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RBA’s Hunter: Housing market crucial transition channel for monetary policy
Reserve Bank of Australia (RBA) Assistant Governor Hunter said on Tuesday that the housing market is an important transition mechanism for monetary policy. Hunter added that the central bank is looking to cool things off in both the housing market and the broader economy.
Indonesia Foreign Reserves: $146.5 (July) vs $145.3
Indonesia Foreign Reserves: $146.5 (July) vs $145.3
Australian Dollar remains steady following China’s Trade Balance data
AUD/USD halts its four-day winning streak, trading around 0.7210 during Asian hours on Tuesday. The pair holds ground following the release Trade Balance data from China, Australia’s close trading partner.
China’s August Trade Balance: Surplus widens to $119.09 billion as expected
China's Trade Balance for August, in US Dollar (USD) terms, arrives at $119.09 billion, almost in line with $119.1 billion estimates, but higher than the July reading of $112.5 billion.
China Trade Balance USD came in at $119.09B, below expectations ($119.1B) in August
China Trade Balance USD came in at $119.09B, below expectations ($119.1B) in August
China Imports (YoY) came in at 28.2% below forecasts (30%) in August
China Imports (YoY) came in at 28.2% below forecasts (30%) in August
China Exports (YoY) in line with forecasts (25%) in August
China Exports (YoY) in line with forecasts (25%) in August
China Trade Balance CNY above forecasts (795B) in August: Actual (809.3B)
China Trade Balance CNY above forecasts (795B) in August: Actual (809.3B)
China Exports (YoY) CNY: 18.6% (August) vs 17.8%
China Exports (YoY) CNY: 18.6% (August) vs 17.8%
British Pound drifts higher to near 1.3550 on UK fiscal discipline pledges
The GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. The British Pound (GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK.
Australia National Australia Bank's Business Confidence declined to -8 in August from previous -6
Australia National Australia Bank's Business Confidence declined to -8 in August from previous -6
Australia National Australia Bank's Business Conditions dipped from previous 4Â to -1 in August
Australia National Australia Bank's Business Conditions dipped from previous 4Â to -1 in August
Japanese Yen rallies to February 18 high as upbeat wage data and GDP lift BoJ hike bets
The USD/JPY pair declines for the second straight day – also marking the fourth day of a fall in the previous five – and sinks to its lowest level since February 18, around mid-153.00s during the Asian session on Tuesday.