Australia Feb Westpac Leading Index (MoM) increase to 0.6% vs 0.3%

Apr 17, 2013

Commodities Brief: Crude Oil WTI shrugs off early losses, finishes higher after volatile session

It was another volatile day in the commodities markets, as Crude Oil WTI was able to shrug off early weakness in the overnight session and closed up 1.63% at 89.16. The commodity traded as low as 86.37 in overnight trade, before rebounding and trading sharply higher the majority of the European/New York sessions.

Forex Flash: The RBNZ will be very comfortable with today's CPI - Westpac

NZ CPI rose 0.4% q/q, 0.9% y/y, in line with Westpac’s forecast. According to the bank, "the high exchange rate has been a powerful force suppressing inflation in recent times, and this quarter was no exception."