The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity.
"However, rate hikes may be some way off as well; recent declines in the U.S. dollar and strengthening commodity prices have placed added pressure on the Australian dollar, which may reduce export demand". The RBA has kept the cash rate at a record low of 1.5 percent since August 2016. "With employment levels also steady, this is good news for the property market on the whole", said Ms Pilkington.
The Reserve Bank of Australia has signalled greater discomfort with the appreciating Australian dollar which it sees challenging its expectations for growth and jobs. "An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than now forecast", RBA governor Philip Lowe said in the central bank's latest statement. Higher prices for electricity and tobacco are expected to boost CPI inflation.
RBA's increased concern about the Aussie "neutralizes the more upbeat labor market commentary and will probably be interpreted as a shift in a dovish direction", said Michael Blythe, chief economist at Commonwealth Bank of Australia.
The RBA noted in the minutes of its July meeting that a "neutral" cash rate would be 3.5%, representing a potential of eight rate hikes.
Athletics' Sonny Gray won't be a Cub, acquired by the Yankees
Whether or not Gray leads the Yankees to glory, his acquisition underscores GM Brian Cashman's masterstroke of a youth movement. As Anthony Rizzo always likes to say: "It's baseball". "This is the team that gave me the opportunity to get signed".
Nationals acquire Brandon Kintzler from the Twins
Kintzler, 32, is 2-2 with a 2.78 ERA and 28 saves, third best in Major League Baseball , in 32 chances in a breakout season. The Nationals hope that Kintzler can bolster their bullpen as they hope to make a deep run in the playoffs.
The RBA is widely expected to keep its benchmark lending rate unchanged at 1.50%.
"The low level of interest rates is continuing to support the Australian economy", the RBA said.
The Australian dollar slipped to around US$0.8005 on the remarks, from US$0.8020, before rebounding. There's also the worry that, between slim pay packets and record household debt at 190 percent of income, as well as people putting aside less savings in order to make ends meet, the country could face a consumption crunch. They also want to know the central bank's assessment of the economy and summary of forecasts that will be unveiled in full on Friday.
The central bank said it still expected a gradual pick-up in inflation and forecast the A$1.7 trillion economy to grow at around 3% over the next couple of years.
The National Weather Service says the current heat wave is caused by hot desert air coming over the Cascades from Nevada. It's best to wear light and loose clothes, stay hydrated and know signs and symptoms of heat exhaustion and heatstroke .
ValuEngine downgraded AK Steel Holding Corporation from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in United States Steel Corporation by 21.4% in the first quarter.
The grand jury will be presented with evidence from the prosecution before deciding if Conley should be criminally charged. Conley signed a four-year contract with the Raiders on Friday and was at training camp Monday.
After a hectic weekend in Montreal, Audi Sport Abt driver Lucas Di Grassi has won the 2017 Formula E Championship. Felix Rosenqvist was second, securing third in the points, while Jose Maria Lopez was third for DS Virgin Racing.
Trump aides, anxious about the investigation by Special Counsel Robert Mueller , were shocked by the president's strategy. The president directed that Trump Jr.'s statement to the Times describe the meeting as unimportant.
A new Leakster has also posted a tweet from his official handle featuring the Asus Zenfone 4 Trio in different colors. It isn't clear whether Asus will just reintroduce this phone for other markets or release a similar device.
In May, Mr Garcetti said Los Angeles would not be opposed to hosting in 2028, remarking that "an Olympic win is an Olympic win". IOC President Thomas Bach said "the IOC welcomes this decision of the Los Angeles Olympic and Paralympic bid committee".
Wenger described Lacazette's performance as "encouraging" and said: "He suffered a bit from the fact when we were a bit flat". Iwobi came off the bench in the 78th minute in place of Mohamed Elneny who had been deployed in the central defence.
Her sworn testimony goes on to say they continued the relationship for years, and that the sex occurred outside OH as well. The woman claims that her and Rose "began meeting at a house in Cincinnati" and continued doing so across multiple states.
The Better Together Update is meant to unify the Minecraft gaming experience across the multiple platforms that it now resides on. Instructions on downloading the beta for Xbox One, Windows 10 , and Android can be found on the official website for the game.
SC energy companies ditch nuclear plant plans
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Trump gives his first Medal of Honor to Vietnam vet
Forty-eight years after his heroic actions in the Vietnam War, 71-year-old James McCloughan received the Medal of Honor Monday. He is married to Cherie McCloughan and has two sons, Jamie and Matt, one daughter, Kami, and one stepdaughter, Kara.
Crews: 2 approaches to restore North Carolina islands' power
A sign in Moyock, N.C., warns travelers that access to Hatteras and Ocracoke islands is restricted to residents only on Saturday. Saturday, North Carolina ferries had evacuated about 3,800 people and 1,500 cars from both islands, according to Gov.
IL school funding bill sent to governor
Rauner contends that without the money for Chicago pensions, Collinsville schools could get almost $2.5 million from the state. Senator Andy Manar (D) said Monday it would be the better outcome for negotiations to continue to finalize a deal.
$0.17 EPS Expected for Enable Midstream Partners LP (ENBL)
The petroleum products and by-products it collects, transports, stores and markets are produced by oil and gas companies. The stock of Armstrong World Industries Inc (NYSE:AWI) earned "Neutral" rating by Goldman Sachs on Tuesday, October 6.
Opposition parties fail to form consensus on joint candidate
Shah also criticised Imran Khan, who on Sunday lashed out at PPP supremo Asif Ali Zardari during the party's rally in Islamabad . Qureshi claimed that the opposition parties will take their time to think over the option of rallying behind Rasheed.