30 Jul 2013
Flash: Key G20 updates – BBH
FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy at BBH Global Currency Strategy Team noted a number of key headlines.
Key Quotes:
“The Australian dollar gapped lower after dovish RBA comments and weaker housing data”.
“Japan also reported disappointing data, but the dollar continues to straddle the ¥98 level”.
“Meanwhile, consumption is another aspect of the creeping disappointment with Abenomics”.
“Anticipation of either more BOJ measures or perhaps some measures to minimize the next April's retail sales tax hike helped fuel bargain hunting in the Nikkei”.
“The PBOC injected liquidity into the banking system for the first time in five weeks “.
“European news has been limited with the biggest mover being the Swedish krona following weaker GDP data”.
“Spanish GDP came in at expectations”.
“The Reserve Bank of India kept all its policy rates unchanged but the tone of the statement may have sounded a touch more dovish than some had expected”.
“Korean June IP numbers were much worse than expected and the current account surplus fell in June”.
“The Turkish Central Bank will release its quarterly inflation report”.
Key Quotes:
“The Australian dollar gapped lower after dovish RBA comments and weaker housing data”.
“Japan also reported disappointing data, but the dollar continues to straddle the ¥98 level”.
“Meanwhile, consumption is another aspect of the creeping disappointment with Abenomics”.
“Anticipation of either more BOJ measures or perhaps some measures to minimize the next April's retail sales tax hike helped fuel bargain hunting in the Nikkei”.
“The PBOC injected liquidity into the banking system for the first time in five weeks “.
“European news has been limited with the biggest mover being the Swedish krona following weaker GDP data”.
“Spanish GDP came in at expectations”.
“The Reserve Bank of India kept all its policy rates unchanged but the tone of the statement may have sounded a touch more dovish than some had expected”.
“Korean June IP numbers were much worse than expected and the current account surplus fell in June”.
“The Turkish Central Bank will release its quarterly inflation report”.