Dollar Down Against Yen In Asia As US Jobs Data Weighed

Investing.com - The dollar fell against the yen in Asia on Monday as views on the Fed rate hike path were at the forefront of market views after a better-than-expected US jobs data last week. USD/JPY changed hands at 110.05, down 0.10%, while AUD/USD traded at 0.7900, down 0.33% The U.S. dolla ...

Australia online retail declines 2.2% in December – NAB

Australia experienced a 2.2% decline in online retail sales across the board in the month of December, according to the National Australia Bank, but growth is still occurring within the online industry. Key Quotes: In seasonally adjusted terms, at -2.2%, online retail sales contracted i ...

US and yields bounced on strong US payrolls report – Westpac

  Analysts at Westpac explained that the US dollar and bond yields bounced on the strong US payrolls report Friday.  Key Quotes: "This added to the weight on AUD/USD, which fell more than 1 cent to the low 0.79 area. US equity markets followed Europe's steep losses. Th ...

RBA unlikely to raise rates in the near future – Westpac

Westpac analysts explaining why the Reserve Bank of Australia is a long way out from raising interest rates. Excerpts:  The Reserve Bank Board holds its first meeting for 2018 next week on February 6. We expect policy to remain unchanged.  The Bank often uses its first meeting of th ...

Wage and employment growth exceed expectations – Nomura

Analysts at Nomura explained that January’s employment report shows that 2017’s economic momentum carried into 2018 as nonfarm payrolls grew 200k, in line with our expectations.  Key Quotes: "However, wage growth was a more important development. Average hourly earning ...

AUD/USD continues lower as the week opens, RBA rate decision due this week

Aussie down 1.4% last week against the Greenback RBA interest rate, policy statement later this week The Aussie opened the new week down again against the US Dollar, breaking below the 0.7900 handle in the early markets. AUD/USD has had a poor showing recently, sliding 1.4% over the pas ...

South Korea Current Account Balance down to 4.66B in December from previous 5.67B

NZD/USD rallies likely to be shortlived – Westpac

Analysts at Westpac explained that the USD regained some poise as the continuation of solid US data and rising yields came into focus. Key Quotes: "Locally, range trading is likely until the dairy auction and Q4 labour data, both of which should be supportive. However, an on hold RBNZ fo ...

EM FX ended Friday on a weak note – Westpac

Analysts at Westpac explained that EM FX ended Friday on a weak note, and capped off a week of softness.   Key Quotes: "We felt that more and more EM policymakers were getting uncomfortable with FX strength and are likely welcome this recent weakening.  However, that's only i ...

Australia AiG Performance of Services Index up to 54.9 in January from previous 52

Nonfarm payrolls: raining on the market’s parade – Socgen

Kit Juckes, economist for Societe Generale reviewed the labour market data. Key Quotes: "The labour market data was strong but if you want to rain on the market's parade, the annual growth rate of employment slowed to 1.45% y/y, the weakest since March 2013, the broader U- ...

NZ’s Ready Reckoner – Westpac

Noting that the Ready Reckoner assesses how recent data will affect the RBNZ's OCR forecast, analysts at Westpac offered details. Key quotes: "The Ready Reckoner quantifies the impact of the various shocks that have hit the New Zealand economy since the last Monetary Polic ...

It was all about nonfarm payrolls – ANZ

Analysts at ANZ explained that it was all about non-farm payrolls at the end of last week and it didn’t disappoint. Key Quotes: "What got the market most excited were average hourly earnings pushed up to 2.9% y/y, nearly an eight year high. Alongside the Feds Kaplan stating the base cas ...

Bitcoin, Cryptocurrencies on Defensive after Selloff

Investing.com - Digital currency bitcoin along with other major cryptocurrencies was on the defensive on Sunday after a steep selloff on Friday that sent bitcoin below $8000 for the first time since November. Bitcoin was trading at $8,472.1 by 10:22 AM ET (15:22 GMT) on the Bitfinex exchange ...

Israel stocks lower at close of trade; TA 35 down 1.78%

Investing.com – Israel stocks were lower after the close on Sunday, as losses in the Insurance, Oil&Gas and Biomed sectors led shares lower. At the close in Tel Aviv, the TA 35 fell 1.78% to hit a new 1-month low. The best performers of the session on the TA 35 were Strauss Group (TA:STRS), ...

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