Daily Digest Market Movers: Australian Dollar appreciates amid a market risk aversion

According to Bloomberg, Westpac anticipates the Reserve Bank of Australia could maintain its cash rate at 4.35% at Tuesday's meeting.

RBA Governor Michele Bullock recently stated that inflation in Australia is primarily "homegrown" and "demand-driven," attributable to the strength of the labor market and increasing wage inflation.

The RBA does not anticipate this phenomenon occurring until 2026.
China's Retail Sales (YoY) increased by 5.5% in February, against the expected 5.2% and 7.4% prior.

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