Australia Central Bank to Keep Stimulus Even as Economy Roars
May 03 2021, 10:46 AM
May 03 2021, 12:30 AM
May 03 2021, 10:46 AM
(Bloomberg) Discover whatâs driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
(Bloomberg)
Discover whatâs driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here
Australiaâs central bank will maintain its highly supportive policy settings despite surging growth and falling unemployment, as it faces up to the even bigger challenge of lifting wages and inflation from record lows.
Australia’s Stimulus Debate Gets a Jolt From Canada’s Taper
Bloomberg 1 hr ago Michael Heath and Ruth Carson
(Bloomberg) The Bank of Canada’s move to scale back debt purchases may fuel debate on whether its Australian counterpart is certain to extend its yield-curve control and announce a third round of quantitative easing.
Governor Tiff Macklem is scaling back purchases of Canadian government debt by a quarter and accelerating the timetable for a possible interest-rate increase at a time when Australia’s economy is arguably outperforming its North American peer. Reserve Bank of Australia Governor Philip Lowe will have a close eye on developments in Ottawa while he awaits a pickup in consumer prices and wages at home.
Australia Central Bank Holds as Housing Surge Comes to Fore
Apr 06 2021, 2:47 PM
April 06 2021, 10:31 AM
April 06 2021, 2:47 PM
(Bloomberg) Australiaâs central bank kept its key policy instruments unchanged Tuesday following the cooling of a global bond selloff and as the impact of record-low interest rates on asset markets comes into focus.
(Bloomberg) Australiaâs central bank kept its key policy instruments unchanged Tuesday following the cooling of a global bond selloff and as the impact of record-low interest rates on asset markets comes into focus.
Reserve Bank of Australia Governor Philip Lowe and his board held the cash rate and three-year yield target at 0.10% and made no changes to the longer-dated bond-buying program. The central bank on Friday releases its semi-annual financial stability review thatâs likely to hone in on lending and housing.
Following
AUD/USD Weekly Forecast: Pressure mounts in the near-term, but bulls still has an ace up the sleeveANALYSIS |
3/12/2021 3:43:24 PM GMT
The Reserve Bank of Australia took action to curb the yields rally.
The US Federal Reserve is having a monetary policy meeting this week.
AUD/USD could fall towards 0.7620 but the long-term bullish picture persists.
The AUD/USD pair is has managed to post a modest advance this week, recovering well above the 0.7700 threshold. The greenback strengthened on the back of soaring government bond yields, but in the case of AUD/USD, the stronger dollar was partially offset by Wall Street reaching all-time highs. The Dow Jones Industrial Average and the S&P both hit records on Thursday, after US President Joe Biden signed the $ 1.9 trillion stimulus bill into law, granting more easy money to markets.
Euro, Australian Dollar Forecast: EUR/AUD May Fall Within Channel as Stocks Hold Up 2021-03-12 03:00:00 Daniel Dubrovsky, Strategist
Euro, Australian Dollar, EUR/USD, ECB, RBA, Stocks – Analyst Pick
Euro at risk vs. Australian Dollar as ECB, RBA downplay bond yields
Majors-based EUR index & EUR/AUD trading within falling channel
A near-term rise may prove to be short-lived as key downtrend holds
The Euro may remain at risk against the growth-linked Australian Dollar as market risk appetite holds generally upbeat. Over the past 24 hours, the European Central Bank stepped up its pandemic emergency purchase programme (PEPP) in response to rising nominal government bond yields. The latter poses a risk to equities as it tends to inspire portfolio reallocations, from large financial institutions to general retail traders.