The Australian and Canadian dollars fell spectacularly against the US dollar in H2 14. Bothcurrencies are highly sensitive to commodity prices and have been severely hit by the oil pricecollapse. Societe Generale notes o…
The Australian and Canadian dollars fell spectacularly against the US dollar in H2 14. Bothcurrencies are highly sensitive to commodity prices and have been severely hit by the oil pricecollapse.
Societe Generale notes on Friday as follows:
Now that oil prices are stabilising and central bank activism is taking centre stage again, rates are likely to again become a key factor driving forthcoming FX moves.
The BoC and the RBA surprised the market by cutting rates by 25bp in January and Februaryand staying on hold in March, but it seems that their respective policies may now diverge.
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…
