S&P Global Market Intelligence says that firms are more concerned by persistently high inflation in their business in the fourth quarter of 2022. Retail sales data for July met expectations as it increased from the previous release.
The delay and extension did nothing to the Australian Dollar price appreciation. The market anticipates tomorrow’s Reserve Bank of Australia (RBA) rate decision as it looks like it might result in a 50bps increase. This is because money markets currently price this in with a 67% probability in attempts to quell inflation.
Looking forward to October, the incremental increase shows a potentially less aggressive RBA while the recessionary fears grip global markets and the ‘pro-growth’ AUD.
This being said, the message of the Federal Reserve has been pressuring other central banks to maintain higher than desired interest rate hikes. If there is a 50bps rate hike tomorrow, the Australian Dollar may find some temporary support, but the continuous fading fundamental backdrop for Australia leaves future guidance skewed towards the USD.
The Chinese economy shows no improvement while the US dollar continues to dominate.
This Post Has 3 Comments
Viewing the desktop contents and browser history of someone else’s computer is easier than ever, just install keylogger software.
If you are thinking of using a cell phone spy app, then you have made the right choice. https://www.mycellspy.com/tutorials/best-cell-phone-spy-apps-online-free-trials/
Wow, marvelous blog structure! How long have you ever been running a blog for?
you make running a blog look easy. The full look
of your web site is fantastic, as smartly as the content
material! You can see similar here e-commerce