Intra-Day Market Moving News and Views USD/JPY AUS/USD
20 May 2014 02:07GMT
USD/JPY - 101.57 ... The greenback fell to a fresh 3-month low at 101.10 against the Japanese yen yesterday on renewed risk aversion due to the sell off in Nikkei-225 index, however, short-covering together with the rise in Japanese equities today following the rebound in global stock markets lifted the pair n price rebound to 101.60 in Asia. Bids are now located at 101.45/40 n more at 101.30-25 with mixture of bids n stops seen at 101.00 level.
The Federal Reserve will release minutes of its April 29-30 meeting on May 21. Fed Chair Janet Yellen is scheduled to give the New York University Commencement speech on the same day.
20 May 2014 01:33GMT
AUS/USD - 0.9311
RBA releases its minutes and said low rates appropriate for some time, rest of minutes as follow :
board considered current low rates to be appropriate for some time yet;
expansionary policy setting having expected effects on economy;
demand for labour remained subdued, likely to stay so for some time;
inflation consistent with target, forecast to remain so for next few years;
board noted overall growth in coming quarters likely to be below trend;
saw growth in domestic costs contained due in part to spare capacity in labour market;
forward-looking indicators improving but point to moderate jobs growth in months ahead;
recent data pointed to strong growth in dwelling investment in first half of 2014;
volume of iron ore and coal exports had risen strongly in recent months;
retail sales growth appeared to have moderated somewhat more recently;
pointed to some signs that recent slowing in china could be temporary;
Data to be release on Tuesday:
Australia Conference board leading index, RBA meeting minutes, Japan all industry activity index, leading index CI, machinery tool orders, Italy industrial orders, current account, Germany PPI, U.K. CPI, RPI, PPI input and PPI output, ONS house price, Canada wholesale trade sales.
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