China will achieve GDP target despite challenges – Reuters

As reported by Reuters, Chinese press agency Xinhua has stated that China will be able to overcome current trade difficulties with the US and still attain their growth targets. Key quotes "We must do a good job in stabilizing employment, finance, foreign trade and investment, an ...

FOMC meeting preview: don’t expect major developments – Nomura

Analysts at Nomura offered their preview for today's FOMC meeting. Key Quotes: "We do not expect any major developments at the July/August FOMC meeting. However, it is possible that the post-meeting statement will add “for now” when describing the FOMC’s plans fo ...

NZ  labour market was broadly stable in the June quarter – ANZ

Analysts at ANZ Bank New Zealand Limited ("ANZ") explained that the labour market was broadly stable in the June quarter - noting that the unemployment rate rose 0.1%pt to 4.5%, due to slightly higher labour force participation.  Key Quotes: "Wages are being boosted by th ...

US administration pondering a tariff hike to 25% on Chinese goods – Bloomberg

As initially reported by Bloomberg, the US White House administration is considering raising planned tariffs on $200 billion worth of Chinese goods from 10% to 25% at the border, which would drastically ratchet up trade tensions. Both sides have so far refused to return to the negotiatin ...

South Korea Consumer Price Index Growth (YoY) unchanged at 1.5% in July

South Korea Consumer Price Index Growth rose from previous -0.2% to 0.2% in July

United Kingdom BRC Shop Price Index (YoY) up to -0.3% in July from previous -0.5%

NZD/USD down to test 0.68 the figure again on NZ jobs data

NZD/USD has dumped on the NZ jobs data where both employment change and unemployment higher than estimates. Markets traded overnight with an upbeat tone due the reported progress in NAFTA talks on motor vehicles and a detente in US/China trade tensions. Traders now await th ...

New Zealand Labour cost index (YoY) meets forecasts (2.1%) in 2Q

New Zealand Employment Change above expectations (0.4%) in 2Q: Actual (0.5%)

New Zealand Unemployment Rate registered at 4.5% above expectations (4.4%) in 2Q

New Zealand Labour cost index (QoQ) meets forecasts (0.6%) in 2Q

New Zealand Participation Rate registered at 70.9% above expectations (70.8%) in 2Q

AUD/USD back above 0.74, bulls looking for a further leg up

The Aussie marks in a positive day for Tuesday, and China PMIs now lay in the path ahead. AUD traders will be keeping an eye out for Thursday's Trade Balance Figures for Australia. The AUD/USD is trading near 0.7425 after catching some lift on Tuesday's action following ...