September month employment statistics from the Australian Bureau of Statistics creates an important update for traders as it portrays the employment damages Victoria’s lockdown did amid the corona virus (COVID-19) resurgence. Total employment fell -29.5k in September, Full-time employment fell –20.1k while part-time fell –9.4k with both representing a –0.2% decline in the month. In [...]
AUD/USD is up for the key moves as not only the Reserve Bank of Australia’s (RBA) but the Aussie budget is also ready for publishing, respectively around 03:30 GMT and 08:30 GMT, on Tuesday. The Reserve Bank of Australia (RBA) held its cash rate and the targeted yield on 3-year bonds unchanged at 0.25% during [...]
The Reserve Bank of Australia's board reaffirmed that it would not increase the cash rate target until progress is made towards full employment, inflation. Members noted that the downturn had not been as severe as earlier expected and recovery was underway in most of Australia. The Keynotes of the Minutes of the Monetary Policy Meeting [...]
At its September monetary policy meeting this Tuesday, the Reserve Bank of Australia (RBA) board members kept the official cash rate (OCR) unchanged at a record low of 0.25%, as widely expected. “The board decided to maintain the targets for the cash rate and the yield on 3-year Australian government bonds of 25 basis points,” [...]
