Australian Dollar Stays Firm After RBA Rate Decision

Market Reviews

The Australian dollar traded steadily after the RBA left the cash rate unchanged at 1.50%, as expected. Financial markets continued to trade with risk appetite. DOW increased by 9.23 points. S&P 500 and NASDAQ increased by 0.13% and 0.33% respectively. FTSE rose 0.062% to a new record level of 7.562.28.

The report of the National Audit Office (NAO) of Great Britain showed that the borrowing of the UK government has grown by 61% since 2009. Public and private borrowings are high, and are affordable at record low interest rates. This week, additional reports on Brexit estimates will be published.

Japan labor cash earnings increased by 0.9% yoy in September, compared to a growth of 0.7% in August. Economists expected the growth of the indicator by 0.6%.