Market participants are looking for a 25bp rate cut from the RBA amid the weakening outlook for the $1T economy, and the AUDUSD may face a sharp selloff should the central bank cast a highly dovish outlook for monetary policy.
Archive for April, 2012
The greenback regained its footing on Monday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,844, and the reserve currency may track higher in the month ahead as heightening price pressures in the world’s largest economy dampens expectations for additional monetary support.
Alere Inc. (ALR) Monday posted a loss for the first-quarter hurt mainly by one-time charges. Nevertheless, excluding special items, adjusted profit for the quarter improved and as well trumped expectations, on stronger than anticipated revenues. Shares of Alere fell seven percent following the news on the New York Stock Exchange.