Australia Glenn Stevens, RBA Governor Speech

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Latest Release: 22-10-2014 21:00:00
Next Release: 03-04-2014 02:00:00
Source:Reserve Bank of Australia
RBNZ Talks Down the Kiwi
Sep 26th, 2014 at 10:06 AM

Of the three speeches by central bank chiefs yesterday, only the Pound was moved significantly with some help from a worse than expected US Durable Goods Orders figure – rallying half a cent. Speeches by RBA Governor Glenn Stevens and ECB President Mario Draghi did not provide anything new for traders to get excited over, though Stevens did discuss macro-prudential controls as an alternative to interest rates to fight out of control housing speculation.

US data has been the main focus to close out a quiet week; New Home Sales surprised to the upside on Wednesday with a reading of 504,000 versus analyst expectations of 432,000; Durable Goods Orders conversely surprised to the downside, with a decline of 18.2% – the figure is not as bad as it appears, given that last month saw a large increase due to aircraft orders and the large month on month decline is strongly affected by this. There were no surprises in the employment data, with Unemployment Claims coming in as-expected at 293,000 in line with trend. US Final GDP will be announced tonight to round out the week; the...

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