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.
Interest rate futures markets are attaching a near-90 per cent probability to policymakers keeping the benchmark cash rate unchanged at 3.60 per cent, putting the year-long hiking cycle on hold at least for now.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »