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Markets are currently pricing in no chance of a move in the 1. The Federal Reserve left their benchmark rate unchanged at 2. The US Dollar index slipped to We think GDP will continue to grow at around 2.
Trump talk pushes dollar to near two-week highs
With a lack of data published last week in Australia the Aussie Dollar followed offshore risk themes for most of the week based on Brexit and trade talk headlines. Perched around the 0. If the Aussie can push above key 0. With the shift to neutral from the RBA and slowing growth in China confirmed in recent data the Aussie has been unable to find any support higher across the board.
Recent rhetoric by the RBA confirmed they were certain of future upbeat results to come out of job numbers and lower unemployment.
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A very quiet week for local data the kiwi was stuck in the 0. Both could move the kiwi out of current ranges if the data surprises. Last quarter showed a large GDP is expected to print at 0. Risk markets will be guided by headlines in the ongoing Brexit saga as well as US-China trade talks which are could be quiet this week with the next trade meeting pencilled in for late April.
The RBA left rates unchanged at 1. Inflation remains low but stable and should pick up over the coming years.
The Tipping Point: How Little Things Can Make a Big Difference
With all aspects of the economy showing weakening data the RBA seem to be upbeat that wage growth and low unemployment should improve in the coming months. Trade Balance has surprised markets when figures showed an increase of nearly 2B to 4. The only reason the Aussie has bounced off 0. US NFP Non-Farm Payroll jobs data showed only a further 20, people were added to the workforce — the figure significantly down on the expected , number. Unemployment came in better than expected at 3.
Global Auction Milk prices have again posted another positive result of 3. Another quiets week for data for the local currency suggesting outside influences will impact for the second week running. With all aspects of the economy showing weakening data the RBA seem to be hinging hopes on upbeat wage growth and low unemployment towards 4.
The only reason the Aussie is not trading below 0. The Bank of Canada maintained its 1. Inflation is forecast to be a little less than 2. The BoC are uncertain about future timing of rate increases and will watch developments in Oil markets, household spending and US trade policy.
The Canadian Dollar got absolutely hammered on the announcement and is sitting around weekly lows. NZ: — AU: Get a quote Apply for an account. FX News. Directfx admin April 12, am April 30, Projections were positive growth prospects would improve in the second half of the year supported by shifts to central banks monetary policy The EU have agreed to a Brexit extension to 31 October 6 months as Theresa May continues to work on her page withdraw agreement and a political declaration on the future of the UK.
Directfx admin April 9, am May 20, Australia All in all it was a solid week for the Australian Dollar closing just above its opening price around the 0. New Zealand Who turned up to work an hour early? Directfx admin April 5, am April 5, Directfx admin April 2, pm April 2, Australia Twas a quiet week on the docket for Australian economic releases.
New Zealand Adrian Orr left rates unchanged at 1. Directfx admin March 29, am March 29, Directfx admin March 26, am March 26, Directfx admin March 22, am March 22, Directfx admin March 19, am March 20,