EUR/USD
1.15038
0.019%
Gold
4288.95
0.733%
Oil
73.986
-1.277%
USD/JPY
160.622
-0.020%
GBP/USD
1.32802
-0.094%
GBP/JPY
213.319
-0.113%
Real-time News
Swiss National Bank President: We take the overall situation into account when we intervene. The Swiss franc has depreciated slightly since the last meeting.The Eurozones unadjusted current account balance for April was €14.9 billion, compared to €24.1 billion in the previous month.The Eurozones seasonally adjusted current account balance was €15.7 billion in April, compared with €14.9 billion in the previous month.On June 18th, the Federal Reserves June post-meeting statement made no mention of any hints about next steps, or what economists call "forward guidance." Previous Fed chairs, starting with Bernanke, believed such guidance was beneficial because it allowed financial markets to dictate interest rate movements based on the Feds preferences. Warsh stated at a press conference that forward guidance was "not well-suited to the current policy juncture." He had previously criticized forward guidance and quarterly economic projections, arguing they could lock the Fed onto a specific interest rate path. Warsh also stated that he was forming five task forces to review the Feds communication methods, the data sources upon which policy decisions are based, and the framework for assessing inflation, all aimed at ensuring the Fed "remains clear-headed and forward-looking." Diane Swonk, chief economist at KPMG, said the formation of these task forces indicates Warsh is not trying to force change, but rather seeking consensus. He wants participation, not orders to change the Fed.The Eurozones seasonally adjusted current account for April will be released in ten minutes.
