Forex Today: NZD dumped on RBNZ jawboning, Fedspeaks - Key
|The Kiwi emerged the weakest currency in Asia, after having faced strong offer the RBNZ talked the exchange rate level, while standing pat on the interest rates decision. While its OZ neighbor, the Aussie, also kept losses amid unimpressive business confidence numbers and tumbling Aus yields. The US dollar remained broadly higher, and staged a solid rebound versus the yen, in wake of BOJ deputy governor Nakaso’s comments.
Looking ahead, the EUR calendar remains absolutely data-dry, with the only German trade balance data due to be reported ahead of the European open. RBA’s governor is expected to be on the wires during the European hours. While from the US, we have the jobless claims and wholesale inventories data, besides, the speeches from FOMC members Evans and Bullard.
Main topics in Asia
1.RBNZ Monetary Policy Decision -
RBNZ: "We doubt the market will fully embrace the RBNZ’s neutral tone" - ANZ
Analysts at ANZ noted today's RBNZ and offered a bullish outlook from the market for the bird.
RBNZ reviewed:"Overall, we agree with the spirit of the Statement" - ANZ
Analysts at ANZ noted that the OCR was maintained at 1.75% as expected and said there was never a realistic chance of any other outcome.
RBNZ's Wheeler: Cash rate likely to stay low
Reserve Bank of New Zealand Governor Wheeler, speaking at a parliamentary select committee, notes that the cash rate is likely to stay low.
RBNZ McDermott: Uncomfortable with level of the NZ dollar
Speaking in an interview following the Reserve Bank of New Zealand (RBNZ) policy decision today.
2. Australia's NAB business confidence: mixed signals about the outlook
The NAB Quarterly Business Survey is providing some mixed signals about the outlook.
3. BOJ’s Nakaso: It’s important to persistently pursue powerful monetary easing
The Bank of Japan (BOJ) deputy governor Nakaso crossed the wires now, via Reuters, commenting on the price outlook and long-term interest rate target.
Key focus for the week ahead
Analysts at Nomura take us through a series of economic events from the US docket lined up for release later in the NA session today.
Japan's Abe hopes promises on jobs, defense will temper Trump's tone on trade - RTRS
Japanese PM Abe is set to meet the US President Trump for a summit in Washington on Friday, with the Japanese officials have been promised by security assurances from Defense Secretary Jim Mattis.
Sources: Japan PM Abe to propose US-Japan cabinet level talks with Trump - RTRS
Reuters quotes sources familiar with the matter, citing that Japan’s PM Abe is expected to propose US-Japan cabinet level talks with Trump on macroeconomy, trade and security. The meeting is scheduled on Feb 10th, Friday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.