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Christies Beach RLA 266739

71 Beach Road Christies Beach

08 8382 3773

08 8382 7733

christiesbeach@saprofessionals.com.au

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The AUD rallied on Friday, causing local investors to sigh with relief…

8 May 2013 Christies Beach 0 Comment

The AUD rallied on Friday, causing local investors to sigh with relief as global markets bounced back from the doldrums. Most of the rally was caused by the release of non-farm payroll numbers, however the AUD also benefited from rises in base metals and bond yields easing in Europe. The highlight this week in terms of data is the rate announcement by the RBA at 2.30pm tomorrow. Only 8 of 29 economists surveyed by Bloomberg expect a rate cut, with the majority expecting the RBA will stay on hold.

 

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