| Australian Dollar Remains Supported By Interest Rate Expectations (Daily FX) The Australian dollar set a fresh yearly high of 0.8778 against the greenback during the past week before the release of the RBA minutes tempered interest rate expectations. Policy makers stated that "members were conscious of the need to balance the task of controlling inflation over the medium term with that of supporting economic recovery." us.rd.yahoo.com |
Dollar holding at around US74c The NZ dollar was buying around US74c by today's local open, having fallen from near US75c on Friday afternoon as the greenback recovered some of its losses.News of a large quarterly loss at Bank of America and flagging consumer... nzherald.co.nz |
European Producer Prices Fall For Tenth Month, Will ECB Remain On Hold? (Daily FX) European producer prices declined 6.7% in October from a year ago which is the slowest pace in five months. However, factory- gate prices decline for a 10th straight month as the sharp drop in oil prices continue to suppress costs. us.rd.yahoo.com |
Chicago PMI Surprisingly Rises to Nearly 4-Year High (Daily FX) The Chicago Purchasing Managers Index surprisingly rose for a third month in December to a nearly four-year high of 60.0 from 56.1, indicating that business activity is growing at a faster clip. us.rd.yahoo.com |
Bollard may hold to mid-year timing for OCR hike, start in April Reserve Bank Governor Alan Bollard will probably wait until at least April before raising interest rates, though officially he may stick to his hinting at a mid-year hike this week.Bollard will keep the official cash rate at 2.5... nzherald.co.nz |