Central Bank Watch
Reserve Bank of Australia
June 2, 2020
As was expected, Australia’s central bank board left its official cash rate unchanged at 0.25% and reiterated that “it is likely this monetary support will be required for some time.” In assessing the future, Governor Lowe opined, ” the outlook, including the nature and speed of the expected recovery, remains highly uncertain and the pandemic […] More
New Overnight Developments Abroad - Daily Update
Dollar Down, Equities Up, as American Street Protests Intensify
June 2, 2020
President Trump ramped up the confrontational rhetoric against store looting, promising to dominate urban streets with military force if need be. This threat of an American Tiananmen only riled up protesters further overnight, with cops injured in Las Vegas and St. Louis and the Macy’s NYC flagship store vandalized. If nothing else, the standoff has […] More
