RBA pauses rates Australian dollar slides 1.3% ISM Manufacturing PMI expected to remain in negative territory The Australian dollar continues to swing wildly this week. In Tuesday’s European session, AUD/USD is trading at 0.6630, down Read more…
In June, unemployment rates in both Eurozone the EU remained stable at 6.4% and 5.9% respectively, according to Eurostat data. Eurostat estimated that as of June 2023, around 12.802m individuals in the EU were unemployed, Read more…
The Reserve Bank of Australia (RBA) this morning decided to leave the interest rate at 4.10%, although market participants expected an increase to 4.35%. According to the forecast of the central bank, inflation in Australia Read more…
Australia’s central bank, RBA has kept its policy cash rate unchanged at 4.1% for the second consecutive month. The tonality of the latest monetary policy implies that RBA is now data-dependent, and indirectly acknowledged the Read more…
Markets European (core) inflation and Q2 GDP growth topped expectations and keeps the September ECB meeting a very live one but it caught more attention from market watchers than markets themselves. The Fed’s Senior Loan Read more…
Australian Dollar is trading broadly lower after RBA opted to keep interest rates on hold. However, the currency’s losses remain contained was not too much out of expectations. RBA’s continued bias towards tightening, albeit arguably Read more…
RBA kept its cash rate target at 4.10%, retaining a hawkish bias. The bank noted, “Some further tightening of monetary policy may be required to ensure that inflation returns to target in a reasonable timeframe.” Read more…
Japan PMI Manufacturing was finalzied at 49.6 in July, down from June’s 49.8. That also marked the second month of concurrent decline in output and new orders. Usamah Bhatti at S&P Global Market Intelligence highlighted Read more…