BOC held rates as expected, although their statement was optimistic enough to send the Canadian dollar sharply higher.
In the final meeting of the year, RBA decided to keep rates on hold 0.75%, whilst keeping the door open for further cuts.
BOC’s Senior Deputy Governor Carolyn Wilkins delivered which appears to be laying the groundwork for a potential cut. Whilst she tips her hat to an economy which is “relatively well overall”, she pointed to regional differences and reiterated concerns… Read More
RBNZ held and refrained talking their currency down, seeing the Kiwi dollar spike higher across the board.
Whilst RBNZ are expected to cut rates again tomorrow, it remains unclear how dovish the statement may be, given the mixture of weak economic data of late alongside a lower currency and improved US-China trade sentiment.
Headline employment data disappointed, increasing the probability of another RBA cut in their October meeting. Unemployment rose to 5.3% (highest rate since August 2016) +34.7 jobs were added, yet the headline figure was propped up by part-time… Read More
With the Fed widely expected to cut rates later today, we take a look at market returns for FX majors, commodities and the S&P500 following such an event. Using Fed Funds data from 1971, we filtered the Fed… Read More