OctaFX | OctaFX Forex Broker
Open trading account

RBA's SoMP, China trade next up - RBS

FXStreet (Bali) - FX Strategists at RBS see risks to the AUD as modestly on the topside on today's Statement on Monetary Policy(SoMP) by the RBA.

Key Quotes

"The RBA releases the Statement on Monetary Policy (SoMP) that accompanies the August post-decision press release on Tuesday. The post-decision press release showed that the RBA’s outlook for interest rates and the economy is little changed overall, meaning the scope for major revisions within the quarterly SoMP is low."

"We feel that at the margin the RBA will sound more upbeat on domestic growth conditions while not ramping up their concern on the strength of the currency (which has already been well signalled). That leaves us as seeing the risks to the AUD as modestly on the topside through the release. China’s trade balance is expected to be released as well, which may prove to be a greater driver of AUD sentiment over the next 24 hours."

Australia: Labour market seems to have stalled - Nomura

Charles St-Arnaud, FX Strategist at Nomura, notes that Thursday's jobs report in Australia suggests that the labour market seems to have stalled after a solid start to the year.
Read more Previous

EUR/USD remains in negative territory - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained the performance of EUR/USD in the US session.
Read more Next
Start livechat