Nearly retraces the move down from the high yesterday Adam in an interview on Kitco yesterday, spoke of the RBNZ and how they said they were looking to monetize the government debt. That would be a bearish development () all things being equal.
Blogs
FX option expiries for Wednesday April 29 at the 10am NY cut
EUR/USD USD/JPY GBP/SD EUR/GBP See here for global coronavirus case data
Wednesday 29 April 2020 is Federal Reserve FOMC day
Statement at 1800GMT followed by Chair Powell's press conference at 1830GMT Snippet via Westpac, expecting no notable change in policy as: – the fed funds rate midpoint is at the effective lower bound of 0.125%
PBOC sets USD/ CNY reference rate for today at 7.0704 (vs. yesterday at 7.0710)
People's Bank of China No reverse repos in open market operations today – skips OMOs See here for global coronavirus case data
More on the RBNZ moving to a negative cash rate
The NZD weakened during the Asia session yesterday on the forecast A couple of remarks about the place on this: – Capital Economics have previously forecast the RBNZ will move to -0.75% BNZ, on the other hand,
Republicans expect Judy Shelton's Fed nomination to be withdrawn – report
Report from The Hill Earlier today there was a report saying she was expected to be confirmed, so that's the state of things. I gotta say, I'm a HUGE fan. C'mon Congress, this is obviously a lady of exquisite taste.
11 members of Congress are asking US Treasury to consider blockchain to help streamline distribution of funds
A letter from members of the US Congress to Treasury released on Tuesday (but dated April 23) The letter notes the urgency of getting assistance to America's small businesses and working families
Dollar index range bound as US GDP and Fed awaited
<p>Two heavy weight events are scheduled for the US today. Firstly. Q1 GDP is expected to show -4.0% annualized contraction. That would be the steepest contraction since the Great Recession in 2009. Consumer spending has definitely suffered a big hit from the coronavirus lockdowns. Some focuses would be on business investments. Optimism was l
New Zealand imports and exports surged in March, but trade with China shrank
<p>New Zealand’s imports rose 7.7% yoy to NZD 5.1B in March while exports rose 3.8% yoy to NZD 5.8B. Trade surplus came in at NZD 672m, smaller than expectation of NZD 700m. Trade with its largest partner, China, continued to drop. Imports from China dropped -10% yoy to NZD 714m. Exports to China dropped -5.8% […]
Australia CPI jumped to 2.2% in Q1, highest since 2014
<p>Australia CPI rose 0.3% qoq in Q1, above expectation of 0.2% qoq. Annually, CPI accelerated to 2.2% yoy, up from 1.8% yoy, beat expectation of 2.0% yoy. The annual rate was also the highest level since Q3 of 2014. RBA trimmed mean CPI rose 0.5% qoq, slightly above expectation of 0.4% qoq. Annual rate also […]