New Zealand Cash Rate Decision
The Kiwi rate decision which is expected to have the RBNZ leave rates unchanged at 2.5% was as expected and the Kiwi remained relatively unchanged trading right above the 72 cent handle initially before trading lower. The accompanying comments from the RBNZ (Bollard) were as follows:
- Expects to begin raising rates in the ‘coming months.’
- Assumes economy evolves as projected.
- Recovery maybe faster than March forecast.
- Inflation will track within target range.
- Sees stronger export earnings.
EURUSD and GBPUSD move higher after Fed Announcement
EURUSD and GBPUSD move higher after Fed Announcement
Forex QUICK: The FOMC Decision
Forex QUICK: The FOMC Decision
FOMC Rate Decision
Fed says that economic activity is stronger and the labor market is begining to improve. Inflation is likely to be subdued for some time. FOMC says rates to stay exceptionally low for extended period. They will maintain the current level of 0- .25 for the rate. Not much of a change in this months outlook.
To review the complete statement by the fed click on the following link:
http://www.federalreserve.gov/newsevents/press/monetary/20100428a.htm
Germany’s Merkel on the newswires
- “deficit problems to be “tackled at the roots”
- “we have to go through painful process with Greece”
- “painful processes must be untertaken to cut debt”
- “cant let Greece become another Lehman bros”
- “when euro stability in danger all members will help”
- “not my job to judge work of rating agencies”
- “healthy state finances help prevent speculation”
The NY Midday Forex Commentary is available for viewing
The NY Midday Forex Commentary is available for viewing
Fitch keeps Spain at AAA
Sends the EURUSD back up. A move through 1.3142 eyed
Loading ...
