Japan All Industry Activity Index (MoM) dipped from previous 0.3% to 0.2% in July
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Sep 24, 2015
AUD: Prone to downside, risks elevated due to China - Rabobank
Jane Foley, Research Analyst at Rabobank, suggests that we still see risk that the RBA will cut rates again this cycle to provide insulation to the economic outlook – a view which is supported by signs that the housing market activity may at last be peaking. One factor that could slow the RBA’s trigger finger would be a continued fall in the value of Australia’s effective exchange rate. Either way we continue to see downside risks for AUD/USD towards 0.68 on a 6 mth view.
Risk-off returns along with Japan, German Ifo, US data – In focus
The Japanese traders returned to markets on Thursday after a three-day long break and brought along risk-sentiment back as the Japanese stocks tumbles catching up with latest global sell-off, fuelled by mounting worries over global growth prospects.