The euro jumped after minutes of the European Central Bank's December meeting on Thursday paved the way for a shift in forward guidance early in 2018. Meanwhile, gold is showing resilience, defying calls for a correction.
Editor’s Picks 12 September 2016 at 23:32 GMT

Aussie hasn’t fallen as far as RBA expected post-boom, says Kent

The Australian dollar failed to depreciate by as much as the central bank expected in response to weaker commodity prices and a record-low interest rate, Assistant Governor Christopher Kent said, citing very easy and unconventional policies elsewhere in the world. “The exchange rate -- the real trade weighted index, or real TWI -- has not depreciated by quite as much as might have been expected in response to the actual decline in the terms of trade and the reductions in domestic interest rates,” Kent said in a speech at a Bloomberg business breakfast in Sydney. “At least in part, this reflects lower-than-expected global growth and inflation, which has led to a prolonged period of very low interest rates and unconventional monetary policies in the major economies.”
Read full article at Bloomberg


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail