Japanese GDP and Korean rate decision

Economic data out of Japan seldom if ever moves the market and I think it’s safe to assume that this morning’s GDP will be no no exception.

The Chineses rate cut was a mild surprise, though there were official press reports preempting it earlier in the week, and coming on the back of 75bps rate cuts in Australia, it would be no great surprise if the BOK were also to cut rates this morning.

Full economic calendar..

6 Comments

  1. hi Sean, good day fiert of all

    do you think that the late cut rate by fitch on Spain to BBB make some moves tonight?
    thanks, as usual, for your helpful work!

  2. MISCLICK: I MEAN “FIRST OF ALL”

  3. Don’t think so Stefano, mkt has become immune to ratings cuts imho

  4. Which currencies would be affected positively/negatively by such a rate cut, other than the South Korean won? The Hong Kong dollar? Or the Singapour Dollar?

  5. Hi Matthew, yes it would have a small effect on the SGD, MYR etc but no lasting effect. Might change sentiment as the mkt then comes to expect more regional rate cuts

  6. How would if affect SGD? A rate cut would mean more liquidity, so more commercial exchanges with Singapour and a boost for SGD? I don’t know

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