Australia financial policy conference minutes; oil, currencies

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Australia monetary policy meeting minutes; oil, currencies

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SINGAPORE– Shares in Asia-Pacific decreased Tuesday early morning as the Reserve Bank of Australia launched minutes from its current financial policy conference.

The S&P/ ASX 200 in Australia decreased 0.58%.

Australia’s reserve bank is anticipated to keep the rates of interest consistent till 2024, according to minutes from its November financial policy conference launched Tuesday.

“Given the latest data and forecasts, the central scenario for the economy continued to be consistent with the cash rate remaining at its current level until 2024,” the minutes stated.

Elsewhere, the Nikkei 225 in Japan slipped 0.21% while the Topix index sat listed below the flatline. In South Korea, the Kospi dipped 0.15%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.

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Overnight on Wall Street, the Dow Jones Industrial Average shed 12.86 indicate 36,08745 while the S&P 500 was near flat at 4,68280 The Nasdaq Composite dipped fractionally to 15,85385

Currencies

The U.S. dollar index, which tracks the greenback versus a basket of its peers, was at 95.407 after current increasing from listed below 95.2.

The Japanese yen traded at 114.11 per dollar, weaker than levels listed below 113.9 seen versus the greenback the other day. The Australian dollar altered hands at $0.7352 following its bounce from listed below $0.73 seen late recently.