BTC Flat at $89,300 Despite $1.02B ETF Exodus — Buy the Dip Toward $107K? 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Latest report shows residents of Australia is availing the benefits of lower rates from Reserve Bank of Australia (RBA), which is at record low of 2%. RBA has reduced rates twice this year so far and held policy steady since May.
- Credit card purchases totaled A$24.4 billion in August, compared to A$24.7 billion in July. This marks third consecutive decline, but still robust compared to A$22.4 billion a year earlier.
Strong domestic economy and relatively stable unemployment rate has given some confidence to RBA to pause rates at a time when decline in commodity prices, such as iron ore, coal has pushed Australia's mining industry and exports to doldrums.
Recently commodity giant Glencore announced it will cut 535 jobs in Australia as it will shut down mines and reduce its zinc production by 500,000 tons.
However recent weakness in US payroll data after US Federal Reserve chose not to hike rates in September has pushed back rate hike expectations well into next year and provided boost to commodity prices as well as commodity currencies.
Australian Dollar is currently trading at 0.735, up from its recent low around 0.694.
