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The Australian Dollar Gains as Renminbi Jitters Ease but a Moment of Reckoning Now Awaits

From poundsterlinglive.com

The Australian Dollar topped the G10 league table Thursday as financial market fears over the outlook for the Renminbi and state of U.S.-China relations ebbed, but the Antipodean currency is at an inflection point and approaching a moment of reckoning that could either mark recovery or prompt severe losses. Reserve Bank of Australia (RBA) Governor Philip Lowe will update lawmakers on the outlook for the economy and interest rates at 00:30 London time, before releasing the bank's latest statement on monetary policy at 02:30. Both events will provide the market more colour on Tuesday's interest rate decision. The RBA ... (full story)

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  • Category: Fundamental Analysis