RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Latest report shows residents of Australia is availing the benefits of lower rates from Reserve Bank of Australia (RBA), which is at record low of 2%. RBA has reduced rates twice this year so far and held policy steady since May.
- Credit card purchases totaled A$24.4 billion in August, compared to A$24.7 billion in July. This marks third consecutive decline, but still robust compared to A$22.4 billion a year earlier.
Strong domestic economy and relatively stable unemployment rate has given some confidence to RBA to pause rates at a time when decline in commodity prices, such as iron ore, coal has pushed Australia's mining industry and exports to doldrums.
Recently commodity giant Glencore announced it will cut 535 jobs in Australia as it will shut down mines and reduce its zinc production by 500,000 tons.
However recent weakness in US payroll data after US Federal Reserve chose not to hike rates in September has pushed back rate hike expectations well into next year and provided boost to commodity prices as well as commodity currencies.
Australian Dollar is currently trading at 0.735, up from its recent low around 0.694.
