Central Banks

ECB’s Rehn says latest core inflation data was somewhat disappointing

ECB's Rehn says latest core inflation data was somewhat disappointing

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Comments by ECB member Olli Rehn ECB policy won't take into account political situations ECB should gradually move to data-dependent rate guidance ForexLive For some context, the September preliminary readings showed core inflation slowing down to +0.9% y/y from the +1.0% y/y reading in August. But that so far hasn't been enough to derail the…
RBA’s Harper says economy is getting a tailwind from lower Australian dollar

RBA's Harper says economy is getting a tailwind from lower Australian dollar

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Comments by RBA board member Ian Harper in an interview with WSJ Economy is strong Any near-term rise in interest rates would spook consumers Currently in a time of soft wages growth and falling house prices It wouldn't take much of a slowdown in consumption before it hits GDP growth There has been no growth…
New Zealand bank warn of a looming rate cut from the RBNZ

New Zealand bank warn of a looming rate cut from the RBNZ

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From ASB's weekly outlook, an interesting tidbit on the RBNZ ASB lead into the piece with this: This suggests that in NZ, inflation is slumbering rather than slain. The main question is when NZ economic growth will pick up to a level that absorbs spare capacity in the economy, creating inflation Abd then warn (bolding…
World’s largest hedge fund expects more market turbulence as economy begins to cool

World’s largest hedge fund expects more market turbulence as economy begins to cool

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Bridgewater is wary, with  co-chief investment officer Bob Prince arguing we are at a potential inflection point where the economy is moving from hot to mediocre A lot of optimism about future earnings growth has been baked into equity valuations we are clearly shifting from an era of monetary easing to monetary tightening Prince is concerned on…
PBOC sets USD/ CNY reference rate for Monday at 6.9154 (vs. Friday at 6.9120)

PBOC sets USD/ CNY reference rate for Monday at 6.9154 (vs. Friday at 6.9120)

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Over the weekend PBOC Governor Yi Gang said on the currency: On Friday CFETS set the yuan at 92.38 against its basket index From 92.35 the previous  The Bank conducts no open market operations today no reverse repos mature thus neutral  CNY set a little lower again vs. the USD. The Bank has been setting…
Weekend – PBOC Gov Yi Gang said will not use yuan devaluation in trade war

Weekend - PBOC Gov Yi Gang said will not use yuan devaluation in trade war

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do…
Weekend Kuroda comments – indicates BOJ easing to remain in place

Weekend Kuroda comments - indicates BOJ easing to remain in place

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do…
The Reserve Bank of Australia and its ‘glass half full approach’

The Reserve Bank of Australia and its 'glass half full approach'

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Here is RBC on the RBA, canvassing the positives and negatives for the Australian economy and monetary policy    Its not too bad indeed for a really brief a summary: The Reserve Bank of Australia continues to take a glass half full approach helped by solid GDP growth and declining unemployment But they admit wages…
ECB weekend comments – Villeroy says wants to keep QE options open

ECB weekend comments - Villeroy says wants to keep QE options open

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Francois Villeroy de Galhau is Governor of the Bank of France and thus a member of the European Central Bank policy board (Governing Council) Speaking over the weekend from Bali (IMF conference has been going on there)  European Central Bank should keep its policy options open Not be influenced by policy moves by the Fed expects…
JP Morgan on the Federal Reserve – ‘doing the right thing’

JP Morgan on the Federal Reserve - 'doing the right thing'

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Chair of JP Morgan Jacob Frenkel taking an opposite view of the US President Trump is opposing the Fed hiking rates, calling the bank 'crazy', loco', and says its 'going wild'. JPM chair says nah …. The fed is doing the right thing don't think it is wise or appropriate for the president or any…