Thursday, 25 October 2012

Daily Afternoon Report 25/10/2012



Earlier Thursday, the Reserve Bank of New Zealand kept its benchmark interest rate unchanged at 2.5%, marking Governor Graeme Wheeler's first decision as head of the central bank, after replacing Alan Bollard in late September.
The preliminary release of the UK Q3 GDP came in much stronger than expected causing EUR/GBP to plunge, while GBP/USD rose.
The euro extended its correction versus the dollar after the jobless claims drop as well as the durable goods orders rise to more than expected levels.
Elsewhere, the yen remained broadly weaker amid mounting speculation over the possibility of more easing by the BoJ at its upcoming policy meeting on October 30.

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