| Videos | Channels | Search |
RBA dips toe in hawkish waters – #SaxoStrats video
Australia’s Q3 CPI figures proved positive, says Saxo Capital Markets’ global macro strategy Kay Van-Petersen, but the banks didn’t appear to be buying it.
The country’s consumer price index strengthened to 1.3% y-o-y with consumer prices rising 0.7% in Q3, following a 0.4% increase in Q2.
Market expectations of an interest rate cut by the Reserve Bank of Australia are low, says Van-Petersen, who explained that the central bank’s moves, while no longer dovish were not exactly hawkish.
02:31 minutes
Tags: audusd, australia, consumer price index, cpi, kay van-petersen, reserve bank of australia, saxo bank, saxotrader, saxotradergo, tradingfloor.com
Switch to