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The AUD/JPY cross extends its upside and trades in positive territory for the third consecutive day during the early Asian trading hours on Tuesday. The cross currently trades ...
Japanese Finance Minister Shunichi Suzuki said on Tuesday that he “will closely monitor FX market moves, which have seen changes in the environment.” Additional quotes: FX should ...
The AUD/USD staged a rebound thereafter and reached an intraday high of 0.6821 on 27 July, just shy of the 0.6835 intermediate before it staged a bearish reversal and shed -198 ...
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent. Interest rates have been increased by 4 percentage points since May last year. The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy and will continue to do so. In light of this and the uncertainty surrounding the economic outlook, the Board again decided to hold interest rates steady this month. This will provide further time to assess the impact of the increase in interest rates to date and the economic outlook. Inflation in Australia is declining but is still too high at 6 per cent. Goods price inflation has eased, but the prices of many services are rising briskly. Rent inflation is also elevated. The central forecast is for CPI inflation to continue to decline, to be around 3¼ per cent by the end of 2024 and to be back within the 2–3 per cent target range in late 2025. The Australian economy is experiencing a period of below-trend growth and this is expected to continue for a while. Household consumption growth is weak, as is dwelling investment. The central forecast is for GDP growth of around 1¾ per cent over 2024 and a little above 2 per cent over the following year. Conditions in the labour market remain very tight, although they have eased a little. Job vacancies and advertisements are still at very high levels, although firms report that labour shortages have lessened. With the economy and employment forecast to grow below trend, the unemployment rate is expected to rise gradually from its post: *RBA: Rate Pause Will Provide Time to Assess Impact of Hikes post: RBA: THE RECENT DATA ARE CONSISTENT WITH INFLATION RETURNING TO THE 2–3 PER CENT TARGET RANGE OVER THE FORECAST HORIZON AND WITH OUTPUT AND EMPLOYMENT CONTINUING TO GROW post: RBA: FURTHER MONETARY POLICY TIGHTENING MAY BE REQUIRED. post: RBA: INFLATION IS DECREASING BUT REMAINS EXCESSIVE.
A partner at Balyasny Asset Management does not appear to be a fan of specifying pronouns to clarify your gender. Jeffrey Runnfeldt, the San Francisco-based head of global ...