Daily FNArena News - FYI

The RBA surprised no one this morning by holding the cash rate steady this month.

ANZ Bank sees a changing of circumstances for the Australian dollar, suggesting the US dollar and not economic fundamentals is likely to drive the currency short-term.

Will Australia’s biggest deal to date get over the line? Things are looking desperate in Martin Place. Little desperation is expected from the RBA however.

Weekly musings from your editor.

The Reserve Bank of New Zealand has again lifted official interest rates, but the market is coming to the conclusion the peak of the cycle is at hand.

The market is factoring in a rate rise when the RBNZ meets this week, but Stephen Koukoulas at TD Securities sees reasons why the bank won’t move.

It’s inflation week in Australia as Tuesday sees the release of the march quarter CPI which should influence the RBA’s rate decision next month.

The Chinese economy is still proving a runaway train, leading to fears of more drastic containment measures from the government.

The Dow reached its highest ever close last night, unconvincingly signalling a shake off of sub-prime, carry trade and earnings fears.

Weekly musings from your editor.