With covid vaccinations likely to kick off at the end of the ongoing month, Australian Prime Minister Mr. Scott Morrison said Thursday that the government would buy another 10 million doses of Pfizer’s vaccine. He also said that the country now has access to 150 million doses of the vaccine. Its worth mentioning that AstraZeneca’s [...]
At its first monetary policy meeting of 2021 on February 2, the Reserve Bank of Australia (RBA) board members decided to maintain the official cash rate (OCR) at a record low of 0.10%, matching the market’s consensus. The RBA left its three-year bond yield target unchanged at 0.10%. It has also decided to purchase an [...]
The already uptrend Aussie dollar extends its gains as the Australian Bureau of Statistics (ABS) reported better-than-expected fourth-quarter inflation figures. Australia's Consumer Price Index (CPI) rose 0.9% quarter-on-quarter in the fourth quarter, leaving behind the estimate of a 0.7% rise but it is down from the preceding quarter's 1.6% rise. In December, the ABS had [...]
December month employment statistics from the Australian Bureau of Statistics released 00:30 GMT on Thursday, it is the catalyst for the AUD/JPY pair traders. Australia boasted another solid rise in employment in December as strength in consumer spending and housing helped drive the jobless rate down to 6.6%, recovering most of the job losses suffered [...]
