A better-than-expected Aussie business spending data supports Aussie. While business spending, as represented by private capital expenditure (CAPEX), fell 5.9% in the second quarter, the actual reading was better than the forecasted drop of 8.4%. The third estimate for 3 for 2020-21 came in at $98,624 million – 12.6% lower than the third estimate for [...]
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 [...]
