- RBNZ leaves cash rate unchanged at 2.5 % . Appropriate for policy to be held steady . Trading partner outlook weak, Chinese growth has slowed .
- Bollard says NZ $ bouyed by QE overseas , wants to see NZ growing more strongly than it is . Has options on level of interest rates .
- New Zealand August business PMI falls to 47.2 from 49.4 .
- BOE quarterly bulletin : higher inflation volatility expected -MNI
- Australia September consumer inflation expectations at 2.4% .
- BOK leaves rates unchanged at 3.0% after expectations of a 0.25% cut .
- Dutch Labor leader Samson concedes defeat to PM Rutte .
Big questions of the evening :
- Does Germany’s Court always wear those wacky robes and hats ?
- All you need to know about the upcoming Fed decision but were afraid to ask ?
- Where the hell is this guy Xi ??
Other than those, the market continued to slowly sell the dollar across the board during most of the session . Of course all eyes will be focused on the Fed later , with very high expectations that they will act leaving room for market disappointment if they fail to deliver . The SNB meeting today expected to leave rates at zero and will they announce anything about a higher euro peg ?
EUR/USD trading at the highs of the session at 1.2920 , targeting resistance level at 1.2935/40. Selling ahead of 1.3000 (barrier 1.20/1.30 DNT) should keep a lid on the rally for the time being . Good support now below at 1.2810/30 .
USD/JPY back to being a non-event except when there’s cross interest against the EUR /AUD/ or CAD . Selling above at 77.90/00 with support at 77.50/60.
AUD/USD stayed firm most of the session reaching a high of 1.0485/90. Good selling interest above at 1.0500 with support 1.0440/50.
Enjoy Your Day .
