17 Jul 2015
Antipodean risks next week - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that the week ahead gets off to a quiet start with the release of the minutes from the RBA’s 7 July policy meeting.
Key Quotes:
"With rates kept on hold and the outlook broadly unchanged, we do not expect this to attract a sustained market response. Australia’s Q2 CPI will be crucial (22 July), however, and a meaningful shortfall from the consensus’ expectation for 1.7% y/y will increase expectations that further easing may be in the pipeline."
"Governor Stevens (22 July) will have the opportunity to address these risks as his remarks are directed at ‘all’ market participants. The key event in New Zealand comes Thursday (22 July) where the RBNZ is widely expected to deliver a 25 bps cut to 3.0%."
Key Quotes:
"With rates kept on hold and the outlook broadly unchanged, we do not expect this to attract a sustained market response. Australia’s Q2 CPI will be crucial (22 July), however, and a meaningful shortfall from the consensus’ expectation for 1.7% y/y will increase expectations that further easing may be in the pipeline."
"Governor Stevens (22 July) will have the opportunity to address these risks as his remarks are directed at ‘all’ market participants. The key event in New Zealand comes Thursday (22 July) where the RBNZ is widely expected to deliver a 25 bps cut to 3.0%."