Intra-Day Market Moving News and Views
18 Nov 2014 00:31GMT
AUD/USD - ........ statement from RBA minutes, quote:
- Australia C.bank minutes repeat outlook is for period of stability in rates
- A$ above estimates of fundamental value, providing less help to economy
- BoJ stimulus, Japanese pension fund flows could keep A$ above fundamental value
- RBA board cited considerable uncertainty over China property market, impact on economy
- domestic growth running at moderate pace, to remain below trend until late 2016
- very low rates, growing population to support housing market, home building
- higher home prices filtering through to household wealth and consumption
- RBA board noted lending to home investors rising noticeably faster than to owner occupiers
- mining investment still set to fall sharply, offset by rising resource exports
- RBA board noted non-mining investment not being hampered by cost or availability of finance
- labour market subdued, would be some time before unemployment fell consistently
- sluggish wage growth to help keep inflation in line with target range
Tuesday will see the release of Australia's CB leading indicator, Westpac leading index and RBA meeting minutes, China house prices, U.K. CPI, PPI and RPI, Germany's ZEW economic sentiment, U.S. PPI, Redbook, NAHB housing market index, net L-T flows, overall net capital flows and foreign treasury buys.
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