Archive for July 6th, 2010

RBA Keeps Rates Unchanged at 4.50%

Tuesday, July 6th, 2010 at 3:06 pm  
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G10 Advancers and Decliners vs USD
CHF 0.31
GBP 0.13
EUR 0.06
JPY 0.02
The Reserve Bank of Australia this morning kept their benchmark interest rate unchanged at 4.5%. It was the second straight month the RBA kept rates unchanged. Australia has been one of the flag bearing G20 nations when it comes to policy tightening – the bank has hiked rates six times since October 2009 (starting at a 50 year low rate of 3%) to combat a very robust housing market and rein in…

Swiss CPI Disappoints

Tuesday, July 6th, 2010 at 3:06 pm  
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Another day sparse of economic releases presents itself, with this afternoon’s ISM non-manufacturing as the sole focus left ahead of this evening’s World Cup semi-final. The earlier release of Switzerland’s CPI print has provided some food for thought however; with the June reading coming in at a much lower than estimated 0.5% YoY (consensus 0.9%), down from last month’s 1.1% print. The…