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Daily Forex Snapshot: 9-7-2010

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Forex - RBA & BoJ Keep Rates On Hold

G10 Advancers and Decliners vs USD
JPY0.17
CHF-0.04
GBP-0.21
EUR-0.70
The Reserve Bank of Australia (RBA) kept their benchmark interest rate unchanged at 4.50% this morning. Amidst the rather healthy data releasing from Australia (the recent Q2 GDP), the fourth straight pause was largely expected. Growth down under has been close to trend, the inflation level is close to target and with the global growth recovery still shaky, policymakers from down under don’t want...
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Daily Forex News & Commentary: 9-7-2010

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Markets Review RBA And BoJ Decisions Ahead Of Potential Hike From BoC

Two central bank meetings had already taken place before European desks even opened today (BoJ and RBA), but the outcomes have been largely in accordance with expectations. Unsurprisingly, the Bank of Japan held its overnight rate steady at 0.10%, but Governor Shirakawa and his colleagues failed to exploit this opportunity to influence the rapidly appreciating JPY to any noticeable degree. In...
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Today's Economic Calendar
Time UTC   Definition Value Name Actual
06:00 Germany Merchandise Trade Level  
06:45 France Merchandise Trade Level  
08:30 Britain Industrial Production IP-M/M  
10:00 Germany Industrial Production Month over Month  
11:00 USA MBA Purchase Applications Purchase Index - W/W Change  
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