Page 2 - Sector Net Borrowing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australian Dollar trades broadly higher today, lifted partly by resurgence in risk sentiment, as well as robust PMI data reflecting the cyclical recovery in Australian economy. Improvement in the economic outlook reduces the immediate need of a rate cut by RBA. Judo Bank, who complied the PMI data, warned about the possibility for another rate hike if economic activity continues to pick up while inflation remains elevated.

Financial markets' attention on Tuesday will be trained on a raft of purchasing managers surveys due out covering manufacturing and services sector activity in the euro area, UK and U.S..

The spotlight for the rest of the day is firmly on the upcoming FOMC minutes. Investors and traders alike will dissect for clues regarding the timing of the first rate cut, although expectations for concrete hints are tempered. However, it should also be pointed out that the narrative within certain market segments is increasingly complex.

Investors' focus in the middle of the week will be on the release of the minutes of the Federal Reserve's most recent policy meeting, in January.

Investors' focus over the coming week will be on a raft of global purchasing managers' surveys that may yield useful insights into the strength of the global economy.