Australian Dollar Extends Gains Despite Mixed PMI
RBA Has the Labor Market Data It Needs to Justify a Rate Cut, CBA Says -- Market Talk
Australia's Judo Bank Manufacturing PMI Improves to 49.4 in November, Services PMI Eases to 49.6
AUD Can Fall Towards 0.6360/0.6340 – BBH
Westpac Scrubs February RBA Rate Cut Call, Now Tips May -- Market Talk
The australian dollar and the new zealand dollar are striving to remain stable, with the Reserve Bank of Australia expected to cut interest rates for the first time as early as February next year.
As the US dollar recedes from some of its recent gains, the australian dollar and new zealand dollar remained steady on Wednesday (November 20), having earlier reached a weekly high, with prospects of continuing the upward trend into the fourth trading day. The market is waiting to see whom incoming President Trump will select for Treasury Secretary and how likely this candidate will be in advancing Trump's comprehensive tariff and tax proposals, as the rise of the dollar has paused. The australian dollar continues to receive some support from stable interest rate prospects, as the last minutes from the reserve bank of australia's meeting indicated that the bank remains vigilant about inflationary risks. Analysts at jpmorgan wrote in a report: 'In relation to macro data