OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: RBA minutes show bank believe rate cuts are impacting - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the minutes of the last RBA meeting show a central bank that believes past rate cuts are beginning to have an impact on interest-rate sensitive sectors of the economy, but also believes there is room for further easing if needed.

He comments, “Or, to put it another way, if growth now re-accelerates, they won't cut further.” he feels that the market has one more rate cut priced in this year and the preference would clearly be not to cut rates, and not to have such a strong currency. Juckes writes, “We don't always get what we want but as China re-balances its economy away from investment, and focuses a little more on inflation after giving the economy a boost over the turn of the year, a weaker AUD still looks to be on the cards.”

Forex Flash: Yen rebounds modestly as foreign bond buying plan denied - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Yen has strengthen modestly in the Asian trading session following comments from japanese Finance Minister Aso overnight who stated that “we don't intend to buy foreign bonds”.
Read more Previous

Forex Flash: USD/JPY and AUD/USD see some upside - OCBC Bank

Emmanuel Ng of OCBC Bank notes that both USD/JPY and AUD/USD have a slight upside bias overnight.
Read more Next
Start livechat