Odds of a RBA rate cut in May up from 16% to 40%

Following today's Australian inflation figures, odds of a rate cut at the May meeting from the RBA have gone significantly up from 16% to 40%.

Apr 27, 2016

AUD/NZD: Bears relentless on horrid Aus CPI, 1.11 eyed

The Australian dollar was smashed by its OZ neighbour following the release of extremely poor Australian CPI numbers, which shocked markets big time.

China Industrial profits for March: +11.1% y/y vs. -4.7% last

China’s National Bureau of Statistics (NBS) revealed this Wednesday; profits earned by Chinese industrial firms in March rose 11.1% y/y in March to 561.24 billion yuan (59.3 billion pounds).