Aussie Optimism Greets Minutes RBA

Monexnews-Dollar rise in Australia managed to obtain the strongest weekly in 6-months ahead of the release of the minutes of the Reserve Bank of Australia's meeting on 19 March ahead, which may provide clues about why policy makers maintain interest rates unchanged for the 3rd time in a row.

While the surge in jobs is the biggest in the 13-year-old, who looks at the data last Thursday, has forced traders to trim expectations declining interest rates RBA.

"Expectations of a decline in interest rates has reduced enough RBA reference substantially, thereby triggering strong rebound on the Aussie," said Derek Mumford, a Director at Rochford Capital in Sydney. "I think the RBA will be more careful, they do not want lower interest rates too far and too fast." (vid)

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Fundamentally Weak & Minutes Fed Overshadow Wall St

Monexnews-most traded stock on Wall Street weakened on Thursday following some disappointing economic data, amid concerns that the Federal Reserve might stop the program purchase its assets more quickly than expected.

Dow Jones Industrial Average plunged about 70 points, led by shares of Home Depot and Bank of America. S&P 500 and Nasdaq Composite were also under pressure, where each has lost 0.7% and 1.1% so far.

From the fundamental side, reports the Federal Reserve Bank of Philadelphia showed business activity index shrank sharply to-12.5 in February from 5.8 in January. The weekly jobless claims Data released by the U.S. Labor Department also showed an increase as much as 20,000 to 362,000, which is much worse than eskpektasi the increase be 355.000. The consumer price index was also flat for the 2nd month in a row earlier in the year 2013 as the fall in the price of gasoline and groceries.

While back home sales data released by the National Association of Realtors showed only a thin gain 0.4% to 4.920.000 units, with the availability of new homes for sale dropped to the lowest level in more than 13 years.

Previously the risk investors sentiment has been depressed by the latest policy meeting minutes, the Federal Reserve, where some U.S. policymakers began to worry about the impact of quantitative easing (QE3). They also called for the Fed to consider the termination of the asset purchase programme worth $ 85 billion per month more quickly. (vid)

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Sterling Plummeted Ahead Of The BoE Minutes

Monexnews-Sterling plummeting to the lowest position 7-month versus the Greenback as a new outbreak of speculation that the United Kingdom will soon lose their ' AAA ' credit rating. Worries about a recession, the prospect of further monetary easing and downgrade the credit rating risk United Kingdom continued to overshadow Sterling since the start of this year.

Investors will next focus fixed on the last meeting minutes to the Bank of England, which may give a signal about whether policy makers will continue to tolerate the high inflation and the weakening of Sterling resume willed.

"Although the impact is not very significant, rumors about the downgrade will still continue to overshadow the movement of Sterling," said Geoff Kendrick, a currency analyst with Nomura. Most analysts estimate the United Kingdom the possibility of credit rating downgrades would occur after Chancellor George Osborne presents his budget report in mid-March. (vid)

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