The Reserve Bank of Australia's (RBA) Deputy Governor Guy Debelle was out on the wires Tuesday, stating lack of conviction in negative interest rate policy as a tool to boost inflation and employment. The central bank recently cut rates to a record low of 0.10% and has been buying bonds since the second quarter to [...]
NZD/USD extends its rally to hit the highest levels since December 2018, as the bulls rejoice a big beat on New Zealand’s Retail Sales data. The NZ retail consumer spending jumped by 28% QoQ in Q3 vs. 20% expected. Meanwhile, successful vaccine trials - led risk-on mood also adds to the strength in the Kiwi. [...]
Fundamental view: Aussie showed a mixed trend for the past week. A tough lockdown was imposed in South Australia, although it was lifted sooner than expected after contact tracers found out that one infected person deliberately lied about his exposure and contact with others. South Australia state Premier Steven Marshall explained the situation in a [...]
Fundamental view: Gold markets have pulled back during the course of the week The upbeat Industrial Production and Retail Sales data from China revived hopes for a steady global economic recovery and provided a boost to market sentiment at the start of the week. Additionally, Moderna announced that its coronavirus vaccine candidate was 94.5% effective [...]
