SYDNEY-Australia's central bank on Tuesday ramped up its warnings over recent strength in the Australian dollar saying it is becoming a potential brake on economic growth and prices. Moreover, Lowe actually said in his statement the terms of trade are expected to decline "over the period ahead". "But, for now, policy still seems set to remain on hold", said Lloyds Commercial Banking's, chief economist, Rhys Herbert, who forecasts a 6-2 split in favour of keeping interest rates unchanged.
Dr Oliver said if this happens it will be good for the Australian share market but there may be a further rise in the Australian dollar due to the US Federal Reserve's likely reluctance to raise its interest rate further.
The Bank of England (BOE) rate meeting is the main release for the Pound in the week ahead.
'The Australian dollar has appreciated recently, partly reflecting a lower U.S. dollar'.
There had been speculation in the mainstream media that interest rates would need to rise sooner rather than later, particularly as house prices in Sydney, Melbourne and Canberra posted double-digit growth year-on-year, according to the CoreLogic Hedonic Home Value Index.
Finally, CACIB notes that the USD's recent downtrend remains the key theme in the FX markets and price swings around the trend will remain the key source of FX volatility. Lowe said that growth in housing debt has been beating the sluggish climb in household incomes.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, hovered around 2.72 percent, the yield on 15-year note flat at 3.02 percent and the yield on short-term 2-year traded almost 1 basis point lower at 1.81 percent by 03:50 GMT.
"Retail sales have picked up recently, but slow growth in real wages and high levels of household debt are likely to constrain growth in spending", he said.
One bright spot for the economy is the prospect of recovery in business investment spending. Both CPI inflation and measures of underlying inflation are running at a little under 2 per cent. Inflation is expected to pick up gradually as the economy strengthens.
They're expected to show continued solid jobs growth in the USA with 180,000 new jobs created in July and a fall in the unemployment rate, coupled with subdued wages growth. A factor working in the other direction is increased competition from new entrants in the retail industry.
"Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time", the bank said.
But Maduro has said that rewriting the constitution is needed to restore order, apply justice and re-establish peace in Venezuela. Street demonstrations have continued unabated for months, with more than 100 deaths attributed to the unrest.
Electoral commission chairman Wafula Chebukati met with protesters and said the commission is determined to do its job. Chebukati asked the government to provide security for all IEBC employees so Kenyans can have a free and fair election.
In an encounter that broke out on Tuesday morning, the security forces also killed Arif Lilhaari another top Lashkar terrorist. Significantly, after the news of terrorists being hidden, the casino ie Corden And Search Operation has been launched here.
According to Bloomberg , Spotify is considering investing heavily in podcasts that have been largely dominated by Apple's iTunes. Spotify has spent the previous year striking deals to pay lower royalties to music labels such as Universal Music and Sony Music.
A Radeao RX 64 Liquid Cooled Edition will also have the same 64 compute units, 4096 stream processors & 8GB of HBM2. AMD also announced their new creative initiative, a partnership with industry leaders known as AMD Studios.
This is not a badge of honor for the gladiator who played 13 years in the National Football League or two weeks. We live and breathe [football]. "This is what we're so passionate about", he said ( via NJ.com ).
No one yet claimed the responsibility of the explosion, but Alshabaab many times claimed the explotions in Mogadishu . However, the allegations have been refuted vehemently by military officials who said the figure is exaggerated.
The viewers will be charged $99 to watch the fight in HD (similar to the charges of viewing Mayweather-Pacquiao fight 2015 in HD). We're told it will be a 3 round fight for the very, very lightweight championship of the world.
Although the president had called for changes to the bill, the White House has said the president plans to sign it. She did not say whether Trump would sign or veto the measure when it reaches his desk.
Cooper also said it was important that the final report dealt with "law enforcement-assisted diversion" of addicts into treatment. The recommendations are included in an interim report to the president and do not represent the commission's full body of work.
The world's longest pedestrian suspension bridge opened in Randa , Switzerland, over the weekend, according to Zermatt Tourism . The 494m bridge, named the Europabrücke (Europe Bridge), hangs up to 85m above the Grabengufer ravine.
HSBC shares shoot up on announcing up to $2bn share buyback
But on Monday he said that he could stay at the bank until December 2018, if an external candidate is appointed to take over. HSBC has reported a rise in half-year profit and announced a two billion USA dollar (£1.5 billion) share buy-back.