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Australia Australian dollar slips on RBA speech, kiwi eyes rate decision

21:36  22 september  2020
21:36  22 september  2020 Source:   reuters.com

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The Australian dollar was last down 0.2% to

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Australian Dollar , Reserve Bank of Australia Interest Rate Cut, Talking Points The US Federal Reserve announced further monetary support at the same time as the RBA . Registered Address: 32 Old Slip , Suite 803; New York, NY 10005. FX Publications Inc is a subsidiary of IG US Holdings, Inc

Australian dollar slips on RBA speech , kiwi eyes rate decision https://t.co/qTXyugjkhe https://t.co/5EDdFnt5z8.

.7207, from a high of

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Australian Dollar , Reserve Bank of Australia Monetary Policy Decision Talking Points Australian base rates were left alone at 0.75% for another month The RBA seemed to share their view that not enough had changed to justify a change of course

As the Reserve Bank of Australia meets today to breathe life into our flagging economy, our Kiwi neighbours Our Kiwi cousins may have celebrated too soon. The expectation that the NZD would reach parity with the Aussie today has been dashed by the market's response to the RBA 's decision

.7236 before the closely-watched speech by Reserve Bank of Australia ( RBA ) Deputy Governor Guy Debelle. Debelle listed a number of policy options the RBA board was assessing to meet its employment and inflation objectives.

The New Zealand dollar has never reached parity with its Australian peer. That may change this year. The RBA will announce its first rate decision of the year on Tuesday, Governor Philip Lowe gives a speech in Sydney on Wednesday and on Friday delivers semi-annual testimony to parliament.

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Australian Dollar , Reserve Bank of Australia Monetary Policy Decision - Talking Points The RBA cut its key rate to 1%, a new all-time low The move was not unexpected although an August move was thought more likely until recently The Australian Dollar slipped initially but soon recovered Tuesday as the Reserve Bank of

Australian Dollar Talking Points. AUD /USD appears to be stuck in a narrow range ahead of the Reserve Bank of Australia ( RBA ) Minutes, but the exchange rate may extend the advance from the monthly low (0.6662) as the Relative Strength Index (RSI) recovers from oversold territory.

.7236 before the closely-watched speech by Reserve Bank of Australia ( RBA ) Deputy Governor Guy Debelle. Debelle listed a number of policy options the RBA board was assessing to meet its employment and inflation objectives.

The Australian dollar was last down 0.2% to

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.7236 before the closely-watched speech by Reserve Bank of Australia ( RBA ) Deputy Governor Guy Debelle. Debelle listed a number of policy options the RBA board was assessing to meet its employment and inflation objectives.

a close up of a book: FILE PHOTO: Illustration photo of Australian dollars © Reuters/Daniel Munoz FILE PHOTO: Illustration photo of Australian dollars

By Swati Pandey

SYDNEY (Reuters) - The Australian dollar reversed early gains on Tuesday after a senior central banker flagged the prospect of policy options including currency market intervention and negative interest rates.

The Australian dollar was last down 0.2% to $0.7207, from a high of $0.7236 before the closely-watched speech by Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle.

Debelle listed a number of policy options the RBA board was assessing to meet its employment and inflation objectives.

Australia abandons "unrealistic" budget surplus goal

  Australia abandons Australia abandons "unrealistic" budget surplus goalSYDNEY (Reuters) - Australia's conservative government will abandon its long-held aspiration to return the budget to surplus as the country grapples with its worst downturn in about a century, Treasurer Josh Frydenberg said on Thursday.

Foreign exchange intervention was also being considered, though Debelle said it was not clear whether this would be effective given the Australian dollar was "aligned with fundamentals."

The Aussie is up about 3% so far this year helped by stronger prices for its top export iron ore and comparatively low coronavirus infections.

Some Australian states and territories have virtually eliminated the virus while others are seeing cases in low single digits. Only Victoria is in a hard lockdown after a surge of cases since July but it is now seeing a rapid slowdown in new infections.

A weaker greenback has also helped prop up the risk-sensitive currency. <=USD>

"That said, a lower exchange rate would definitely be beneficial for the Australian economy, so we are continuing to watch developments in the foreign exchange market carefully," Debelle said in his speech.

Across the Tasman Sea, the New Zealand dollar was down 0.1% at $0.6666 ahead of policy decision by the country's central bank on Wednesday.

The Reserve Bank of New Zealand (RBNZ) will likely leave its official cash rate at record lows and hold off on further stimulus on signs the fallout from coronavirus pandemic could be milder than expected. [NZ/INT]

New Zealand government bonds <0#NZTSY=> rose, sending yields about 2 basis points lower.

Australian government bond futures were slightly higher, with the three-year bond contract up half a tick at 99.720. The 10-year contract rose 1 tick to 99.1050.

(Editing by Sam Holmes)


Video: Aus. share market headed for big fall this morning (ABC NEWS)

Australia abandons "unrealistic" budget surplus goal .
Australia abandons "unrealistic" budget surplus goalSYDNEY (Reuters) - Australia's conservative government will abandon its long-held aspiration to return the budget to surplus as the country grapples with its worst downturn in about a century, Treasurer Josh Frydenberg said on Thursday.

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