Sterling dominated the headlines last week, as there were concerns the UK government might struggle to service its debt.
Once again, the mood on Wall Street is setting the tone for Europe as the impressive rebound in US stocks are helping equities on this side of the Atlantic.
Fears about highs levels of inflation and the prospect of further interest rate hikes are doing the rounds.
Stock markets in continental Europe are under pressure as the EU announced plans to reduce its dependency on coal from Russia.
The US dollar succeeded in stabilizing higher than an important support at the end of the third quarter of 2017, as the dollar index rose from 92.40 after it continued its decline since the end of the first quarter of the year, reaching the lowest level since January 2015 at 90.97.
Philip Lowe, Governor of the Reserve Bank of Australia, made the following statement:
ANZ expects that Reserve Bank of Australia to join the global monetary tightening cycle by raising interest rates twice in 2018 by 25 basis points in May and the same in the second half of 2018, as the global economy grows stronger and more widely.
The following are the highlights of the Reserve Bank of Australia's monetary policy meeting minutes in September:
The new week will see many important economic data and events that will have an impact on market movements in the coming period, most notably the FOMC meeting, the Bank of Japan meeting, and some central bankers' speech.
Inflation expectations among consumers in Australia fell for the second month in a row in September, with the Melbourne Institute index falling to 3.8%, after recording 4.2% last month. This monthly indicator is monitored closely because inflation expectations tend to influence actual price growth.
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