(eToro Blog) As investors await the official numbers from the ECB later this morning to determine the participation of today’s LTRO, mixed to the upside economic data out of Australia nonetheless helped the Australian Dollar once again hit the 1.08 level against its U.S. counterpart. On a month-over-month basis, retail sales figures for January were [...]
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China’s Soft Landing in Sight but Aussie and Kiwi Traders Prepare for a Crash
(eToro Blog) An adviser to the People’s Bank of China said that the slowing economic growth means that the government is likely to have successfully orchestrated the soft landing for which it has been aiming. Inflation is expected to ease from 2011’s 4.5% to about 3% this year, and some analysts believe that the central [...]
OpenBook Traders Turning Bearish on Kiwi
(eToro Blog) Reserve Bank of New Zealand governor Alan Bollard stated today that he expects to keep interest rates low due to moderate inflation and the European debt crisis. The official cash rate was also left unchanged at 2.5%. This was a shift in sentiment from Bollard who last month sounded more hawkish and expected [...]
