Yuan tumbles further down, Draghi and the ECB decide on the future EUR rate

Posted on 2017-03-09 15:14   Tags: ECB   Draghi   USD   EUR   European   Central   Bank  

 Chinese trade balance data has missed widely as expectations for February were a net positive for the export section with a surplus of 173B Yuan. Rather than an increase, changes were a negative 60B. The release data showed disappointing results for the second largest economy with exports only 4.2% on a yearly basis versus the expected 14.6%. Imports have increased with 44.7% on a yearly basis when only 23.1% was the expected level for this report. Despite this, the net result is still a surplus of 293.7bn CNY for the economy on a yearly basis thus far.  

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AUD stays predictable, FED and ECB cannot promise the same

Posted on 2017-03-07 16:59   Tags: FED   ECB   USD   EUR   AUD  

 As expected, Governor Lowe reaffirmed that the interest rate for the Australian Dollar will remain at 1.5% for now. The cited reasons are the promising economic outlook with low inflation, but still sluggish employment rate. Consumer and business confidence have grown with exports being high and mining investments picking up again. The labor and housing markets were the only concerns at the meeting.

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