The Australian Financial Review today reports on fresh concerns over the Australian economy that may prompt further Reserve Bank of Australia rate cuts in H1 of 2016
- a fresh slump in iron ore
- a drop in business investment
- AUD gains
RBA governor Glenn Stevens said last week traders should "chill out" until February:
- "We've got Christmas. We should just chill out, come back and see what the data says"
- (There is an RBA meeting on Tuesday December 1 (Australian time) at which it is widely expected there will be no policy changes, the next meeting is February 1, 2016)
The piece reports on comments from JPMorgan chief Australia economist Stephen Walters:
- "The dominant risk still is that the cash rate may have to fall"
- "A lot can change"
Article is here, for more. it appears to be ungated.
-
Meanwhile ... not a lot of activity yet for the AUD, but the week is barely getting underway
And there is plenty to come from Australia today and this week
