Australia’s dollar held its longest losing streak in a month as investors bet the central bank will decide to cut interest rates that are already at a record low. Swaps markets give better than 70 percent odds the Sydney-based Reserve Bank of Australia will lower the cash rate target on Tuesday to 2 percent from […]
AUD/USD Remains Steady Around 0.7850 as RBA Decision Looms Read More »
Traders and economists are the most united they’ve been this year that central bank Governor Glenn Stevens needs to cut rates Tuesday in the face of a stronger currency. The market is pricing in a better than 75 percent chance borrowing costs will fall to a fresh record of 2 percent and 25 of 29
Resilient AUD/USD is No Friend of RBA Read More »
The Reserve Bank of Australia’s (RBA) decision may come down to the wire at its monetary policy meeting Tuesday, as economists eye an interest rate cut despite policymakers’ concerns over a too-strong Australian dollar and home price gains. “The RBA can’t have its cake and eat it,” Capital Economics said in a note last week.
RBA Decision Likely to be a Close Call Read More »
I appeared on Channel News Asia again this morning at 8:20am AEST / 6:20am SGT. My questions and my responses in the form of brief notes are below: Q1. What can we expect from the Australian market today? After a positive finish to U.S. equities last week, I expect a positive start to the ASX
Live TV Appearance on Channel News Asia Read More »
