Former Bank of Japan (BOJ) policymaker Takahide Kiuchi said that Japan is likely to slip back into deflation over the coming three years due to the corona virus pandemic and its impact on the domestic consumption and labor market. Takahide Kiuchi said that cutting interest rates further will hurt already weak regional lenders, which could [...]
The dollar seems to struggle ahead of the Thursday speech from U.S. Federal Reserve Chair Jerome Powell. Fed Chair Powell on Thursday addresses a virtual Jackson Hole symposium with the theme "Navigating the Decade Ahead: Implications for monetary policy." Investors expect he might address the bank's strategy - especially its 2% inflation target, with speculation [...]
New Zealand Retail Sales Ex-Inflation for the second quarter (Q/Q, Q2) arrived at -14.6% vs expectations of -15.0% and prev -0.7%, putting sales 14.2 percent lower on the year. Sales values drop to historic levels, Twelve of the 15 industries had lower sales in the June 2020 quarter compared with the June 2019 quarter. The [...]
Fundamental view: Gold fell in the last week as optimism among investors developed for the greenback as it started gaining strength. Improved productivity thanks to telework turns to be a bad news for gold Looking ahead, it remains to be seen if Chairman Jerome Powell and Co. will reveal anything new at the Kansas City Fed’s Economic Symposium [...]
