The RBA once again maintains the interest rate at 0.25%
After the interest rate meeting, the RBA maintained the interest rate unchanged at 0.25% as expected. In its statement, the RBA threatened to maintain a low interest rate policy for a long time. However, unlike last week’s remarks, Governor Lowe said that he is preparing to increase the quantitative easing policy and use it when necessary to maintain a low interest rate environment. Recalling last week Lowe said that the economic damage caused by the epidemic was less than expected, so I believe that there is no need to further push the policy of quantitative easing. However, the above-mentioned Lowe’s remarks did not affect the Australian dollar exchange rate.
Global oil production reduction measures begin to reach consensus
According to a quote from Bloomberg, Russia and several organizations of oil exporting countries and allies is gradually extending a consensus on the current output reduction measures for more than a month, is not only reducing output to July as originally planned. The news also pointed out that Saudi Arabia has always supported the extension of production cuts for one to three months, which is inconsistent with Russia’s stance on relaxing production cuts. Russia is willing to compromise the news, so that the market hopes that the oil-producing countries may announce the extension of the agreement at the meeting of this Thursday (4th) as soon as possible, so that the oil-producing countries’ production reduction can maintain a record high of more than a month.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。