Page 30 - Construction Index News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share: The RBA maintained its monetary policy unchanged, despite noting economic improvement. Equities fell while US Treasury yields retreated, favoring the greenback. AUD/USD is gaining bearish strength and could soon retest the year low at 0.7531. The AUD/USD pair trades around the 0.7700 level after falling to 0.7674, its lowest since mid-April. The Reserve Bank of Australia had a monetary policy meeting early on Tuesday, and as widely anticipated, policymakers left rates at record lows. The central bank pledged to maintain its current supportive policy, despite the rapid economic recovery...

5/4/2021 10:06:08 AM GMT Notes/Observations Asia - RBA left Cash Rate Target unchanged at 0.10% and maintained its 3-year Yield Target at 0.10% (both as expected); Keeps its dovish undertones and put focus on its July meeting whether to retain the April 2024 bond or shift into the November 2024 maturity for its 3-Year Yield Target; to also consider a 3rd QE program at that time. - Australia Mar Trade Balance: A$5.6B v A$8.2Be. - Australia MP Ted O'Brien seeks to fight Communist China with boycotts and sanctions. - Analysts believe that if Australia terminated the lease of Port Darwin to the C...

Asian Markets Mixed Amid Cautious Trade CANBERA (dpa-AFX) - Asian stock markets are mixed amid cautious trading on Wednesday, following negative cues overnight from Wall Street, as traders are uncertain about the near-term outlook for the markets following recent strength. Traders also continue to weigh the impact of a surge in coronavirus cases and extension of lockdown restrictions in several markets. Asian markets closed mixed on Tuesday. However, the IMF opened its spring meetings on Tuesday by forecasting the strongest global expansion in at least four decades for this year. Traders are ...

Share: Mixed Australian data somehow hurt demand for the aussie. Global stocks traded with a soft tone throughout the day. AUD/USD is poised to challenge the April monthly low. The AUD/USD pair edged lower despite the broad dollar’s weakness, ending the day near a daily low at 0.7603. The pair fell throughout the day, with the aussie weighed by the sour tone of global equities. The greenback picked some steam ahead of the US close, mainly up against commodity-linked rivals. Australian data released at the beginning of the day was mixed, as the AIG Performance of Construction Index improve...

Share: The RBA left its monetary policy unchanged as widely anticipated. Broad dollar’s weakness helped the pair post a modest intraday advance. AUD/USD gains bullish traction, still needs to move above 0.7700. The AUD/USD pair finishes Tuesday with modest gains trading in the 0.7660, price zone. The Reserve Bank of Australia announced its latest monetary policy decision earlier in the day, but as widely anticipated, they maintained the official cash rate at a record low of 0.10%. Policymakers also maintained its target of 10 basis points for yield on a 3-year Australian government bond,...