ECB’s Coeure: Monetary policy is boosting Eurozone growth

ECB governing council member Mr. B. Coeure was on the wires via Reuters today, defending the central bank’s monetary policy stance.

Key Quotes:

Monetary policy is boosting Eurozone growth

Policy will take longer to impact on inflation

Greece will stay in Eurozone and will receive debt relief

Hope that UK stays in EU to avoid period of prolonged uncertainty

May 2, 2016

USD/JPY: Modest support from buying on dips but upside capped – Deutsche Bank

Taisuke Tanaka, Strategist at Deutsche Bank, notes that the major lifers have unveiled their investment strategies for FY3/17 and they face a situation in which securing yields in excess of the assumed rate of return is challenging under the negative interest rate policy.

NZD/AUD: RBA to be the main influence on near term direction - Westpac

Imre Speizer, Senior Market Strategist at Westpac, suggests that it’s a big week for NZD/AUD cross, with the RBA likely to be the main influence on near term direction.