9 Apr 2015
Asian calendar low key today - Westpac
FXStreet (Bali) - Sean Callow, FX Strategist at Westpac, notes that other than the BOK rate decision, today's Asian calendar is a low key one.
Key Quotes
"The Bank of Korea should keep rates at 1.75% today, with all forecasters expecting no change. The press conference will be of some interest though. The Asian calendar is otherwise low key."
"Greece owes the IMF EUR460mn today, a payment its government insists it is able to make. The Bank of England MPC is also expected to remain firmly on hold ahead of the UK elections in May. There should be limited impact on markets, as the BoE only releases a statement with a change in policy. We will hear more with the release of the minutes in two weeks’ time. The US calendar is limited to initial jobless claims and Feb wholesale inventories."
Key Quotes
"The Bank of Korea should keep rates at 1.75% today, with all forecasters expecting no change. The press conference will be of some interest though. The Asian calendar is otherwise low key."
"Greece owes the IMF EUR460mn today, a payment its government insists it is able to make. The Bank of England MPC is also expected to remain firmly on hold ahead of the UK elections in May. There should be limited impact on markets, as the BoE only releases a statement with a change in policy. We will hear more with the release of the minutes in two weeks’ time. The US calendar is limited to initial jobless claims and Feb wholesale inventories."