This is weird. I posted the RBNZ rate cut decision, it was published on time and kudos to all involved. I then tried to access the statement and meeting record on the Bank's website and, well, that wasn't smooth at all. I could access the site but the statement and...
PBOC sets USD/ CNY mid-point today at 7.1982 (vs. estimate at 7.2535)
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New Zealand dollar has surged higher after the Reserve Bank of New Zealand 50bp rate cut
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Reserve Bank of New Zealand cuts cash rate by 50bp, as expected
Reserve Bank of New Zealand In summary from the statement: The Monetary Policy Committee (MPC) has reduced the Official Cash Rate (OCR) by 50 basis points to 4.25%.Inflation: Annual inflation has decreased and is near the 1–3% target midpoint. Inflation expectations...
Revision to New Zealand data will show growth hasn’t been as weak as previously estimated
Stats NZ have released a preview od GDP revisions to be published on December 19. Westpac summary:The key points are as follows (note that slight further revisions to the numbers below are possible before their formal release): • Real GDP growth (using the...
Australian monthly CPI (October) 2.1% y/y (vs. 2.3% expected)
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Australian data – Q3 Construction Work Done +1.6% q/q vs. 0.3% expected
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PBOC is expected to set the USD/CNY reference rate at 7.2535 – 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...
Australian construction work data due at the bottom of the hour – what to expect
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Australian CPI due at the bottom of the hour – what to expect and why its not official
Snippet preview via Commonwealth Bank of Australia:We anticipate headline CPI inflation remained at 2.1%/yr in October. While a soft monthly outcome a year ago makes it hard for the annual rate to remain low, we expect a further fall in electricity prices to weigh on...
Intervention effort – South Korea pension fund selling dollars, buying won in recent weeks
South Korea's National Pension Service (NPS) has been selling dollars in the onshore foreign exchange market in recent weeks, helping limit losses in the won as the dollar strengthens. Reuters citing according to two sources familiar with the matter.As the world’s...
Trump to appoint Jamieson Greer as US trade representative
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Deutsche Bank base case is now for a higher Fed terminal rate than previously expected
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BoE Lombardelli – need more evidence of cooling price pressures before another rate cut
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Goldman Sachs predicts nearly 1% inflation increase due to new Trump tariffs
The tariffs on imports from China, Canada, and Mexico announced by Trump on Monday could lead to a nearly 1% increase in the Federal Reserve's preferred inflation measure, according to Goldman Sachs. Goldman’s chief economist, Jan Hatzius, in a note to clients:"Using...
Private survey of oil inventories shows larger headline crude draw than was expected
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Forexlive Americas FX news wrap 26 Nov. The USD moves marginally higher. Housing mixed.
Markets:Gold up $7.65 or 0.29% at $2632.30US 10-year yield 4.300%, +3.7 basis pointsUS 2-year yield 4.256%, +0.4 basis pointsWTI crude oil down $0.34 or -0.50% at $68.61S&P 500 rose 34.23 points or 0.57% at 6021.60. The S&P closed at a new record highNASDAQ...
Deutsche Bank highlights three risks to US equity market rally
Despite a strong performance this year, the stock market remains exposed to several potential challenges, Deutsche Bank noted in a report on Tuesday. While markets have experienced some volatility, they have rebounded quickly after the factors causing sell-offs eased....
ICYMI – Standard Chartered forecasts Bitcoin to US$200K
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Economic calendar in Asia Wednesday, November 27, 2024 – Reserve Bank of New Zealand day!
Previews of the Reserve Bank of New Zealand are here:2pm New Zealand time on the 27th is:0100 GMT on the 27th2000 US Eastern time on the 26th***Also on the calendar are Australian inflation data for October 2024. In Australia, the Consumer Price Index (CPI) measures...