Tag Archives: AUD
RBA confirms “neutral bias” and “period of stability in rates”
The April Board minutes contained few surprises for the markets. The markets are not pricing in a full rate hike until mid-2015.
The Week Ahead in FX
In the week ahead, market watchers will be focusing on speeches by Fed Chair Janet Yellen, as well as reports on U.S. retail sales and housing starts.
Unemployment rate falls sharply to 5.8% in March
The decent lift in jobs over March bettered market expectations which were centred on a small rise of 2.5k {CBA(f) +11k}.The outcome was particularly impressive given the big spike in jobs over February.
Where is the RBA’s pressure point on the AUD?
We noted in a Dataflash last week that the RBA tweaked its rhetoric on theexchange rate in the statement issued after the April board meeting.
Jobs, surveys and statistical noise…
The March labour force numbers swing into focus this week.We expect employment to rise by 11k in March, which would besufficient to leave the unemployment rate at 6%.
The Week Ahead in FX
In the week ahead, markets will be focusing on Wednesday’s minutes of the Fed’s most recent policy setting meeting. Monetary policy meetings by the Bank of Japan and the Bank of England will also be closely watched.
Weekly CFTC Trader Positioning Data
On a year-to-date basis the USD has weakened against all of theprimary currencies (with the exception of CAD) accordingly long USD positions have been frustrating.
Trade Balance, February 2014
The February trade surplus was much larger than expected, coming in at $1,200mn. Market consensus was looking for asurplus around $800mn (CBA (f): $850mn).
RBA Keeps Rate Unchanged; Confident On Growth Despite High AUD
The Reserve Bank of Australia left its cash rate unchanged on Tuesday as widely expected and again said that the exchange rate remains high by historical standards.
Dwelling prices spike in March
RP Data-Rismark report that Australian dwelling prices posted a solid rise in March following a flat outcome in February.The monthly lift in dwelling prices took annual growth to over 10%.
Australian Markets Weekly – RBA $A jawboning not particularly useful
The main event this week will be Tuesday’s RBA Boardmeeting. They will keep their cash rate target at 2½% at themeeting but there will be interest in the accompanyingStatement.
The Week Ahead in FX
In the week ahead, investors will be looking to Friday’s U.S. nonfarm payrolls report for March for further indications on the strength of the labor market,