Powell takes questions from the Senate For bank trade ideas, check out eFX Plus
Blogs
Powell: Significant uncertainty on timing and strength of recovery
Powell's prepared testimony to the Senate There's nothing new here. This is similar to what he said after the FOMC decision and that's no surprise since it was only 6 days ago.
Powell set to speak to Congress
Powell will deliver part 1 of Humphrey Hawkins in the Senate The Fed tends to be a punching bag when the economy is in bad shape or when they try something new. If I were a politician, I would certainly be trying to score points on a central bank buying junk bonds and calling a […]
BOJ's Kuroda: If government issues more super-long bonds, we may buy more
Kuroda with a reminder that the hoarding will continue – Appropriate for BOJ to continue aggressive JGB purchases for now – BOJ may buy more bonds to keep yields low For bank trade ideas, check out eFX Plus
ECB's Panetta: We haven't discussed adding fallen angels into asset purchases yet
Comments by ECB executive board member, Fabio Panetta – But will consider them if necessary – Sees a prolonged period of very accommodative policy – Deploying the EU recovery fund is extremely urgent For some context, the idea of adding fallen angels into its PEPP stimulus was . However, the central bank ultimately steered clear [
BOJ's Kuroda: Momentum towards inflation target is lost for the time being
It was never there in the first place – Expects inflation to stay in negative territory for now – Reaffirms that BOJ will maintain 2% inflation target – It is possible that new measures will be needed depending on the economy These are all token remarks just to reaffirm the current stance by the BOJ […]
BOJ's Kuroda: Ready to take further steps if needed
BOJ governor, Haruhiko Kuroda, begins his press conference – Japanese economy is in extremely severe situation – Believes that the economy will recover – Economic outlook remains largely unchanged since April meeting So far, nothing out of the ordinary from Kuroda as he reaffirms what we already know of the BOJ and their stance re
BOJ maintains its policy setting unchanged
Bank of Japan policy meeting over – statement out now The Bank's special virus program to increase to around 110tln yen (from 75 tln) Full text here For bank trade ideas, check out eFX Plus
RBA June policy meeting minutes affirm policy support will likely be need for some time
Reserve Bank of Australia monetary policy meeting minutes Comments on the Australian dollar from the minutes are not really notable: Headlines via Reuters (bolding is mine):
PBOC sets USD/ CNY reference rate for today at 7.0755 (vs. Monday at 7.0902)
People's Bank of China For bank trade ideas, check out eFX Plus