-year inflation expectations edge slightly higher in latest RBNZ survey
May 17, 2016 14:29 pm UTC| Commentary
Inflation expectation, as measured by the RBNZs two year ahead measure, were virtually unchanged in Q2. The two year head measure nudged up just slightly to 1.64% from 1.63% in the previous quarter. There was also some...
Australia Q1 Wage Price Index gains attention, dips could raise the odds of an August cut
May 17, 2016 14:03 pm UTC| Commentary
RBAs May Minutes were released today and they reveal no sense of urgency for the Bank to cut rates. Minutes revealed that members discussed the merits of leaving interest rates on hold but decided on balance that a cut...
Currency snapshot (major pairs)
May 17, 2016 14:03 pm UTC| Commentary
Dollar index trading at 94.43 (-0.11%) Strength meter (today so far) Euro +0.21%, Franc +0.14%, Yen +0.04%, GBP +0.07% Strength meter (since last week) Euro +0.33%, Franc -0.35%, Yen -0.45%, GBP +0.67% EUR/USD...
Currency snapshot (commodity pairs)
May 17, 2016 13:48 pm UTC| Commentary
Dollar index trading at 94.44 (-0.1%) Strength meter (today so far) Aussie +0.64%, Kiwi +0.27%, Loonie -0.26% Strength meter (since last week) Aussie +0.88%, Kiwi +0.64%, Loonie -0.05% AUD/USD Trading at...
Canadian bonds tad up on weak manufacturing sales, likely to slump on firm crude
May 17, 2016 13:33 pm UTC| Commentary
The Canadian long-term bonds traded modestly firmer on Tuesday after reading weak March manufacturing sales. Moreover, bond prices are likely to be ruled by the movements in global crude oil. The yield on the benchmark...
RBA minutes lack explicit easing bias, but extent of infation downgrades keep alive rate cut bets
May 17, 2016 13:31 pm UTC| Commentary Central Banks
Minutes of the RBA May 3rd policy meet definitely lack explicit easing bias. Minutes reveal no sense of urgency for the Bank to cut rates, the Bank debating the merits of cutting or awaiting further information. Hence a...
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