Daily Digest Market Movers: Australian Dollar gains ground on improved risk appetite
- Australia’s Westpac Consumer Confidence dipped 1.8% to 84.4 in March 2024 from February's 86.0, easing from 20-month highs.
- Australia’s Westpac Leading Index (MoM) increased by 0.1% in February, against the previous decline of 0.09%.
- Australia's government has pledged to support a minimum wage increase aligned with inflation this year, recognizing the ongoing challenges low-income families face amid rising living costs.
- At the Boao Forum for Asia (BFA), China's top legislator, Zhao Leji, emphasized China's stance on inclusive economic globalization. He stated that China opposes unilateralism and protectionism in all their forms and is committed to closely linking its development with other countries.
- Federal Reserve Board Governor Christopher Waller still sees 'no rush' to cut rates amid sticky inflation data.
- Atlanta Fed President Raphael Bostic expressed his expectation for just one rate cut this year, cautioning that reducing rates prematurely could lead to greater disruption.
- Fed Governor Lisa Cook cautioned against easing policy too soon, warning that it could exacerbate the risk of inflation becoming entrenched.
- Chicago Fed President Austan Goolsbee, leaning towards a dovish stance, expects three cuts but indicates a need for more evidence of inflation subsiding before taking action.
- US Durable Goods Orders increased by 1.4% in February, against the 1.3% expected and previous decline of 6.9%.
- US Durable Goods Orders ex Defense rose by 2.2% in February, compared to the expected 1.1% and 7.9% previous decline.
- US Housing Price Index (MoM) decreased by 0.1% in January, against the December’s increase of 0.1%.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
-THE END-