Preview: RBA Interest Rate Decision: Assessing 3 Scenarios
The beginning of this week is a very important one for the Australian dollar as we anticipate the RBA interest rate decision. While the expectation is for the central bank to hold rates steady at 4.75%, extending to a full-year the amount of time
Will Bernanke Raise Forecasts? FOMC Preview
The Federal Reserve took action in the past two meetings, pledging low rates and announcing “Operation Twist. It is likely to take a break now, as conditions improve.For the first time since June, the statement will be followed by a press co
Preview: RBNZ Interest Rate Decision
The Reserve Bank of New Zealand's interest-rate decision today has been predetermined by the CPI data for the 3Q we saw earlier in the week. We should expect a rather bland, and not necessarily market moving statement from the central bank. Any s
Australia’s 3Q Core CPI Cools, RBA Scope for Lower Rates
Third-quarter consumer prices in Australia confirmed the suspicions of the central bank that inflation is proceeding at a pace that is weaker than initially expected. Weaker inflation opens up the door for an interest rate cut from the RBA before
USDINR Declines On RBI Rate Hike
Bucking the current trend of central bank sentiment in Asia, the Reserve Bank of India increased interest rates for the 13th time in almost 2 years today. Benchmark repurchase rates were hiked higher by 25 basis points to 8.5% from the previous
Australia Q3 Inflation
Tomorrow's Q3 inflation figures in Australia will be a pivotal driver for both FX and bond markets in the near-term. The market seems to be pricing in aggressive rate cuts to the tune of 60bp's over the next 9 months...
NZDUSD Drops On Lower Than Expected Inflation
The New Zealand dollar plunged by about 40 pips against the US dollar following a report that showed slower than anticipated inflation in the Pacific economy. Trading at 0.8075 prior to the survey, the NZDUSD currency pair dropped to 0.8033 foll
'Tis the Season for Rate Cuts?
Thanks to worsening global economic conditions, Brazil decided to bite the bullet and cut interest rates by another 50 basis points last week. Should the other emerging economies follow suit?
Beige Book: No Need for QE3?
Is QE3 in the pipeline already? Is the U.S. economy dipping into recession soon? Will Bernanke ever shave his beard? Let's get the lowdown on what Fed officials think about the economy by taking a peek into the most recent Beige Book report!
USDBRL Rises On Rate Cut
The USDBRL exchange rate rose during the session ahead of a widely expected rate cut by Brazil’s central bank. Jumping from intraday support at 1.7588, the USDBRL currency pair ended the session at 1.7667, or about 0.44% on the day.
Headline Annual US Inflation Approaches 4%, Core Rate at 2%
While yesterday we had a surprise upside in producer price data, today the CPI data matched expectations at least at the headline level with the core index actually up smaller than expected 0.1%. The news does not present a worrying picture aroun
UK Inflation Skyrockets, Puts Pressure On GBPUSD
The British pound took a hit early on in the session following disturbing news released by the Office for National Statistics in London. According to the statistics office, consumer inflation in the United Kingdom soared to match a record high –


