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The members of the Reserve Bank of Australia's monetary policy board said that low inflation allowed them to keep the nation's benchmark lending rate steady at a record low, minutes from the bank's June meeting revealed on Tuesday. more...
House prices in Australia were down 0.2 percent on quarter in the first quarter of 2016, the Australian Bureau of Statistics said on Tuesday. more...
Trading the News: Canada Consumer Price Index (CPI) A slowdown in Canada’s headline & core Consumer Price Index (CPI) may drag on the loonie and fuel the near-term advance in USD/CAD as it puts pressure on the Bank of Canada (BoC) to further support the real economy. What’s Expected: Why Is This Event Important: Even though BoC Governor Stephen Poloz sticks to the sidelines in 2016 and largely ...
The unemployment rate in Australia came in at a seasonally adjusted 5.7 percent in May, the Australian Bureau of Statistics said on Thursday. more...
Trading the News: U.S. Consumer Price Index (CPI) Even though the U.S. Consumer Price Index (CPI) is expected to hold steady at an annualized 1.1% in May, an uptick in the core rate of inflation may prop up the greenback and spark a near-term pullback in EUR/USD as it puts greater pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy sooner rather than later. What’s Expected: ...
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