Quotes from RBC Capital Markets: AUD/USD is trading sub-0.76. RBA Assistant Governor Kent delivered a speech on the economy overnight, the bulk of which would be familiar to anyone with a vague interest in the Australian…
AUD/USD is trading sub-0.76. RBA Assistant Governor Kent delivered a speech on the economy overnight, the bulk of which would be familiar to anyone with a vague interest in the Australian economy. Kent described the exchange rate as high relative to the state of the economy, rather than relative to fundamentals. We expect this will be the new mantra, which internal documents were suggesting might be the case as long ago as March of last year.
NZD/USD continues to trade heavily, unhelped by headlines that some infant formula exporters have had orders cancelled following recent threats of contamination. Spot is at one-month lows of 0.7235-40 ahead of tomorrow's RBNZ meeting and MPS.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
