The use of this website constitutes acceptance of our user agreement. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Lee Sue Ann, Economist at UOB Group, reviewed the latest RBA event (Tuesday).“The Reserve Bank of Australia (RBA) decided to maintain its current policy settings in August, including the targets for the cash rate and the yield on 3-year Australian Government “It was evident that the RBA sounded more cautious, in light of the state of disaster being declared in Victoria. The Reserve Bank of Australia (RBA) has today made the decision to keep the nation’s official cash rate on hold at 0.25% at its September monetary policy meeting. The low cash rate continues to drive historically low home loan interest rates.
Victoria accounts for around 25% of the economy and it remains uncertain as to how long the restrictions will last and how effective they will be.”“As far as monetary policy is concerned, the RBA has effectively exhausted conventional monetary policy by cutting the OCR to its self-imposed floor of 0.25%. The RBA SoMP is due at 0130 GMT on Friday 7 … The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Given the data was recorded prior to Melbourne moving to Stage 4 restrictions in August and fiscal support to JobKeeper is set to reduce in September, high unemployment is likely to persist for some time yet. The Reserve Bank of Australia (RBA) will release its quarterly Monetary Policy Statement at 01:30 GMT on Friday. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. AUD/USD consolidates from a 25-month high before attempting a bounce off 0.7360. Kickstart your 'dream' home with a $25k cash grant under the federal government's newly announced program.Coronavirus Small and Medium Enterprises (SME) Guarantee SchemeThe Reserve Bank of Australia (RBA) has today made the decision to keep the nation’s official cash rate on hold at 0.25% at its September monetary policy meeting.Level 10, 100 Pacific Highway, North Sydney NSW 2060Support for small business: All you need to know about the Coronavirus SME Guarantee scheme. US-China tussle, ambiguity over American relief package question ISM Manufacturing PMI-led bounce of the US dollar.WTI seesaws inside a weekly symmetrical triangle, bounces off $42.88 recently. The number of unemployed Australians grew over the month of July, bringing the seasonally adjusted unemployment rate to 7.5%. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. This coupled with unprecedented levels of Government support in the form of grants and incentives creates opportunity for prospective buyers. Thus, any further action would seem to necessitate a move further into unconventional territory, and what is left in the ammunition bag is negative interest "“High unemployment and persistently low inflation sitting well below the Board’s target range will keep the cash rate stagnant for the foreseeable future.” “In a speech delivered by RBA Governor Lowe to the House of Representatives Standing Committee on Economics, Lowe reiterated that the cash rate will remain at the current level for some years and highlighted the important role fiscal policy is playing in supporting the Australian economy. "“The latest data from the Australian Bureau of Statistics reveals the devastating impact the Coronavirus pandemic continues to have on the labour market. The Reserve Bank of Australia (RBA) Board decided at its September meeting to extend the Term Funding Facility (TFF) and asserted that it continues to consider further monetary policy …
The high degree of leverage can work against you as well as for you. It also does not guarantee that this information is of a timely nature. Aussie GDP can print the record GDP contraction, trade war with China and virus updates are also the key.USD/JPY fails to keep the previous day’s run-up to 106.15. "“Uncertainty over the economic outlook continues to weigh on consumer sentiment. Looking for financial advice?
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