Currency Update: The market is looking ahead to Tuesday's release of the Reserve Bank of Australia's February board meeting minutes and then beyond, hoping the...

Bell Potter

Stockbroker

Currency Update: The market is looking ahead to Tuesday's release of the Reserve Bank of Australia's February board meeting minutes and then beyond, hoping the RBA's decision to drop their easing bias means brighter times await. AUD is trading at 0.9050 which is up from 0.8990 late Friday. In currency markets, weaker data once again drove yields and the USD lower. The US stock market completed its best week in some time, while emerging markets also continued their recovery. Better data in the UK and Europe supported core currencies. Chinese new loans data printed higher than expected over the weekend. While this is good news for short term growth risks, in the medium term a continued leveraging in China will add to financial stability risks and make the rebalancing of growth more difficult.


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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