AUDCNY AUD/CNY
- 4.7237
- +0.0101+0.21%
AUD/CNY News
Express News | The mmf bridge project has completed preliminary exploration work. The next step will be fully taken over by participating central banks and monetary authorities.
Trump trade dragging down emerging markets, trade war concerns resurface!
Analysts say that Trump's election as president will lead to higher US bond yields and a stronger dollar, causing a double blow to emerging markets.
Reserve Bank of Australia Seen Lowering Cash Rate to 3.6% by End-2025
Caixin C50 Wind Index Survey: October crediting may be slightly tight, expected slight decrease in social financing growth.
①The median forecast for new RMB loans in October is 0.58 trillion yuan, with a year-on-year decrease in incremental growth of 0.16 trillion yuan; ②The median forecast for new social financing scale in October is 1.47 trillion yuan, with a year-on-year decrease in incremental growth of 0.38 trillion yuan; ③October CPI year-on-year reading may remain unchanged, while PPI year-on-year decline may narrow; ④Fiscal policy will increase countercyclical adjustment efforts, and the central bank still has a relatively large space for balance sheet expansion.
Australian Dollar Falls Ahead of US Election Results, Georgia Exit Polls Tilt Toward Trump
In October, australia's AiG manufacturing PMI rose to -19.7 in the economy.
Australian industrial conglomerates (AiG) announced that, after seasonal adjustment, Australia's overall industry indices plummeted by 10.1 points in October to -28.8, marking the 30th consecutive month of contraction. In the same month, AiG's manufacturing PMI rose by 14 points to -19.7. Australia's October Performance of Construction Index (PCI) dropped by 21.1 points to -40.9. The input price index fell sharply by 12.6 points to 34.2, reaching the lowest level since 2020, consistent with the easing inflation pressure in Australia. The selling price index turned negative, indicating that more companies are reducing prices than increasing them. Due to weak economic activity and employment, capacity utilization continues to decline to 7.
AUD: Politics, Public Spending and Inflation – Rabobank
To hedge the risk of the usa election, traders are shorting the euro and british pound, and longing the Swiss franc and German bonds.
European traders are trying to short the Euro and British Pound before the impact of the US election results come out, and hedge risks with Swiss Franc and German bonds.
RBA Waiting to Take Action – Commerzbank
Australia: RBA Holds OCR Steady – UOB Group
Global awaits the results of the USA election. Australian central bank sticks to high interest rates to address inflation challenges.
The Reserve Bank of Australia decided on Tuesday to keep the benchmark interest rate at a 13-year high of 4.35%.
Reserve Bank Holds Interest Rates Steady Despite Inflation Hitting Four-year Low
RBA Has Longer to Wait Before It Feels Safe Cutting Rates -- Market Talk
Express News | Australia Reserve Bank Governor Lowe: Interest rates need to remain restrictive for a period of time.
Analysts: Economists will have to face the reality of the Australian central bank cutting interest rates in mid-2025.
On November 5th, for anyone hoping for a recent rate cut, the policy statement released by the australian Federal Reserve is rather bleak. Not only did it keep the official cash rate unchanged at 4.35%, but the policy committee also continued to indicate that there is still some possibility of further rate hikes. This week's newspaper headlines will be filled with comments about the austrialian Federal Reserve playing the role of "Scrooge" before Christmas, while economists will have to face the reality that a rate cut may have to be postponed until mid-2025.
ASX 200 Takes the Latest RBA Interest Rate Verdict in Stride
The Reserve Bank of Australia kept interest rates unchanged as scheduled, remaining cautious about the upward risks of inflation.
The market has postponed the bet on interest rate cuts until May next year, analysts expect the easing cycle in 2025 to be mild.
Australia Reserve Bank interest rate decision: Potential inflation remains too high, keeping cash rate unchanged
On Tuesday, November 5th, the Reserve Bank of Australia announced its latest interest rate decision. At today's meeting, the Reserve Bank of Australia decided to keep the cash rate target unchanged at 4.35% and the foreign exchange settlement balance interest rate unchanged at 4.25%. The Reserve Bank of Australia noted that overall inflation has declined, but underlying inflation remains too high. The cash rate will remain in a restrictive stance until it is confident that inflation can sustainably rise to the middle of the 2% to 3% target range. The Reserve Bank of Australia's policy statement stated that the recent decline in overall inflation is expected to be temporary, as cost of living relief measures...
Reserve Bank of Australia Keeps Cash Rate at 4.35% as Underlying Inflation Remains Elevated
The Reserve Bank of Australia has maintained its caution as scheduled, with market expectations of interest rate cuts starting in February next year.
November 5th report from Gruntyle | The Reserve Bank of Australia (RBA) has decided to keep the interest rates unchanged as inflation has shown positive progress, but it is not sufficient to warrant a reduction in the cash rate. Price pressures have been impacting Australian households and businesses, but there is now some relief as the overall annual inflation rate for the September quarter is at 2.8%, within the RBA's target range of 2-3%. However, the focus remains on underlying inflation, which although moderating, was still at 3.5% in September, above the target level. The committee stated: "While overall inflation has significantly decreased and is expected to remain at low levels for some time, underlying"}