AUD/USD is hovering in a tight range below 0.6800 on Monday. Bets on aggressive Fed rate hikes keep dollar strong. Tuesday is the decision of the Australian central bank. The AUD/USD is having a hard time making up ground on Monday and is trading in a tight band for the first half of the day. […]
Tag: RBA
RBA to raise rates another half point in September, with slower pace of tightening ahead – Reuters poll
The Australia’s central bank will raise the cash rate by 50 basis points on Tuesday to curb rising inflationbut will moderate the rate of increases in the remainder of the year, according to a Reuters survey of economists. The survey update also mentions that the Reserve Bank of Australia (RBA), one of the last to […]
AUD/USD falls below 0.6900 as USD strengthens
AUD/USD trimmed Tuesday’s gains as USD bulls recovered some ground ahead of Jackson Hole. US Durable Goods Orders beat estimates, unlike US housing data, which shows a recession. AUD/USD Price Analysis: Ranged, awaiting the outcome of Jerome Powell’s Fed speech. The AUD/USD remains defensive on Wednesday, paring some of its Tuesday gains, but remains above […]
AUD/USD falls to one-week lows and trades below the 0.7000 zone
The AUD/USD has lost about 65 pips so far on Wednesday. The pair has opened the Asian session touching an intraday high at 0.7027, but has subsequently been losing ground to mark m7-day lows at 0.6964. The Australian dollar weakened after data released by the Australian Bureau of Statistics showed that the wage price index […]
RBA Minutes: Ready for further tightening, but not on a pre-set path
The minutes of the monetary policy meeting in August Reserve Bank of Australia (RBA) showed that the “The council expects to take further steps in the process of normalizing monetary conditions in the coming months, but it is not on a pre-established path.“. Conclusions Members noted that inflation is expected to peak at the end […]
AUD/USD Price Analysis: Breaking Rising Wedge Amid US-China Troubles
AUD/USD moves lower on RBA dovish attitude and US-China issues over Taiwan. The RBA raises key rates by 50 basis points but says it is not on a pre-set tightening path. A possible breakout of the ascending channel on the daily chart points to the 21-day SMA at 0.6873. AUD/USD remains below 0.6900, shedding almost […]
Australia: 10-Year Treasury Yield Falls to 14-Week Low After RBA Rate Hike
Australian bond yields trail their US counterparts and refresh their multi-day lows. RBA rate hike fails to impress AUD bulls amid indecision over next move. The fear of a recession and the news about China reinforce the sentiment of risk aversion. Australian bond markets celebrate the Reserve Bank of Australia (RBA) interest rate decision while […]
RBA: Further steps will be taken in the process of normalizing monetary conditions in the coming months
Below are the main headlines of the RBA monetary policy statement August, via Reuters, presented by Gov. Phillip Lowe. The Council hopes to give further steps in the normalization process of monetary conditions in the coming months. It is not a pre-established path. Global factors explain much of the rise in inflation, but domestic factors […]
RBA raises OCR by 50 basis points to 1.85%
At their monetary policy meeting on August 2, the board members of the Reserve Bank of Australia (RBA) have decided to increase the official cash rate (OCR) by 50 basis points, from 1.35% to 1.85%. The central bank has said the rise was one more step in the “normalization” of monetary policy, abandoning the previous […]
Forex Today – Asian Session: Dollar resumes bearish pace
What to watch for on Tuesday, August 2: The USD was lower on Monday, although the decline was reduced in the middle of the American session, as Wall Street lost its gains-inspired strength and lost some ground. Market participants remained focused on the risk of a global recession. Earlier in the day, China released the […]