Archive for July 5th, 2016

Central Bank Watch

Wait and See at the RBA

July 5, 2016

The Reserve Bank of Australia as expected retained a 1.75% Official Cash Rate after this month’s Board meeting and released a statement that made a number of points defending its decision. Inflation has been quite low. Given very subdued growth in labor costs and very low cost pressures elsewhere in the world, this is expected […] More

New Overnight Developments Abroad - Daily Update

Sterling and Oil Slammed…Funds Seeking Bonds and Yen

July 5, 2016

The dollar rose 1.7% against sterling but fell 0.9% relative to the yen.  The greenback has also risen 1.0% against the loonie, 0.9% relative to the Aussie dollar and kiwi.  Dollar/euro and dollar/Swiss are little changed. Commodities are sinking except in the case of precious metals like gold and silver.  West Texas Intermediate oil fell […] More