The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
The RBA has no clue what’s going on
Information is not investment advice
The market anticipates the rate statement by the Reserve bank of Australia at 7:30 MT on October 1.
The speech by the RBA governor Philip Lowe on September 25 increased the chances of a rate cut during this meeting. According to the head of the bank, the regulator was “surprised” by the economic slowdown. It was not sure what else hurt the economy besides the global uncertainties, weak growth of the household prices and the drought. Besides the uncertain comments, Mr. Lowe said that the bank was ready to continue the easing policy to reduce unemployment and stimulate economic growth. That is why a rate cut by 25 basis points may happen and, therefore, may weaken the Australian currency.
• If the RBA cuts its rate, the AUD will fall;
• If the RBA does not cut its rate, the AUD will rise.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The country has come through the worst and is recovering now.
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.