As widely expected, the Reserve Bank of New Zealand left the official cash rate (OCR) unchanged today at 2.0%. This follows last month's decision, which cut the rate by 25bps from 2.25% to 2.0% because growth and inflation remained on the downside. The Bank's Tone The bank showed a somewhat dovish tone (negative) towards local and global grow...
On Wednesday, the Federal Reserve announced that the federal funds target range will remain unchanged between 0.25% and 0.5% after a two-day policy meeting, offering also an overview regarding March's meeting agenda. While the decision was expected on the market, interest laid in the statement itself. FOMC (Federal Open Market Committee) reitera...
Wednesday marked the release of China’s consumer prices for the month of November. Numbers came out higher than expected at 1.5% yoy (year-on-year), with a forecast of 1.4% and a previous recorded 1.3% yoy growth in October. The new information’s impact was mainly seen in the hike of healthcare demand, in the transportation services and in the p...
Compared to the commodities market, the forex market was more relaxed with fewer spikes. The dollar had a tranquil flow yesterday, with no major news with impact on the trading evolution. The Aussie profited from this, with a hike over 0.7440 but a short recovery after, with the release of the latest CPI and RBA’s Governor press conference. RBA ...
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