Tuesday, 19 November 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
AUD/USD trims gains as RBA SoMP downgrades growth forecast
Friday, 8 November 2019 08:21 WIB | CURRENCIES |AussieDolarAUD/USD,Dolar AS

AUD/USD has backed off from the session high of 0.6906 to 0.6895 in response to the downward revision of the Aussie growth forecast by the Reserve Bank of Australia (RBA).

The Statement of Monetary Policy (SoMP) revised lower the gross domestic product (GDP) forecast for December quarter to 2.25% from 2.50%.

Further, it said the board members stand ready to ease further if needed. The central bank has cut rates three times this year to a record low of 0.75%.

The Aussie economy is 'gradually coming out of a soft patch', wage growth is low and no longer expected to pick up, the SoMP added.

Source : FXstreet

RELATED NEWS
Dollar nurses losses as hopes for trade deal fade...
Tuesday, 19 November 2019 08:08 WIB

The dollar nursed losses against major currencies on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback. There have been high exp...

U.S. Dollar Falls as Trade Deal Uncertainty Spreads...
Monday, 18 November 2019 23:27 WIB

The U.S. dollar fell on Monday after CNBC reported that Chinese officials are pessimistic that a trade deal will be signed. The report, which cited government sources, said the bleak outlook was due ...

Dollar Hits 1-Week Low as Trade Developments Awaited...
Monday, 18 November 2019 15:39 WIB

The dollar slid to one- week lows against a currency basket on Monday, as traders awaited fresh indications on whether the U.S. and China are moving closer to a deal to end their trade war which has r...

Pound Rises as Conservatives Pledge to Back Brexit: Inside G-10...
Monday, 18 November 2019 09:58 WIB

The pound strengthened against all its Group-of-10 peers after U.K. Prime Minister Boris Johnson said Conservative candidates pledged to vote for his Brexit deal if he wins the Dec. 12 elect...

Euro Recovery Odds Seen Rising on Signs of Stabilizing Economy...
Friday, 15 November 2019 23:09 WIB

Investors awaiting signs whether the euro is ready to stage a comeback will be closely watching next week™s regional manufacturing report. The preliminary data, due next Friday, will help investors...

LATEST NEWS
Hong Kong stocks end with another strong rally

Hong Kong stocks enjoyed another big rally Tuesday as investors remain confident of a China-US trade deal, while the protests that hammered the city last week show signs of subsiding. The Hang Seng index climbed 1.55 percent, or 412.71 points, to...

European stocks open higher despite concerns for US-China trade talks

European markets opened in positive territory on Tuesday despite uncertainty and pessimism over the outcome of trade talks between the U.S. and China. The pan-European Stoxx 600 climbed 0.3% in early trade, with travel and leisure stocks rising...

China stocks rise most in two weeks on fresh stimulus hopes

China stocks rose the most in two weeks on Tuesday, as a cut in a key interbank funding rate on Monday bolstered hopes for more government stimulus to prop up slowing growth. The blue-chip CSI300 index rose 1.0%, to 3,947.04, while the Shanghai...

POPULAR NEWS
Gold Edges Up On Chinese Worry Over Trump Impeachment
Tuesday, 19 November 2019 03:44 WIB

Gold was back on track to being a hedge to the trade war on Monday after talk of Beijing™s anxiety over President Donald Trump™s impeachment...

Gold Slides as ETF Holdings Drop, Trade Talks Progress
Monday, 18 November 2019 16:00 WIB

Gold declines after a narrow weekly advance as investors awaited fresh developments on the trade front and weighed data that showed a drop in...

Gold Steady With Trade Developments, ETFs in Focus
Monday, 18 November 2019 09:36 WIB

Gold was little changed after a narrow weekly advance as investors awaited fresh developments on the trade front and weighed data that showed a...

Hong Kong stocks start with gains
Monday, 18 November 2019 09:05 WIB

Hong Kong stocks opened higher Monday following another record-setting close on Wall Street, though traders remained on edge as the city was wracked...