Australian Dollar rises on hawkish sentiment surrounding RBA amid subdued US Dollar
The Australian Dollar (AUD) continued its winning streak on Monday that began on April 22, trading around the three-week high of 0.6560.
Read More »RBA meeting minutes: Consider a hike of 25bp or an on hold decision
Reserve Bank of Australia February meeting minutes. Board considered case to hike by 25 bps or to hold steady. Case to hold steady was the stronger one, appropriate given balanced…
Read More »RBA meeting minutes: Consider a hike of 25bp or an on hold decision
Reserve Bank of Australia February meeting minutes. Board considered case to hike by 25 bps or to hold steady. Case to hold steady was the stronger one, appropriate given balanced…
Read More »Australia Dec. Employment -65.1K (expected +17.6K) Unemployment rate 3.9% (exp 3.9%)
An ugly result, more than unwinding the strong November gain. Further evidence that the tightness in the labour market is dissipating. A less-tight jobs market will take some of the…
Read More »Australian November 2023 Private Sector Credit +0.4% m/m (prior +0.3%)
Data from the Reserve Bank of Australia. The housing and business credit numbers leading the way. AUD is getting some love: The Australian dollar is in an interesting spot for…
Read More »Australian October 2023 Private Sector Credit +0.3% m/m (expected +0.4%)
Data from the Reserve Bank of Australia Headline is up 0.4% m/m and 4.8% y/y Housing credit up 0.4% m/m (house price being launched into orbit will do that) business…
Read More »RBA minutes show intense focus on inflation and inflation expectations risks
Reserve Bank of Australia November meeting minutes, Headlines via Reuters: Considered case for raising rates or holding steady Board saw “credible case” that a rate rise was not needed at…
Read More »Australian Building Approvals for September: -4.6% m/m (expected +1.3%)
Australia Building Approvals for September 2023 come in at -4.6% m/m expected +1.3%, prior +7.0% A poor report for the sector. IF the RBA is eyeing data on the health…
Read More »Australian data – September Retail Sales +0.9% m/m (vs. +0.3% expected)
A huge beat on expectations for September retail sales from Australia. +0.9% m/m expected +0.3%, prior +0.2% all categories performing strongly Another data point that’ll surely add to the case…
Read More »Market Update – October 24
The sell off in Treasuries abated in the later part of Monday as low prices attracted buyers. Stock markets are also looking somewhat more stable and most Chinese stock gauges…
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