RBA to take foot off rate hike pedal

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A look at the day ahead in Asian markets from Jamie McGeever. Australia's central bank takes center stage on Tuesday with its latest interest rate decision, and beyond that, if the second trading day of the quarter is as eventful as the first, then investors' plates will be extra full. Oil prices

Australia's central bank takes center stage on Tuesday with its latest interest rate decision, and beyond that, if the second trading day of the quarter is as eventful as the first, then investors' plates will be extra full.

Tesla's 6 per cent slump dragged the Nasdaq into the red, but the broader index's decline was still only 0.27 per cent. The biggest gainer on the greenback was the Australian dollar - up 1.5 per cent for its best day in three months - ahead of the Reserve Bank of Australia's policy decision on Tuesday.

Elsewhere in Asia on Tuesday, South Korea releases inflation figures for March. Economists polled by Reuters expect monthly and annual inflation rates to slow.

 

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