menu search

Australian dollar getting sold after China rate cuts, RBA minutes, miss on wages data

Australian dollar getting sold after China rate cuts, RBA minutes, miss on wages data
China rate cuts info is at these links, cuts to both the MLF and reverse repo rate:The People's Bank of China cut the MLF to 2.5% from 2.65 previously:PBOC 1 year MLF rate cut to 2.65% (prior 2.75%), as widely expectedAnd cut the reverse repo rate to 1.8% from 1.9% previouslyPBOC sets USD/ CNY reference rate for today at 7.1768 (vs. estimate at 7.2648)And the RBA minutes:RBA minutes: credible path back to CPI target with cash rate staying at its present levelThe minutes indicate a patient RBA.Al... Read More
Posted: Aug 15 2023, 01:40
Author Name: forexlive
Views: 102893

Search within

Pages Search Results: