Macroeconomic weekly wrap up
Tune in to hear reporter Jason Walls providing a wrapup of the week's macroeconomic news and events.
Tune in to hear reporter Jason Walls providing a wrapup of the week's macroeconomic news and events.
Silver lining for the Greeks: The Greeks met the April 9th repayment deadline to the IMF.
“There was a bit of controversy surrounding this issue and if the Greeks will actually pay the IMF after a Greek minister told a German newspaper the Greeks might not be able to.”
More news from the FOMC: Minutes released this week show a “divided house” over the timing of US rate hikes.
“There has been a lot of commentary from economists about when rates would be lifted and June was thrown around a lot. But that’s not looking as promising now”
Close but no cigar for NZD/AUD parity: NZD was a whisker away from achieving parity with the Australian this week.
“A lot hinged on the RBA’s interest rates announcement this week; if rates did drop, the New Zealand dollar would have probably broken parity.”