The Canadian dollar dropped fast, hit support, and rebounded furiously. It was not alone. Most of the G-10 major currencies saw similar price action, which occurred following U.S. Federal Open Market Committee meeting. The Fed left interest rates unchanged. It wasn’t a surprise. The dot-plot interest rate forecast predicted rates would remain at current levels [...]
New Zealand's Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity. “The 12.2 percent fall in quarterly GDP is by far the largest on record in New [...]
The cost of living in the UK as represented by the Consumer Price Index (CPI) for August month is due early on Wednesday at 06:00 GMT. The key inflation data will pave the way for market forecasts concerning the “Super Thursday” and hence become even more important than the otherwise case. The headline CPI inflation [...]
The Reserve Bank of Australia's board reaffirmed that it would not increase the cash rate target until progress is made towards full employment, inflation. Members noted that the downturn had not been as severe as earlier expected and recovery was underway in most of Australia. The Keynotes of the Minutes of the Monetary Policy Meeting [...]
