RBA The Board of Reserve Bank of Australia (RBA) met on Tuesday 6th July 2021 to decide the monetary policy. The policymakers decided to provide ongoing support for the Australian economy. The goal is to achieve a low unemployment rate and keep the inflation rate consistent with the target range of 2 to 3 percent. […]
RBA – Monetary Policy and Latest Market Expectation Read More »
AUD/USD Day’s Range: 0.74311 – 0.74860 The USD weakened against major currencies as Treasury yields slipped. Federal Reserve Chairman Powell admitted that inflation data is higher than expected during the transitory period, however, he believes that it was still too soon to scale back the Fed’s support for the U.S. economy. This suggests the possibility
15/07/2021 Thursday Read More »
AUD/USD Day’s Range: 0.74164 – 0.74625 Investors start to be aware of the potential significant slowdown in the growth for the second half of 2021 and the market is moving away from risk assets. The Governor of RBA, Lowe, focused on labour market and how it will impact their monetary policy decision-making in his speech
Thursday 17/06/2021 What to Know China pledges to release metal reserves to tackle price and shortage fears. The Chinese government is concerned with the commodity price rally, which pushed factory gate price up to their highest since 2008 and threatened to squeeze industry profits. Data AU May MI Leading Index : -0.1% v. 0.2% prev. UK May
17/06/2021 Thursday Read More »
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