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AceTraderFx Aug 8: Intra-Day Market Moving News & Views AUD/USD
Intra-Day Market Moving New and Views
08 Aug 2014 01:33GMT
AUD/USD - ... News on Reuters, the RBA releases its quarterly monetary policy report, qoute:
Australia c.bank repeats outlook likely to be period of stability for interest rates;
RBA sees economic growth little below average over 2014/15, above average thereafter;
RBA trims GDP forecast for end 2014 to 2.5 pct vs 2.75 pct, lowers forecast band for 2015;
Underlying inflation for end 2014 seen at 2.25 pct vs 2.5 pct, 2.25-3.25 pct for end 2015;
Removal of carbon tax to lower CPI by 0.75 ppt, underling inflation 0.25 ppt in 2014/15;
Jump in July unemployment might be partly due to survey changes, sample rotation;
Unemployment rate likely to remain elevated for some time, not decline until 2016;
Slack in labour market, improved productivity to keep domestic costs contained;
A$ high by historical standards, fall in terms of trade mean A$ could drop over time;
Falling mining investment, fiscal consolidation to drag on economic growth;
Growth supported by strong resource exports, low rates, upswing in home building;
Sees pick up in China aided by policy stimulus, expects Beijing to meet 7.5 pct 2014 target.
Intra-Day Market Moving New and Views
08 Aug 2014 01:33GMT
AUD/USD - ... News on Reuters, the RBA releases its quarterly monetary policy report, qoute:
Australia c.bank repeats outlook likely to be period of stability for interest rates;
RBA sees economic growth little below average over 2014/15, above average thereafter;
RBA trims GDP forecast for end 2014 to 2.5 pct vs 2.75 pct, lowers forecast band for 2015;
Underlying inflation for end 2014 seen at 2.25 pct vs 2.5 pct, 2.25-3.25 pct for end 2015;
Removal of carbon tax to lower CPI by 0.75 ppt, underling inflation 0.25 ppt in 2014/15;
Jump in July unemployment might be partly due to survey changes, sample rotation;
Unemployment rate likely to remain elevated for some time, not decline until 2016;
Slack in labour market, improved productivity to keep domestic costs contained;
A$ high by historical standards, fall in terms of trade mean A$ could drop over time;
Falling mining investment, fiscal consolidation to drag on economic growth;
Growth supported by strong resource exports, low rates, upswing in home building;
Sees pick up in China aided by policy stimulus, expects Beijing to meet 7.5 pct 2014 target.