Reason number 1 is not unique to the RBA, sticky high inflation as confirmed by the most recent data:The Wall Street Journal has a nice piece up dissecting the (ugly) data and on implications for the RBA. But it's the final part of the article that hits the home run...
AUD/USD jumped above 0.6500 on higher than forecast inflation data for Q1 of 2024
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Australian Q1 CPI +1.0% q/q (expected 0.8%) 3.6% y/y (expected 3.4%)
AUD has jumped on the higher than expected inflation figures. The results are also just above RBA forecasts,This is a nail in the coffin of 2024 rate cuts from the Reserve Bank of Australia.Hiher than expected headline and core (trimmed mean) inflation data from...
US Senate passes US$95bn aid bill for Ukraine, Israel, Taiwan
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PBOC sets USD/ CNY mid-point today at 7.1048 (vs. estimate at 7.2363)
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Under half of analysts expect a BoE rate cut in June
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About 70% of companies in Japan will implement pay-scale increases in fiscal 2024
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Bank of Japan meeting this week – preview
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PBOC is expected to set the USD/CNY reference rate at 7.2363 – Reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate...
Trump advisers are planning US dollar devaluation if he gets elected
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Japan data – March Services PPI 2.3% y/y (prior +2.1%)
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JP Morgan’s Pinto doubts the Federal Reserve will be cutting rates this year
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US authorities express elevated fears about a terrorist attack like that seen in Russia
FBI Director Christopher Wray spoke with US media, NBC Nightly News, on Tuesday:said there are also elevated fears about a coordinated terror attack in a public place, a prospect that for the last decade has been seen by intelligence officials as extremely remote. “We...
New Zealand March trade balance +588mn (prior -218mn)
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HSBC bearish GBP/CHF, target is 1.1
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UBS is dialling back plans in China – high costs, poor profit outlook
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US SEC is unlikely to approve spot ETH ETFs in May – price to rise regardless
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Goldman Sachs on 2024: expects earnings, equities to rise, inflation & rates to fall
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Oil – private survey of inventory shows a draw vs. the build that was expected
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Forexlive Americas FX news wrap: Softer PMI weighs on US dollar
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