In the final quarter of 2018, the German economy stalled, narrowly dodging recession because the fallout from global trade clashes and Brexit threatened to heavily impact a decade-long expansion in the EU’s number one economy…
RBA meeting will set the way for AUD/USD
|The Australian dollar has suffered a lot since the end of January 2018. Recently AUD/USD fell to the lowest levels since June 2017. However, the Reserve Bank of Australian does not want the Australian dollar to strengthen because it would threaten the nation’s economic growth. As a result, the central bank keeps its interest rate at the record low of 1.5%.|
According to the RBA governor Philip Lowe, the “Australian dollar has depreciated a little recently, but on a trade-weighted basis remains within the range that it has been in over the past two years. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.”
The Reserve Bank of Australia will release its rate statement at 7:30 MT time on June 5. Although there are no doubts that the RBA won’t increase the interest rate at this meeting, it’s still worth reading the central bank’s statement. There will be an outlook on current economic conditions and clues on the future monetary policy. The dynamics of the AUD will depend on the tone of the RBA.
• Dovish RBA – weak Australian dollar;
• Hawkish RBA – strong Australian dollar.
In January, the annual rate of inflation in Great Britain went down to 1…
The levels of retail sales and core retail sales for the US will be released on February 14 at 15:30 MT time.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…