Eamonn Sheridan

RBNZ’s Spencer says economic outlook is very positive

Reserve Bank of New Zealand  acting governor Grant Spencer
Speaking at the news conference following the earlier policy announcement and Monetary Policy Statement release

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More on China October trade data – imports of commodities fell

Some further detail on the trade data:
Copper:
China imported 330,000 tonnes
– versus 430,000 tonnes in September
Crude oil imported 31.03 million tonnes
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Moody’s says its outlook for global sovereigns is stable

Moody’s: Outlook for global sovereigns is stable; growth tempers high debt, geopolitical tensions
– healthy growth and synchronized global economic expansion of 2017 likely to continue into 2018
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RBA responses coming in – Westpac says “We see a little more dovishness”

Westpac on the Australian dollar in the wake of the Reserve Bank of Australia today. saying that as long as the USD dollar avoids a sharp reversal:
On the RBA:
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ForexLive Asia FX news wrap: A session that doesn’t deserve a headline

Forex news for Asia trading Tuesday 7 November 2017
The USD popped a little higher in morning trade in Japan, seemingly coinciding with Fox comments from US Treasury Secretary Mnuchin on humongous expected USD repatriations (see bullets above). When I …

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AUD/USD popping to a new session high after the RBA announcement

Reserve Bank of Australia is here:
Australia – RBA announce no change to the cash rate (as expected)
– On hold cash rate
– and Statement was fairly neutral
No surprises.
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Australia – RBA announce no change to the cash rate (as expected)

Reserve Bank of Australia November monetary policy decision
Leaves the cash rate target on hold at 1.5%
– Where its been ever since the August 2016 meeting
– 14th consecutive on hold decision (do the maths, its 15 months but no meeting in January)
Qui…

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Japan press: Satellite images spot increased activity at North Korean nuclear test site

Japan Times with this:
Satellite images spot increased activity at North Korean nuclear test site tunnel complex
I don’t see a time on the Times report, so either I was in front of it:
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