
Russian-Ukrainian conflict is influencing every economic aspect…
The Reserve Bank of Australia will make a rate statement on March 2, at 5:30 MT time. Last time, the Reserve Bank of Australia kept the interest rate at a record low of 0.1% and pledged to maintain rates on hold until at least 2024. Besides, the central bank claimed it would extend its bond-buying program by an extra $76.2 billion.
Australia is enjoying a V-shaped recovery as the Covid-19 pandemic is almost taken under control. Therefore, the RBA is ready to tighten spending (reduce its bond-buying), but if it implies it at the current time, it will risk sending the AUD soaring and damage exports and jobs. The main aim for the RBA now is to stop the aussie from rising too much, that’s why it would continue its massive support.
Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY
Russian-Ukrainian conflict is influencing every economic aspect…
Australia will release employment change and an unemployment rate on Thursday, November 11, at 02:30 MT (GMT+2).
Read the article to get the latest news and fresh trade ideas!
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
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