- Monday, 22 August 2016
- News
Aussie rebounding after initial negative gap
Aussie opened the session with a negative gap but managed to rebound in the course of an uneventful session. There are several fundamental factors that also helped to underpin the Aussie: the prospect of more accommodative monetary and fiscal policies is supportive of the global economic outlook, commodity prices continue to recover which benefits Australia’s terms of trade, Australia’s economy is growing at an above trend pace of 3.1% p.a. and real Australian interest rates (inflation adjusted) remain a magnet for foreign capital in the current global environment of ultra-low and negative rates.
Read more...- Friday, 22 July 2016
- News
Aussie little changed in a quiet Friday trade
There are no major data releases from Australia and USA today. The Australian dollar continues to sink, weighed down by growing bets that the Reserve Bank of Australia (RBA) will cut interest rates in less than two weeks’ time along with ongoing US dollar strength. As is the case on quiet data days, the performance of Chinese stocks, the USD/CNH and crude oil futures may also sway the Aussie.
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- Thursday, 21 July 2016
- News
ECB left interest rates unchanged
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases. Regarding non-standard monetary policy measures, the Governing Council confirms that the monthly asset purchases of €80 billion are intended to run until the end of March 2017, or beyond, if necessary, and in any case until it sees a sustained adjustment in the path of inflation consistent with its inflation aim.
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- Thursday, 14 July 2016
- News
BoE unexpectedly left interest rates unchanged
The Bank of England kept interest rates unchanged on Thursday, wrong-footing many investors who had expected the first cut in more than seven years as Britain's economy reels from last month's Brexit vote. The Bank said it was likely to deliver stimulus in three weeks' time, possibly as a "package of measures" once it has assessed how the June 23 referendum decision to leave the European Union has affected the economy.
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