News in 60 Seconds: GBP Weakness Abounds!
by, 09-28-2009 at 09:20 AM (1100 Views)
Theme of the day so far: GBP weakness...GBP/JPY, GBP/USD biggest % losers on the day.
USD/TRY, AUD/NZD, EUR/NZD biggest gainers today on NZD weakness.
Sept. 28 (Bloomberg) -- Australian government stimulus spending will need to be eased and interest rates raised as the nations economy expands, central bank Governor Glenn Stevens said.
In due course, both fiscal and monetary support will need to be unwound as private demand increases, Stevens said in Sydney today. The bank has already signaled that interest rates can be expected, at some point, to move off their current unusually low levels.
Iran conducts 3rd round of missile tests all over the weekend. Missiles have the potential to reach Israel.
ECB President Trichet speaks at 10:30am EST.
BOC's Gov. Carney speaks at 3:55pm EST.
NZD Building Consents out tonight at 5:45pm EST.
Strong yen hitting Mazda & Toyota: Mazda Leads Carmaker Shares Lower as Yen Strengthens (Update2) - Bloomberg.com
Bernanke speaking on Thursday.
NFP (Non-Farm Payrolls) on Friday.
Nat Gas 3.93