The Australian dollar rallied after the Reserve Bank of Australia surprised some by tempering its call for a lower currency, triggering a short squeeze.» Read More
Asian equities sold off on Wednesday, as weak corporate results in Sydney and an unimpressive U.S. lead took a toll on trading sentiment.
Khoon Goh, senior FX strategist at ANZ, explains why the jump in the Aussie currency following the Reserve Bank of Australia's statement on Tuesday will be short-lived.
Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's rate cut.
Paul Bloxham, chief economist for Australia & NZ at HSBC, says upbeat comments from the Reserve Bank of Australia means the central bank could keep rates on hold for the rest of 2015.
With markets already pricing in a rate cut, the Aussie dollar will only weaken slightly if the central bank lowers interest rates on Tuesday, says Felicity Emmett, head of Australian Economics at ANZ.
Lutfey Siddiqi, global head of Emerging Markets FX, Rates & Credit at UBS, says the Reserve Bank of Australia needs to lower interest rates by 25 basis points due to sub-trend economic growth.
Steven Ciobo, parliamentary secretary to the Minister for Trade and Investment and Minister for Foreign Affairs of Australia, outlines the opportunities Australia sees in Singapore and China.
Amid a weak domestic economy, the Reserve Bank of Australia has to "do its job" by cutting interest rates, says David Bassanese, chief economist of BetaShares Capital.
A rate cut by the Reserve Bank of Australia will serve as a prelude to growth forecast downgrades in Friday's quarterly statement, says Ben Jarman, senior economist at JP Morgan.
The Reserve Bank of Australia will likely cut rates this week amid economic headwinds and the Aussie dollar could see more volatility, says Tony Nash, vice president at Delta Economics.
The RBA's decision may come down to the wire at its policy meeting Tuesday, as economists eye a rate cut despite concerns over a strong currency and home prices.
Kumar Palghat, director at Kapstream, expects the Reserve Bank of Australia to cut rates at Tuesday's policy meeting even though easing measures are having a mixed impact on the economy.
Australia won't lose its coveted triple-A rating, its Treasurer said, slapping down speculation the country might face its first downgrade in 26 years.
With Australia's inflation and jobs data showing signs of improvements, markets are pricing in too much for a May rate cut, says Jesper Bargmann, head of Trading, Asia at Nordea Markets.
Jonathan Cavenagh, senior FX strategist at Westpac, says Australia's first-quarter inflation data released on Wednesday isn't weak enough to guarantee an interest rate cut next month.
Asian stocks traded higher across the board on Wednesday, with bourses in Japan and Shanghai closing at new multi-year highs.
Jeffrey Halley, senior manager for FX Trading at Saxo Capital Markets, says an interest rate cut is unlikely to have a "multiplier effect" on Australia's economy.
Asian stocks jumped on Tuesday, joining the global rally induced by China's move over the weekend to stimulate its cooling economy.
Whether Greece leaves the European Union, the euro will reach parity with the U.S. dollar over the next 12 months, says Eric Viloria, currency strategist at Wells Fargo Securities.
While the jobs data for March came as a relief, Australian markets will likely still be worried over the rout in commodity prices, says David Greene, head of Dealing at AFEX Australia.