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RBA Minutes: Lot of time was spent discussing Brexit - TDS

Research Team at TDS, notes that the RBA Minutes of the July meeting suggests that a lot of time was spent discussing Brexit.

Key Quotes

“But the Board concluding it would have only a “modest adverse effect” on the global economy. The tone on the domestic data was solid to mixed, but the Board concluded that more data is required to fine tune the outlook ahead of the RBA rate decision and SoMP.”

 

RBNZ proposes new LVR restrictions: Tightening the noose again - ANZ

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USD/JPY re-takes 106 as Nikkei bounces over 1%

The bulls were rescued by a quick recovery in the Japanese stocks, sending USD/JPY back toward 106 handle in early Europe. USD/JPY catches fresh bid-
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