Apr 07, 2015 17:10 pm UTC| Commentary
Western Union:The Aussie buck soared to late March highs above $0.7700 against its U.S. counterpart after the RBA concluded its monthly meeting with no change to its 2.25 percent cash rate.Roughly 70 percent of the market...
Bar for Danmarks Nationalbank action higher than it has been historically
Apr 07, 2015 16:04 pm UTC| Commentary
In March the FX reserve was DKK737.1bn which was DKK0.1bn higher than in February and Danmarks Nationalbank (DN) did not intervene in the FX market.Lack of intervention indicates that the bar for DN action is higher than...
CFTC Speculators FX Positioning as at 31 March, 2015
Apr 07, 2015 11:50 am UTC| Commentary
Following the sharp fall to 71,227 from 79,726, USD longs increased modestly to 73,143 in the week ending March 31. This is still well below the year-to-date high at 81,270 set in the first week of March before positive...
RBA's clear easing bias remains in place
Apr 07, 2015 11:45 am UTC| Commentary
The RBAs statement explaining the rate decision retained the language that points to the likelihood of further monetary easing. For one, "...the Board judged that it was appropriate to hold interest rates steady for the...
EUR losing its reserve status; ECB likely to extend easing
Apr 07, 2015 08:49 am UTC| Commentary
IMF COFER data released last week shows a further drop in official foreign reserves allocated in euro in Q4 2014. Since the euro crisis, the currency has been losing some of its reserve status and reserve managers have...
Reserve Bank of India's rate cutting cycle not over yet
Apr 07, 2015 06:32 am UTC| Commentary
RBI opted not to follow up on Marchs unscheduled rate cut in todays policy review, with the repo and the reverse repo rates being kept on hold at 7.50% and 6.50% respectively. But this is likely a temporary pause, and that...
RBA likely to cut rate by 25bps in May meeting
Apr 07, 2015 06:25 am UTC| Commentary
The Reserve Bank Board decided to hold rates steady at 2.25% at their April meeting. There were no significant changes in the wording of the Governors statement from the statement released following the March meeting. The...
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