AUD/USD Price Forecast - Australian dollar looking for footing

23 Mai, 2019, 05:54 | Auteur: Auguste Feret
  • Forex news for Asia trading Monday May 20 2019

Cutting borrowing costs is one way to encourage the faster economic growth that is necessary for the unemployment rate to come down further, which is seen as a prerequisite for the kind of wage growth and inflation that would lift the consumer price index into the 2%-to-3% target band.

"A lower cash rate would support employment growth and bring forward the time when inflation is consistent with the target", Governor Philip Lowe said in a speech in Brisbane Tuesday.

The dovish set of RBA minutes confirms the central bank is closing on rate cuts, as expected by markets.

To the upside, I believe that the 0.70 level is going to be hard to get above, but if we do this is a market that could really take off if we get good news coming out of the US/China trade situation. If you assume that we've already seen the high at 69.69 United States cents for the year, then the currency is likely to fall further, Rankin says.

Governor Lowe also conveyed bearish bias for the labor market and growth data. "While we can't rule out this possibility, the recent flow of data makes it seem less likely".

"If instead, we had used an assumption of unchanged interest rates, the growth forecast would have been lower and the forecast for unemployment would have been higher", said Lowe.

Markets priced in expectations that the RBA will deliver at least two in the next seven months.

Karolina Pliskova powers past Johanna Konta to take Rome title
Johanna Konta , ranked 47th in the world, has enjoyed a fairy-tale run to the Australian Open semifinals. Pliskova looks to win her second title of the year and her 13th title of her career.

IRS Memo: Trump's Tax Returns Must Be Turned Over If Congress Asks
But that would not prevent Trump from releasing them if he so chose. So I would not describe it as I've reviewed it, ' he said. In response to the leaked memo, Rep.

La mise à jour Windows 10 de mai est disponible
Utilisateurs de Windows 10 , l'heure est venue de faire chauffer votre connexion Internet pour mettre à jour votre système. Il informe sur des problèmes éventuels avec une version de Windows 10 , des solutions de contournement ou leur résolution.

Lowe said the vote had "no role at all" as the board comes to a decision "and implements that regardless of the political situation".

Secondly, we expect that the June quarter trimmed mean inflation print (released on July 31) will be 0.4% indicating that underlying inflation will print 0.7% for the first half of 2019, making it hard to persist with a 1.75% forecast for underlying inflation in 2019 - downgrading the underlying inflation forecast to 1.5% in 2019 will make it hard for the RBA to credibly forecast a return to 2% inflation in 2020.

Derek Rankin of Rankin Treasury Services says the domestic currency is at its lowest level this year and not far above the 64.20 U.S. cent low in October last year.

The potential delay of proposed government tax cuts to next financial year could reduce household income growth by 0.3% this calendar year, said Lowe.

However, our current assessment is that with the housing market stabilising in 2020 and the RBA uncertain about the impact of sub 1% cash rate on the economy the eventual low point in the cycle will prove to be 1%. It's rising at an average pace of just 2.75% compared with 6% over the preceding decade.

Note also that the May Minutes point to downside risks for the global economy and confirmed in today's speech.

Conseillé:



Populaire

Drake's new diamond jacket costs over half a million dollars
Drake even supplied a viral moment when he was caught on camera providing an impromptu shoulder rub to Raptors' coach Nick Nurse.

Un nouvel opus annoncé par Codemasters — GRID
GRID est une série que notre communauté adore, et nous sommes très heureux de la porter sur les consoles de nouvelle génération. Egalement, une Edition Ultimate, comprenant les 3 premières saisons du jeu sera disponible à l'achat prochainement.

Call him Abe Shinzo, not Shinzo Abe, Japan asks the world
But Japan Sports Agency Commissioner Daichi Suzuki said that the public should be consulted before the move. With a change in naming conventions, decluttering guru Marie Kondo could be referred to as "Kondo Marie".

Flamingo euthanized after elementary school student hits it with rock
Zoo officials in IL euthanized a flamingo after a kid injured the animal by throwing a rock into the exhibit Monday. But Tetzloff said zoo officials are not changing the layout despite what occurred, he told The Pantagraph .

Drake seen massaging Toronto Raptors coach's shoulders as some question his behavior
Drake, an avid Raptors fan, regularly trolled Antetokounmpo throughout the game and laughing when he missed free throws. The vast majority of us in the sports world could do with less Drake in our lives.

Marcus Smart was named to the NBA’s all-defensive first team
Indiana's Myles Turner received the only other First Team vote that did not go to either Gobert or Embiid at the center position. Amazingly this is the first ever All-Defensive selection for Thompson in his eight National Basketball Association seasons.

Plan may send up to 10,000 troops to the Middle East
On 8 May, Iran announced its decision to partially discontinue its obligations under the nuclear agreement. This is about continuing to protect our interest in the Middle East", Shanahan told reporters Tuesday.

Wendy Williams' Son & Estranged Husband Get Into Physical Fight
Kevin Hunter Jr. was charged with simple assault, according to the spokeswoman, following an altercation in West Orange. According to the outlet, Williams , 54, dropped the 18-year-old off at her house, not knowing Hunter was there.

Matthias et Maxime, mélo d'érable — Festival de Cannes
En 2009, avec J'ai tué ma mère , son premier long-métrage sélectionné à la Quinzaine des réalisateurs, le garçon se fait un nom. On peut officiellement qualifier le retour de Xavier Dolan à Cannes de triomphal! Le Mbappé du cinéma est québécois.

Cardi B Postpones El Paso Concert
Cardi fans will know that the rapper had to slow down her dance moves at the show because of her recent plastic surgeries . Doctors are now insisting she gives herself a few weeks to rest so that the swelling goes down.