USD/CNY fix model : Projection 317 pips higher to 6.5736 - Nomura

Nomura's model projects the fix to be higher by 317 pips from the previous fix (6.5736 from 6.5419) and lower by 41 pips from the previous spot USD/CNY official close (6.5777).

Feb 5, 2016

RBA's SoMP: No material changes to GDP or inflation forecasts

The RBA’s quarterly Statement on Monetary Policy (SoMP) has been published, with the Central Bank still seeing reasonable prospects for continued growth in the economy, adding that no material changes to GDP or inflation forecasts.

AUD/UD mixed and volatile on Aussie data

AUD/USD sold off heavily on the release of the miss in retails sales for December and was then rescued on a conflicting statement on monetary policy.