(eToro Blog) Earlier today, the Reserve Bank of Australia released the minutes of its April 3rd policy meeting, and there was explicit mention of the possibility of additional easing. Some analysts get the sense that there is also the potential not only for a single rate cut perhaps as soon as next month, but another [...]
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China Data Dictates Aussie’s Destiny
(eToro Blog) Once again, the Aussie is being subjected to the whims of Chinese data, this time key GDP figures which confirm that growth in China’s economy is withering more quickly than anyone could have expected. According to the most recent data, 1st quarter GDP grew at only 8.1% in China, that’s compared to 8.9% [...]
China’s Rebalancing Act Draws Praise, Worry and Profits
(eToro Blog) Markets have been aware that the Chinese economy has been shrinking; the signs and indicators have clearly all pointed in that direction. But the International Monetary Fund will be rubber-stamping that assertion according to IMF insiders and is set to significantly reduce China’s medium term outlook for its current account surplus which has [...]
