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Preview: Reserve Bank of Australia Policy Meeting

admin1 year ago1 year ago04 mins

Ahead of the Reserve Bank of Australia’s (RBA) policy meeting today (0430GMT), the market is closely watching the central bank’s next move amidst inflation concerns and fluctuating expectations on interest rate cuts. The Australian dollar (AUD) hit a two-month high recently due to broad-based dollar weakness, influenced by a less hawkish Federal Open Market Committee…

Preview: China’s Manufacturing PMI and the Australian Dollar

admin1 year ago1 year ago05 mins

The upcoming release of China’s official Purchasing Managers’ Index (PMI) for April (0130GMT) could signal a slight deceleration in the manufacturing sector, with the PMI projected to decrease to 50.3 from 50.8 in March. This suggests that China’s manufacturing activity is expanding at a slower pace, barely maintaining above the critical 50-point mark that separates…