Forecasts & opinions
The Reserve Bank of Australia (RBA) Tuesday cut its interest rate to a new record low of 2.25%, down from 2.50%. The RBA said that the Aussie remains overvalued, despite the recent decline.
Falling commodity prices and a slowdown of the Chinese economy weigh on the Australia's economy. China is Australia's biggest trading partner.
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- Germany: ZEW Indicator of Economic Sentiment rose sharply in March
- UK unemployment rate unexpectedly dropped to 3.9%
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- Switzerland's trade surplus rose in February