US Senate approves bill in first step to rewriting Dodd-Frank – Reuters

The US Senate voted Wednesday to approve a bill that eases some of the regulations under the Dodd-Frank reform that was enacted following the 2008 financial crisis, as reported by Reuters. Key highlights: The US Senate voted 67-31 in approval of easing banking rules. Congress is a step closer t ...

US data preview, what’s next? – Nomura

Analysts at Nomura offered a preview of the next key US data. Key Quotes: "Empire State survey: For the first round of manufacturing survey indicators in March, we forecast a reading of 13.0 for the Empire State survey (Consensus: 15.0), essentially unchanged from February’s reading o ...

Trudeau: NAFTA agreement can be reached – Bloomberg

Canadian Prime Minister Justin Trudeau commenting on NAFTA today during an interview on BloombergTV. Key highlights: There are always opportunities to improve NAFTA. Canada is more than happy to accelerate NAFTA talks if needed. Canada is not under the same time pressures as the US o ...

AUD/USD gains still limited as sentiment drives the pair

Souring risk appetite is taking the wind out of the Aussie's sails. China data at 02:00 GMT could produce some knock-on volatility. The AUD/USD pair is trading quietly after getting punished in the last half of Wednesday's trading and is currently testing the waters around 0.787 ...

NZ GDP: the bottom line – ANZ

Analysts at ANZ noted the NZ GDP data that came in as 0.6% q/q vs. expected +0.8%.  Key Quotes: Economic growth was steady in Q4, with the economy expanding at a slightly slower-than-expected pace. Modest downward revisions also gave the figures a softer feel, although the details ar ...

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.82%

Investing.com – Mexico stocks were lower after the close on Wednesday, as losses in the Materials, Healthcare and Industrials sectors led shares lower. At the close in Mexico, the S&P/BMV IPC declined 0.82%. The best performers of the session on the S&P/BMV IPC were Coca Cola Femsa SAB De ...

AUD/NZD en route to 1.0800 as New Zealand GDP disappoints

New Zealand GDP data come is lower than expected. NZD is lower against the AUD, USD and GBP. The AUD/NZD is trading at around 1.077 after the pair jumped on worse than expected New Zealand GDP data.  The NZ GDP came in at 2.9% vs 3.1% y/y while the monthly data came in at 0.6% vs 0.7 ...

NZD/USD falls back to 0.73 on GDP miss

NZ GDP: q/q 0.6% vs exp. 0.8%, prev. 0.6%; y/y 2.9% vs exp. 3.1%, prev. 2.7%. GDP miss takes the top off NZD/USD to cap off Wednesday's trading. The NZD/USD has bottomed out of Wednesday's trading range on a miss for New Zealand GDP figures, currently testing just above the 0.730 ...

New Zealand Gross Domestic Product (YoY) registered at 2.9%, below expectations (3.1%) in 4Q

New Zealand Gross Domestic Product (QoQ) below forecasts (0.7%) in 4Q: Actual (0.6%)

New Zealand Q4: miss of 0.2%, Kiwi lower

The Gross Domestic Product Q4 data released by the Statistics New Zealand came in as 0.6% q/q vs. expected +0.8%. The RBNZ had been expecting a quarterly gain of 0.7%, after 0.6% in Q3, referencing their February Monetary Policy Statement. 0.6% q/q expected +0.8% q/q, prior +0.6% ...

Kudlow: Would like to see the USD a wee bit stronger than it currently is

Larry Kudlow, President Trump's new pick for top economic advisor following the recent resignation of Gary Cohn, is hitting the wires today with comments about the Greenback, China, and the Federal Reserve. Key highlights: No reason to believe Trump is opposed to a strong USD. No reason t ...

US data review and GDP tracker update – Nomura

Analysts at Nomura offered a review of the US data and their GDP tracker update. Key Quotes: "Core (“control”) retail sales, excluding food services, autos, building materials and gasoline increased modestly by 0.1% m-o-m in February, below expectations (Nomura: 0.7% ...

Peru stocks lower at close of trade; S&P Lima General down 0.67%

Investing.com – Peru stocks were lower after the close on Wednesday, as losses in the Banking&Financials, Industrials and Non-Metal Minerals sectors led shares lower. At the close in Lima, the S&P Lima General fell 0.67%. The best performers of the session on the S&P Lima General were ...