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22 Feb 2013

RBA Stevens: Easing more likely than tightening

RBA's Stevens has caused a bit of a sell-off in the Australian Dollar, after saying that while rates remain low, there is scope to cut further if needed, adding that it is fair to say easing more likely than tightening.
Feb 22, 2013

Forex Flash: BOJ client survey points Mr. Kuroda as the most popular candidate - Nomura

As markets continue to be focused on the next head of the BOJ, Nomura conducted a client survey to understand market expectations. Nomura conclusions can be read below:
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Feb 22, 2013

Forex: EUR/USD still below 1.3200

EUR/USD broke Thursday its mid term ascending trend line coming from July 1.20s lows, now above around the 1.3250 area, with global equity and commodity markets to the downside, and bonds and USD to the upside, showing the inflows to considered shave haven assets. Last at 1.3190, the pair bounces from fresh 1-month lows at 1.3160 printed in late NY trade, down -1.10% for the week so far.
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