
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
On Tuesday, the Australian dollar headed south in Asia after the publication of the minutes of the RBA’s April meeting.
Eventually, the currency pair AUD/USD hit 0.7148, slipping by approximately 0.3%.
Australia’s key financial institution actually expects inflation to stay muted for some time, although suggested that it’s still open to rates cut on the condition inflation remains low, while the jobless rate jumps.
Additionally, the RBA also stressed that the deceleration in GDP surge contradicts the improvement in the Australian labour market.
Aside from that, the USD index stood still, keeping to 96.570.
The evergreen buck was pressured earlier this week because American leader came up with his hard criticism of the major US bank once again over the weekend. The blamed the key US financial institution for decelerating growth and also diving stocks by its tightening monetary policy.
While not a key directional catalyst, the Empire State manufacturing index went up by 6.4% in April to an outcome of 10.10, as the New York Federal Reserve told on Monday. It beat forecasts for an outcome of 6.70.
As Charles Evans, Chicago Federal Reserve President told, he expected the Federal Reserve to remain on pause until the autumn of 2020.
Meanwhile, the core personal consumption expenditures price index, the Fed's preferred inflation gauge hit 1.8%.
As a matter of fact, the currency pair EUR/USD went down by 0.1% reaching 1.1302 because investors wait for further news on Brexit.
Furthermore, the currency pair USD/CNY managed to tack on by up to 0.04% ending up with a reading of 6.7061.
The currency pair USD/JPY declined by 0.1% being worth 111.92.
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
Reserve Bank of New Zealand (RBNZ) will reveal Official Cash Rate and make a statement about monetary policy on October 6, 04:00 GMT+3.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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