Back

What to expect from this week's Aus CPI? - ANZ

FXStreet (Bali) - Riki Polygenis, Co-head of Australian Economics at ANZ, notes that this week's Australian Q4 CPI figures are expected to show a continuation of recent disinflationary trends.

Key Quotes

"Q4 inflation figures (due on Wed 28 January at 11:30 AEDT) are expected to show a continuation of recent disinflationary trends. Headline inflation is forecast at 0.3% q/q and 1.8% y/y."

"Within this, fuel prices will subtract (-0.3ppt), while the tobacco excise increase will provide some offset (+0.15ppt). Underlying inflation (average of trimmed mean and weighted median) is forecast at 0.5% q/q and 2.2% y/y."

"Low inflation outcomes and should allow scope for the RBA to cut the cash rate in coming months to further support domestic economic activity. Wages growth is low and petrol prices will subtract a further 0.6ppt from headline inflation in Q1 2015 if they hold at current levels."

"While the lower currency will continue to push up tradables inflation, recent inflation outcomes do not contradict our assumption that pass-through will be muted and protracted, while low global inflation outcomes will also help contain import prices."

EUR/USD: Potentially down to parity - 2ndSkies

EUR/USD is likely to get even more bearish with news that Syriza has won the Greek election, notes Chris Capre, Founder at 2ndSkies Forex, adding that a move to parity later on the year should not be ruled out.
อ่านเพิ่มเติม Previous

NZ PM Key: Kiwi to enter range, ECB QE not silver bullet

New Zealand Prime Minister Key - former currency trader - is crossing the wires - via an interview conducted in Davos -, noting that the Kiwi is expected to trade in a range in coming months, while adding that ECB's QE alone will not fix Europe’s problems.
อ่านเพิ่มเติม Next