Today’s Notable Sentiment Shifts
AUD – The Australian dollar got a much-needed lift on Thursday after a resoundingly strong set of jobs data reinforced market wagers on an early rise in interest rates, keeping short-term bond yields up at three-month highs.
Following the report, Capital Economics noted that “the upshot is that the labour market is now at its tightest in years, and the continued rise in job vacancies suggests it is set to tighten further in the months ahead.”
Consequently, Capital Economics expect the RBA to cease it’s A$4 billion per week bond purchase programme as soon as its February meeting.
Following the report, Capital Economics noted that “the upshot is that the labour market is now at its tightest in years, and the continued rise in job vacancies suggests it is set to tighten further in the months ahead.”
Consequently, Capital Economics expect the RBA to cease it’s A$4 billion per week bond purchase programme as soon as its February meeting.