South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
Is the RBA to hold the rate?
The Reserve Bank of Australia’s release of the interest rate is at 5:30 MT on November 5. There are strong opinions among the analysts that there will be no rate cut announcement on November 5 meeting, so the market expects it to stay at 0.75%. Although the Australian financial authorities previously expressed their will to stimulate the economy and lift the inflation rate through rising wages, it has been outlined that households and savers would suffer more if the rate was lowered. For this reason, no change is expected this time, but let’s keep our eyes open.
- If the RBA is hawkish, the AUD will rise
- If the RBA is dovish, the AUD will fall.
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Latest news
South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
USD: waiting for the reaction of the US purchasing managers
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
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