Forex Analysis for Tuesday 18th July 2017
EUR Final CPI (Headline and Core) hit target.
NZD CPI missed at 0.0% vs 0.2% expectation.
US Republican Senators Moran and Lee are to vote against Senate Healthcare Bill. (Newswires)
Early today (Tuesday) AUD Monetary Policy Minutes from July 4th meeting stated that the steady policy stance is consistent with growth and inflation targets. The Minutes also stated Underemployment is still elevated and wage pressures subdued, and fiscal policy is to be more expansionary in 2017/18 than previously expected. (Newswires)
GBP CPI missed at 2.6% vs 23.9%.
The USD drops as the Healthcare Bill dies. Global equities are directionless although the FTSE250 rises to the 50MA and the AUS200 drops as the RBA talks of more expansionary fiscal policy. The JPY moves sideways and the GBP drops yesterday and again this morning on the poor CPI number. The AUD climbs on the RBA minutes and the NZD falls on the CPI miss but has recovered at the time of writing.
Nothing not already covered.
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