In the meantime, the Australian Dollar will probably remain vulnerable to risk trends. On Wednesday, the Aussie Dollar suffered towards the end of the session as Germany’s Chancellor Angela Merkel unnerved investors. She noted that a response to the US tariffs might be in the cards if the EU can’t get any exemptions. On the domestic side of things, next week’s we will get Australia’s February employment report. Keep an eye on what ends up happening to changes in the full-time sector specifically. This is because in the past, losses on this front influenced the Australian unit negatively despite net gains in workers and vice versa.
MI Inflation Expectation rose to 3.7%
- Thursday, Mar 15 2018
The Australian Dollar didn’t show much enthusiasm for the Melbourne Institute of Applied Economic and Social Research inflation survey. There, price expectations for the next 12 months are anchored at 3.7%, higher than the 3.6% reported outcome back in February. However, even if participants foresee higher prices in the near-term, the Reserve Bank of Australia has a clear message for everyone. Earlier this month, the central bank reiterated that holding the stance of monetary policy unchanged is the way to go. With that in mind, the RBA probably won’t act on today’s survey.