BoJ Poised to Ease

March 12, 2010 by Daily Forex Snapshots  
Filed under Forex & Futures

G10 Advancers and Decliners vs USD
CHF 0.19
EUR 0.12
GBP 0.10
JPY -0.09
• New Zealand Jan retail sales m/m 0.8% vs. 0.5% exp, y/y 2.3% vs. 3.6% exp, ex-autos 0.3% m/m vs. 0.9% exp.
• New Zealand Feb median house prices unch m/m, 6.1% y/y, sales 37.2% and -3.8%, residential house price index 0.4% m/m
• According to Bloomberg US President Obama is to nominate SF Fed President Yellen to be FOMC ViceChair
• Japanese Prime Minister Hatoyama states will respond to yen…

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Dollar Softens After Another Week Of Higher Jobless Claims

March 11, 2010 by Daily Forex Snapshots  
Filed under Forex & Futures

G10 Advancers and Decliners vs USD
GBP 0.45
EUR 0.10
JPY 0.09
CHF 0.05
• Swedish CPI (Feb) came out marginally higher than expectations at 0.6% m/m, 2.7% y/y (0.5%/2.6% expected, -0.6%/0.6% prior)
• SNB kept interest rates unchanged at 0.25%, but reiterated their commitment to preventing ‘excessive’ CHF strength against EUR and said the possibility of deflation could not be ruled out.
• Norges bank says more rapid rise in prices anticipated (Bloomberg)
• US Initial…

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Dovish RBNZ Sends NZD Plummeting

March 11, 2010 by Daily Forex Snapshots  
Filed under Forex & Futures

G10 Advancers and Decliners vs USD
JPY 0.18
GBP -0.03
CHF -0.11
EUR -0.18
• Japan’s Tsumura sees signs of self-sustained recovery in domestic demand.
• Japan’s Hirano was more pessimistic; saying economy still in severe state despite positive growth
• Japan Q4 GDP was revised to +0.9% q/q, +3.8% annualized (1.0%/4.0% expected, 1.1%/4.6% prior)
• Reports that the China Statistics Bureau sees mild inflation in the coming year, but no signs of overheating.
• China CPI…

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