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Swedish Inflation Preview: No Need For SEK Market To Get Hot and Bothered?
Analysts expect Friday’s Swedish inflation (CPIF) data for July (to be released 0830h UK time) to come in at 2.2 per cent on an annualized basis, above 2.0 per cent target of Sweden’s central bank, the Riksbank. The currency market might ordinarily see such an outcome as positive for the SEK (EURSEK, USDSEK, NOKSEK) but[…]
NZDUSD: RBNZ Preview
At 2100h UK time tonight the Reserve Bank of New Zealand (RBNZ) will make its latest interest rate announcement and release its Monetary Policy Statement (MPS). Markets are expecting the Official Cash Rate (OCR) to be left unchanged at 1.75 per cent. However given that first quarter New Zealand GDP growth proved to be lower[…]
EURUSD: Euro glass half empty, USD glass half full?
Monday’s poor German industrial orders data could suggest the euro zone’s largest economy may be slowing. Carsten Brzeski at Dutch bank ING commented the new orders data “do not bode well for German industry going into the second half of the year.” Given Germany’s economic clout within the euro zone that prospect might not engender[…]