Tuesday’s session promises to be rather calm and most important publications will be PMI readings from Canada at 16:00 and the speech of the President of the RBNZ, Wheeler at 23:00. At night we had RBA decision on interest rates in Australia.
RBA leaves rates unchanged
Tonight we got to know that RBA decided to leave interest rates unchanged at 1.50%. Since leaving status quo was expected, more important was the tone of the message, in which RBA emphasized that strengthening of the AUD could complicate economic transformation and adjustment of the economy to the new conditions. The statement also noted that the current policy promotes growth of GDP and inflation and increases in commodity prices supported growth in trade.
As a result of such publications AUDUSD currency pair during the night continued launched yesterday evening falls, which soon could reach even last week’s lows.
At 9:15 was also published consumer inflation CPI from Switzerland, which on an annualized basis, contrary to forecasts unchanged at -0.2% -0.3% as against -0.2 a month-to-month compared to the previous reading of 0.1%.
What more awaits us today ?
Most important will be GDP for EU and PMI for Canada.