Category Archives: Daily Outlook

3 Oct: Risk aversion sends Euro, Aud, Kiwi lower. Yen, Gold higher. Services/Composite PMIs in focus today.

  The US$ is mixed on Wednesday with the Euro again under pressure, particularly in early Europe, as Italy and the EU stepped up their argument over the Italian budget debt levels. The commodity bloc currencies, the Aud$ and Kiwi were also under heavy pressure after the RBA yesterday, although they have recovered from their European lows, while… Read More »

27 Sept: Fed hike, as expected. RBNZ on hold. Busy day ahead: German CPI, US PCE, D/G + lots more.

  So the Fed raised rates by 25bp, as expected,  The US$ initially lost ground on the basis that the word “accommodative” was removed from the official statement, possibly suggesting that rates are reaching an appropriate level making further hikes unnecessary, but then returned pretty much to its previous levels as the press conference began. Overall, the immediate… Read More »