Asia shares rise on rate cut bets; RBA seen turning hawkish

SINGAPORE - Asian shares made 15-month highs on Tuesday on renewed confidence of U.S. interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen.

He also said, in a note to clients, that the U.S. hiring rate and other measures of employment growth intentions were soft and the weakest part of labour market data. Expectations of falling rates weighed on the dollar, except against the yen as Japanese rates are not expected to move too far above zero this year, leaving a wide gap.

"Markets are expecting a more hawkish tone ... along with upgraded near term inflation forecasts, with some debate around whether the bank reinstates a tightening bias," said Westpac's head of foreign exchange strategy, Richard Franulovich.Brent crude Iron ore futures have rallied on clues that China's Politburo is planning more support measures for the beleaguered property sector. Benchmark June iron ore on the Singapore Exchange (OTC:German factory orders are the highlight of the European calendar on Tuesday. Disney reports earnings.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia markets set to mostly extend gains on rate cut optimism; RBA decision in focusThe Reserve Bank of Australia is expected to holds its benchmark lending rate at 4.35%.
Source: nbcchicago - 🏆 545. / 51 Read more »

Asia markets set to mostly extend gains on rate cut optimism; RBA decision in focusThe Reserve Bank of Australia is expected to holds its benchmark lending rate at 4.35%.
Source: NBCDFW - 🏆 288. / 63 Read more »

Asia markets extend gains on rate cut optimism; RBA decision in focusThe Reserve Bank of Australia is expected to holds its benchmark lending rate at 4.35%.
Source: nbcchicago - 🏆 545. / 51 Read more »

RBA preview: Rates to remain steady, but hawkish tilt likely amid sticky inflationRBA preview: Rates to remain steady, but hawkish tilt likely amid sticky inflation
Source: Investingcom - 🏆 450. / 53 Read more »

RBA set for another hold in key interest rate as inflation runs highThe Reserve Bank of Australia (RBA) will announce its decision on monetary policy early on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

AUD/USD Forecast: Extra advance now looks to the RBAMonday’s irresolute price action in the US Dollar (USD) encouraged AUD/USD to trespass the key 0.6600 barrier and trade once again at shouting distance from recent peaks near 0.6650.
Source: FXStreetNews - 🏆 14. / 72 Read more »