monetary policy

The Reserve Bank of Australia released its monthly meeting minutes for the monetary policy held earlier in July. The markets did not react much to the minutes which were seen as being largely positive. Two weeks after the RBA left…
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The Aussie and the Kiwi currencies were the worst performing last week led by the Yuan devaluation which dragged down with it most of the other Asian currencies as well. For the week, the Kiwi lost close to -1.31% followed by the Aussie…
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The Australian dollar emerged on the top of the list this week gaining over 1.67% for the week beating all its peers. With the exception of the unemployment rate ticking higher for the month, retail sales beat expectations and the Aussie…
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The British Pound closed the week on a bullish note gaining 0.7% for the week. The bullish strength in the British Pound comes as speculators start to position themselves for the month ahead as the BoE has been starting to turn hawkish as…
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The currency and fixed income markets (and perhaps the equity markets too) will be keenly following the FOMC's statement later today as the Fed concludes its two-day policy setting meeting. Although not much is expected to be revealed at…
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The Euro single currency emerged on the top last week as the risks of the Greek debt crisis showed signs of abating. Despite a shift to fundamentals, which should have seen the Euro weaken, the single currency managed to gain 1.37% for the…
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The Reserve Bank of New Zealand in its July monetary policy meeting decided to cut interest rates by 25 basis points, bringing the overnight cash rate from 3.25% to 3%. The move was widely expected and was in fact priced in since the last…
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The British Pound Sterling emerged on the top last week, gaining 0.55% for the week. Despite a few hiccups in the economic data such as weaker than expected average earnings index and a relatively flat CPI numbers, the GBP got a boost as…
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The Bank of Canada meets later this evening during the US trading session and is expected to release its monetary policy statement at 1400 GMT. On the table is the speculation whether the Bank of Canada will deliver another rate or if it…
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