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Wu Peng: The Australian Federal Reserve Failed To Cut Interest Rates And The Australian Dollar Rebounded Rapidly.

2015/3/3 15:12:00 25

Wu PengAustralian Federal ReserveAustralian Dollar

Overnight, the US dollar index rebounded and recovered a cross star. The US index broke 95.

High position finishing

It is now in the 95.34 line.

European unemployment figures and inflation data have been good for the euro, and Greece's debt restructuring yesterday has not been publicly opposed by European creditors.

In January, the annual rate of personal income in the United States was 0.3% lower than expected 0.4% and the previous value 0.3%. The US core PCE price index in January maintained an annual rate of 1.3%, while the US PCE price index in January was 0.2% lower than the previous value of 0.8%, consistent with expectations.

Core PCE price index and personal income remained stable, and PCE prices in January were in line with expectations.

In February, the US ISM manufacturing PMI 52.9 was lower than the previous value of 53.5 and the expected 53. In February, manufacturing data declined slightly.

Greek finance minister Wa Lou Fa Keith said yesterday in the euro area.

Debt restructuring

The only solution is that European partners will accept Greece's debt restructuring and there will be no new tightening policy. The next euro group meeting will put forward six reform proposals.

  

Eurozone

Creditors have already reached an agreement on debt restructuring, and the biggest resistance to debt restructuring now comes from international creditors.

Greek finance minister Varoufakis said Greece's initial budget surplus target in 2015 was 1.5% of GDP growth.

The euro area unemployment rate in January was 11.2% lower than the previous value of 11.3% and the expected 11.4%, a record low since April 2012.

The euro area February CPI initial value -0.3% is lower than the previous value -0.6% and the anticipated -0.4%, the euro area February core CPI initial value maintains the annual rate 0.6%.

The unemployment rate in the euro area has declined. The easing monetary policy began last year to stimulate the economy, deflation continued, but slightly improved.

Britain's manufacturing PMI 54.1 was higher than the previous 53.1 and expected 53.3 in February.

Today, the Australian Federal Reserve maintained a 2.5% interest rate unchanged at the time of the Asian market. It did not cut interest rates by 25 basis points, and the Aussie dollar rebounded rapidly around 0.7840.

The RBA says it expects economic growth to remain below the trend level, and that further easing is likely to happen in the future. Lower energy prices will increase global output and temporarily drag down inflation.

Today's concern: at 18:00, Carney, governor of the Bank of England, made a speech on the currency issue at the hearing of the Finance Committee.

17:30 UK February construction industry PMI, 18:00 euro area January PPI annual rate, 21:30 Canadian fourth quarter GDP, December GDP rate.


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