Blogs

The RBA will be announcing its June monetary policy decision at 0430 GMT Amid the better financial conditions over the past few weeks, the RBA did pull back their QE purchases – since they were initially intended for YCC in the first place – so their language on this is arguably the only interesting spot […]

Reserve Bank of Australia policy announcement and statement from Governor Lowe  The event is likely to not be much of an AUD mover – on hold is expected from the RBA and Lowe has spoken a number of times in past weeks, most recently to parliament only last week. His views will not have changed […]

People's Bank of China revalue the yuan for the session, 148 pip gain Skip OMOS today For bank trade ideas, check out eFX Plus

Citi on the Reserve Bank of Australia interest rate meeting Tuesday 2 June 2020 (announcement due at 0430GMT) On AUD Citi hold a : structurally bullish view —

Is there a backwards relationship between interest rates and savings The savings rate is a bit of a monetary mystery. Naturally people want to save but some do and some don't. Japan's saving rate has remained stubbornly high despite low borrowing costs. Economists explain that away by saying it's cultural.

PBOC issues guidelines on increasing financial support to SMEs – To allow SMEs to delay some loan repayments to 2021 – PBOC to buy SME credit loans from some qualified banks The fact that China is continuing to take added action in order to bolster support for the financial system and smaller firms goes to […]

Guide to indices composition   Looking to see how stocks impact FX?  to learn more. Checkout ForexSource.co For bank trade ideas, check out eFX Plus

<p>RBA left monetary policy unchanged as widely expected. Cash rate is held at 0.25%. The target for 3-year government bond yield is also held at 0.25%. Full statement below. Statement by Philip Lowe, Governor: Monetary Policy Decision At its meeting today, the Board decided to maintain the current policy settings, including the targets for t

<p>Australia current account surplus widened notably to AUD 8.4B in Q1, up from AUD 1.7B and beat expectation of AUD 6.3B. The current account surplus was driven by a trade surplus of AUD 19.2B and a narrowing of net income deficit to AUD 10.6B. In seasonally adjusted chain volume terms, the balance on goods and […]

<p>New Zealand terms of trade index dropped -0.7% qoq in Q1, worse than expectation of 1.3% rise. Export volume rose 1.8% qoq while import volumes fell -3.9% qoq. Export prices dropped -0.2% qoq while import prices rose 0.5% qoq. Overall export values for goods rose 3.6% qoq to NZD 15.1B while import values dropped -1.9% […]