The perceived better data saw US yields pushing higher with the 10-year yield rising 8bp to 3.68% and as a result USDJPY was able to build on the BOJ GE-linked rally to mount the 90 handle with JPY crosses dragged along with it.
Major Economy and Forex Market Headlines - Previous Session
- USA Feb. Change in Non-farm Payrolls out at -36k vs. -68k expected and revised -26k prior
- USA Feb. Unemployment Rate out at 9.7% vs. 9.8% expected and unchanged from prior
- USA Feb. Avg. Hourly Earnings out at +0.1% m/m vs. +0.2% expected and +0.2% prior
- USA Jan. Consumer Credit out at +$5 bln vs. -$4.5 bln expected and revised -$4.6 bln prior
- NZ Q4 Manufacturing Activity out at +0.7% unchanged from revised prior (-5.1% previously)
- Japan Jan. Current Account Balance out at ¥899.8b vs. ¥783.9b expected and ¥900.8b prior
- Japan Feb. Bank Lending out at -1.5% y/y vs. -1.7% expected and -1.5% prior
- Japan Feb. Bankruptcies out at -17.3% y/y vs. -21.8% prior
- Japan Feb. Economy Watchers Survey: Current out at 42.1 vs. 40.1 expected and 38.8 prior
- Japan Feb. Economy Watchers Survey: Outlook out at 44.8 vs. 41.9 prior
Monetary Policy Focus
Currency Converter
Central Banks Interest Rates
| US | 0.25% |
| UK | 0.5% |
| EMU / EURO | 1% |
| Japan | 0.1% |
| Switzerland | 0.25% |
| Canada | 0.25% |
| Australia | 3% |
| New Zealand | 2.5% |
| Sweden | 0.25% |
MyForexTime Twitter Updates
28.06.10
USA Personal income increased $53.7 billion...: http://digg.com/d31VHqK?t
28.06.10
Wall Street Hiring Jumps Most Since 2008...: http://digg.com/d31VHpY?t
28.06.10
G-20 Leaders Responds to European Debt Crisis With Deficit..: http://digg.com/d31VGbb?t
28.06.10
USA Q1 2010 Personal Consumption out at 3.0%...: http://digg.com/d31VGbQ?t
28.06.10
Advanced G-20 Countries economies will aim to halve deficits by 2013 and start to stabilize their debt-to-output ratios by 2016...
28.06.10
Today morning European session start with Sweden’s household lending and trade data followed by the series of German states reporting CPI...
28.06.10
The G-20 has to bridge a gap between leaders such as German Chancellor Angela Merkel who favor budget cuts and USA President Barack Obama...
28.06.10
China’s pledge of a more flexible Yuan will reduce the China’s exports in 2010-11, adding to difficulties that include the European debt...
28.06.10
The Bank Of England's (BOE) Financial Stability Report adopted a cautious tone, noting that...
28.06.10
Real GDP -- the output of goods and services produced by labor and property located in the US, increased at an annual rate of 2.7%...
15.04.10
Bernanke reiterated that he anticipates keeping US rates low: http://digg.com/d31OWyQ?t
15.04.10
US crude oil prices rose for the first day in six as US...: http://digg.com/d31OWxx?t
09.12.09
U.S. Dollar bulls have more to hope for in the short term...: http://digg.com/d31CIlQ?t
07.12.09
We expect that OPEC will leave oil production targets unchanged following the 22 December OPEC meeting...: http://digg.com/d31C3MY?t
04.12.09
European central bank left all three policy interest rates..: http://digg.com/d31Bmq0?t
03.12.09
USA ADP national employment report showed that private sector payrolls fell by 169,000 in November,..: http://digg.com/d31Bgam?t
03.12.09
Beige Book Informal review by the Federal Reserve Banks...: http://digg.com/d31BgVw?t
02.12.09
The Gold price jumped higher last night, The gold price peaked at above USD1,200/oz....: http://digg.com/d31BbAV?t
01.12.09
U.S. Dollar clawed back some of its losses...: http://digg.com/d31BVmY?t
01.12.09
The RBA rate meeting panned out as expected, with the RBA hiking rates another 25bp for the third meeting in a row http://digg.com/d31BVeM?t
