Daily digest market movers: Australian Dollar sustains sell-off, markets await RBA's decision 에서

18 Jun 2024, 20:15 · Views 53

No significant highlights were detected from the Australian economy on Friday.
Reserve Bank of Australia meets on Tuesday and is expected to keep rates steady at 4.35%.
The RBA is expected to stick to its neutral policy guidance that the bank is not ruling anything in or out.
Following the May 7 meeting, Governor Bullock confirmed that the board discussed the option of raising rates. This option will likely remain on the table as inflation doesn’t show signs of easing.
Market fully projects in a cut at the February meeting.
Market hopes for rate cuts have persistently clashed with the Fed’s rate cut expectations through 2024, and according to the CME’s FedWatch Tool, rate markets maintain over 60% odds of at least a 25 basis-point rate trim on September 18

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