Outlook 2016: Global Economy - Rabobank

FXStreet (Bali) - The global economy will expand in volume at a rate of about 3% in 2015, notes Allan Bruinshoofd, Head of International Economics at Rabobank.

Key Quotes

Global growth is sustained but serious action from policymakers is needed for growth acceleration

US almost ready for first interest rates hike; rest of the world looks on anxiously

Eurozone growth continues but joint action is needed to improve long-term growth potential

Vulnerabilities exposed in China and other emerging countries

Normalisation of monetary policy is risky for the economy, but so is excessively long-lasting expansionary monetary policy

AUD/USD finds its way above 0.71 post RBA minutes

AUD/USD has found a bid tone after a few minutes of whipsawing up and down, pressing a few pips above the 0.71 mark now, following the release of the RBA minutes, in which the Central Bank noted that the decision to keep rates on hold in October was based on the firmer prospects for growth.
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EUR/USD at fresh 7-month lows, Paris attacks weigh

Amid thin liquidity, the EUR/USD has taken yet another hit south, printing a fresh 7-month low at 1.0660, fast approaching its multi-month bear trend low of 1.0463 reached last March 13th.
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