Upcoming News » 6:30pm Construction PMI - GBP » No release time, GDT Price Index - NZD As expected the RBA cut interest rates by 25 basis points. The AUDUSD dropped on the news but has retraced most of its drop. The AUDUSD lost 54 pips to .7488, buyers have come back in taking it back above .7500. The AUS200 lost ground after the disappointing...
Last night the Swiss National Bank and the Bank of England kept rates on hold, which was expected. The CPI data came out worst than expected but no big surprises. We also had the Philly Fed manufacturing index, which was much better than expected at 4.7. As to what was expected at 1.1, so it was a good strong figure. Unemployment came out a bit w...