- Monday, 30 January 2017
- News
Aussie little changed in a quiet Monday trade
There were no major data releases from Australia today. Although the quarterly figure was weaker-than-expected, the annual rate increased to 1.5% from 1.3% in the third quarter. This was, however, below the 1.6% expected increase. In addition to the headline inflation figure, core inflation also missed market expectations, rising 0.4% for the quarter against forecasts for an increase of 0.5%. Its year-on-year rate came in at 1.55%, slightly above the 1.5% expected rise.
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- Monday, 26 December 2016
- News
Aussie little changed in a quiet post-Christmas trade
There were no data releases from Australia today. As year is coming to its end, traders are making predictions for the next year. The RBA made its last interest rate cut on August 3. At that time, it reduced its benchmark rate 25 basis points to 1.50 percent. For the next several months, it hinted that it may be finished with its reducing cycle. However, certain economic events near the end of the year, suggest the RBA may have to make at least one rate cut in 2017.
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- Tuesday, 20 December 2016
- News
RBA Minutes showed uncertainity in labour market
Minutes from the latest RBA Meeting showed that member believe that there was still considerable uncertainty about the momentum in the labour market. The unemployment rate had declined over the past year, as had measures of excess capacity that accounted for the number of additional desired hours of work. Part-time employment had grown strongly over the previous year, but employment growth overall had slowed.
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- Monday, 12 December 2016
- News
Aussie testing 0.75 handle
There are no data releases from Australia today. The Australian Dollar firmed early last week after the Reserve Bank of Australia voted to leave its benchmark interest rate unchanged at 1.50% as highly anticipated. The RBA also made a few minor adjustments to its policy statement although it did not that “some slowing in the year-ended growth rate is likely, before it picks up again.”
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