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Week Ahead – Will US nonfarm payrolls and RBA decision rock the boat?
video Markets have been left somewhat bruised from a fresh round of hawkish gunfire from central bank chiefs, so nerves are running high ahead of the June jobs report out of America. The ISM PMIs and the Fed meeting minutes are also expected to send speculation about a July rate hike into overdrive. However, Australia’s Reserve Bank might decide against raising interest rates thrice in a row. The yen, meanwhile, will be hoping that Japanese data will provide some relief from its selloff. Can NFP report and ISM PMIs lift the rate path fog? Investors are being dragged kicking and screaming by policymakers to come ... (full story)