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THE week will see key industrial production index (IPI) figures released for June as well as manufacturing sales value.
SYDNEY: Australian employment fell 1.1% between mid-June and mid-July, weekly data showed on Tuesday, with the biggest loss coming from the second most populous state of Victoria which is grappling with a fresh wave of coronavirus infections.
AUSTRALIAN shares closed higher on Tuesday, marking their best session since June 16, after the country's central bank advocated for further fiscal stimulus, boosting demand for riskier assets.
SYDNEY: Australia’s central bank holds its cash rate at an all-time low, in a widely expected decision, and says it will help buttress the economic recovery by maintaining its accommodative approach for “as long as it is required.”
SYDNEY: Australia's central bank held its cash rate at an all-time low on Tuesday, in a widely expected decision, and said it will maintain its accommodative approach for "as long as it is required."
SYDNEY: Economists are divided on the outlook for Australia’s recovery: Many expect it to be U-shaped, while a growing number see a W shape.
TOKYO: The dollar held steady against most currencies on Monday as investors awaited data expected to show the U.S. services sector stopped contracting, and highlighting the economic recovery from the coronavirus pandemic.
Bank Negara’s Monetary Policy Committee (MPC) is scheduled to meet for a fourth time this year tomorrow to review the overnight policy rate (OPR).
NEW YORK: The Federal Reserve edged towards a longer-range plan for monetary policy at its meeting last month, raising serious questions about a strategy known as yield curve control that is untested in the United States, and signaling it may rely on explicit promises about its inflation or employment goals to steer public expectations.