Asian Session: RBA Hikes Rates

03/02/10 by Daily Forex Snapshots  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
EUR -0.05
CHF -0.05
JPY -0.12
GBP -0.72
• RBA hikes cash rates 25bps to 4.0%, states joblessness looks to have peaked, inflation was consistant with target & risk in EU have decreased.
• Australia Jan retail sales 1.2% m/m, 0.5% exp.
• Australia Jan bldg approvals -7.0% m/m, 0.8% exp, priv-sector houses 0.3%.
• Australia Q4 public spending 3.8% q/q, +2.7% exp.
• FSA Minister Kamei says that the BoJ should examine underwriting…

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