Australia's central bank maintained its interest rate and the target yield on three-year government bonds as economy experiences severe downturn after measures taken to stem the spread of coronavirus, or Covid-19. At the monetary policy meeting on Tuesday, the Reserve Bank of Australia board kept its interest rate at a record low 0.25 percent. more...
Wage prices in Australia were up a seasonally adjusted 0.5 percent on quarter in the fourth quarter of 2018, the Australian Bureau of Statistics said on Wednesday. more...
Australia posted a seasonally adjusted current account deficit of A$10.688 billion in the third quarter of 2018, the Australian Bureau of Statistics said on Tuesday. more...
USD: Bullish "We stick to our bullish USD view. Recent comments from Fed Governor Lockhart suggest that September is still very much in play, and as markets bring the timing of the first hike forward, this should support USD." EUR: Bearish "The EUR has been difficult to trade recently given that European stories such as Greece or the ECB have gone away from the market’s focus. Instead we expect EURUSD to trade lower on more ...
"USD: Increasing Sensitivity to Inflation. Neutral We remain medium-term USD bulls, but we continue to believe USD will struggle in the near term. The FOMC meeting this week has changed the near-term outlook as a more dovish than expected Fed has made front end yield differentials less USD supportive. We believe inflation readings will have more importance with employment bouncing back but core inflation remaining low. Should inflation start materially ...
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