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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessThe AUD rallied sharply early Monday............>
RBA: The AUD rallied sharply early Monday following the stronger Australian
retail sales data. This leaves the AUD the strongest of the G10 currencies at
the beginning of the week, against a weaker USD. However, the RBA meeting
tomorrow morning is a risk factor. Note that economists' forecasts for RBA rate
hikes have scaled back over the past month. The median of forecasts is for no
hikes in 2018. Economists see a first hike coming in Q1 2019, but forecasts for
a second hike have now been pushed back to Q3 2019 from Q2 2019 previously.
Market pricing is even more cautious with the first hike not fully priced until
June 2019. We also note that in the minutes from the last meeting, the RBA
highlighted that members saw risks to the forecasts in both directions.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.