Intra-Day Market Moving New and Views
16 Sep 2014
AUD/USD - the RBA releases its minutes :
-most prudent course likely to be a period of stability for rates
-policy must take into account risk of further large build-up in home prices
-members observed additional speculative demand could amplify property price cycle
-members noted there had not been a general easing in mortgage lending standards to date
-members judged current policy stance contributing to sustainable growth
-A$ remained above most estimates of its fundamental value
-iron ore prices had declined noticeably over the past month
-signs of pick up in labour demand, but some time before jobless rate declined consistently
-mining investment little changed in Q2 but should fall significantly over the next year
-degree of spare capacity in labour market apparent in the slow growth of wages
-recent Chinese data consistent with official GPD target of 7.5%
-conditions in China's residential property market remain a risk to outlook for China
Tuesday will see the release of Australia's RBA meeting minutes, U.K. CPI, PPI and RPI, Bank of England quarterly bulletin, Germany's ZEW current conditions and economic sentiment, U.S. core PPI final demand, Canada's manufacturing sales, U.S. Redbook and overall net capital flows.
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