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Australian Dollar trims its intraday gains amid a stable US Dollar

Median weekly rents across Australia hit record high of $601 as Sydney tops rental market with whopping figure of $745

Median weekly rents across Australia hit record high of $601 as Sydney tops rental market with whopping figure of $745
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Markets Scaled Back Expectations for March Fed Rate Cut to About 50%

Markets scaled back expectations for a March Fed rate cut to about 50%. Later in the session, the Fed Beige book indicated that there was little change in economic activity. At the same time, holiday sales held up well and contact indicated that the prospect of Fed rate cuts is a source of optimism going forward. German yields added between 9.8 bps (2-y) and 0.4%(30-y).

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