The Reserve Bank of Australia is gearing up to cut interest rates this evening. The market is currently pricing in 32bp of tightening which means that investors expect the central bank to reduce rates by a minimum of 25bp. 50bp is a possibility but given some signs of improvement in Australia’s economy (jobs [...]
Entries Categorized as 'Australian Dollar'
Look at Australian Economy Ahead of RBA
April 30, 2012
Table: How Australian Economy Performed Since Feb Meeting
March 5, 2012
RBA meeting coming up. Here’s a table on how the Australian economy performed since the last monetary policy meeting in Feb. As you can see, there has been as much improvement as disappointment but the pullback in manufacturing and service sector activity is particularly worrisome. Market is pricing in 50bp of [...]
What are Central Banks Expected to do in 2012?
January 10, 2012
The New Year has begun and it is important to see what the market is pricing in for central banks this year. As you may know, central bank rate hike expectations change often but as of last week, most central banks are expected to keep monetary policy unchanged in the coming year but one [...]
CNBC Interview: Outlook for AUD and JPY
October 26, 2011
I was on CNBC Squawk Box Australia last night talking about the Australian dollar, China and Japanese Yen with Karen Cho
ECB to Leave Rates Unchanged for Rest of the Yr? RBA to Cut?
July 14, 2011
Even though ECB President Trichet was quite clear last week in signaling that rate hikes are not over, based upon interest rate futures, investors are actually pricing in NO RATE HIKES for the rest of the year and into the first half of 2012.
Since the beginning of the year, the ECB insisted that [...]
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