Monday's Upcoming Economic Calendar

On the upcoming economic calendar for Monday the 17th of November there is only one top tier release scheduled.

At 19:30, Australia will be releasing their monetary policy meeting minutes. This release is the changes in rates which affect interest rates in consumer loans, mortgages, and bond rates. Since short term interest rates essentially reflect the return on holding a currency, rate decisions usually affect the exchange rate of the Australian Dollar. Increases in rates or even expectations for increases tend to cause the Australian Dollar to appreciate, while rate decreases cause the currency to depreciate. This is a detailed record of the recent interest rate meeting. This release is very important for traders to discern the RBA’s stance on monetary policy and hints of future rate shifts

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