The Australian Dollar went through a considerable bout of weakness recently. Most of the fundamental data, or at least its interpretation by market participants, suggests additional rate cuts by the Reserve Bank of Australia later in the year. Some even speculate that multiple rate cuts (0.50-0.75%) are already “priced in”, although this statement amounts to [...]

Coming week does not bring as many important fundamental developments as past few days did, and those on the calendar are of somewhat smaller caliber. No policy meetings by central banks and no key unemployment numbers. However, we will have few important inflation data, including the PPI from Germany and the CPI from Canada. In [...]

The Swiss National Bank holds policy meeting tomorrow, coming under new pressure to weaken domestic currency. Today, in a special session of the Swiss Parliament, many lawmakers urged the bank to take additional steps to combat Franc’s recent revival. While the currency is nowhere near the levels from summer last year, some politicians expressed desire [...]