Tuesday: Hawkish RBA could boost AUD
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Federal Reserve members are backing their 50 basis point rate cut, supporting views of a soft landing. The Aussie dollar is strengthening ahead of potentially hawkish RBA rate commentary today. Expectations rise for a new China stimulus package.
In our bonus deep dive interview, ANZ Senior Economist Catherine Birch analyses how the RBA is placed for its cash rate decision today following last week’s 50 basis point cut by the Fed, and the ongoing strength in Australia’s jobs market.
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Tuesday: Hawkish RBA could boost AUD