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Quiet session ahead of anticipated FOMC on Wednesday

Quiet session ahead of anticipated FOMC on Wednesday
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*Australia House Price Index +3.0% On Quarter, +3.6% On Year In Q4

Australia House Price Index +3.0% On Quarter, +3.6% On Year In Q4
Australia House Price Index +3.0% On Quarter, +3.6% On Year In Q4
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Aussie yawns after RBA minutes - MarketPulse

Aussie yawns after RBA minutes
March 16, 2021SharePrint
The Australian dollar is having a quiet Tuesday session. Currently, the pair is trading at 0.7744, down 0.14% on the day.
Aussie dips lower
The RBA minutes were a non-market mover on Tuesday, as there were no surprises from the central bank. The committee remains focused on employment and wage expectations. The minutes noted the sharp appreciation in the Australian dollar since November 2020, adding that the currency was “lower than it would have been otherwise as a result of the Bank’s policies.” The committee reiterated that they did not anticipate raising interest rates prior to 2024. This dovish stance is consistent with the Federal Reserve, which has said it does not plan to raise rates prior to 2023. Lowe wants to see inflation move up to the bank’s target of between 2% and 3%, and only then raise rates. ....

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