After the Fed and the Bank of Japan kept their monetary policies unchanged, investors will be closely watching the Reserve Bank of Australia. » Read More
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.
The rally in the Aussie dollar following a surprisingly strong jobs report increases the likelihood of a rate cut next month, says Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays.
The Australian economy added more jobs than expected in March easing pressure on the central bank to reduce interest rates further.
Australian property prices are looking bubbly, but the surge may soon hit a wall due to few births, high mortality and sparse migration, Goldman said.
Roy Teo, senior FX & precious metals strategist at ABN AMRO, says the Australian dollar is headed for $0.72 against the greenback, with two more interest rate cuts lined up for the year.
Chris Tedder, research analyst at FOREX.com, explains why the New Zealand dollar will move past parity against the Australian dollar "sooner rather than later."
Asian stocks were higher across the board on Wednesday, with Tokyo, Seoul and mainland markets hitting fresh highs.
Shane Oliver, head of Investment Strategy & Chief Economist at AMP Capital Investors, discusses whether the Reserve Bank of Australia (RBA) will move to cut interest rates next month.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
Central banks are the key theme in Asia on Tuesday, with equities in the region largely in positive territory.
Tony Farnham, economist & Analyst at Patersons Securities, says the Australian central bank is likely monitoring Sydney's red-hot property market and discusses the odds of further easing next month.