AUD/USD fell over 100 pips during the day and tested the all-time low around 0.6763. The Reserve Bank of Australia (RBA) raised rates by 0.50%, but it was not enough to overcome the lack of confidence in the stagflation economic outlook, as AUD/USD fell. Tensions between the United States and China ease as US President […]
Tag: RBA
AUD/USD falls below 0.6800 and approaches its all-time low
AUD/USD came under renewed selling pressure on Tuesday, despite the RBA’s 50bp rate hike. The recent drop in commodity prices and recession fears continued to weigh on the risk sensitive Aussie. Aggressive bets on a Fed rate hike pushed the dollar to a new 20-year high and added to the selling bias. The pair AUD/USD […]
RBA: The magnitude and timing of future rate hikes will be guided by the data
Below are the highlights Main headlines from the RBA’s July Monetary Policy Statementvia Reuters, as presented by Governor Phillip Lowe. The Board hopes to give further steps in the process of normalizing monetary conditions. Inflation in Australia is also high, but not as high as in many other countries. The Council is committed to do […]
AUD/USD pulls back to daily lows near 0.6850 after RBA announcement
The Australian dollar has reacted lower against the US dollar after it became known that the Reserve Bank of Australia (RBA) met expectations and increased its interest rates by 50 basis points to 1.35%. The AUD/USD has fallen 35 pips, slipping to daily lows at 0.6852. The lack of surprise in the announcement has favored […]
Australia: RBA meets expectations and raises interest rates 50 basis points to 1.35%
At its monetary policy meeting held this Tuesday, July 5, the Council of the Reserve Bank of Australia (RBA) He decided increase the effective interest rate target by 50 basis points, to 1.35%, as expected. It also increased the interest rate on foreign exchange settlement balances by 50 basis points to 1.25%. RBA statement Global […]
AUD/USD rises firmly above 0.6850
The Reserve Bank of Australia (RBA) is expected to raise rates by 50 basis points. Aussie is holding steady above 0.6850 on positive Chinese data as RBA decision looms. Australian dollar traders should also keep an eye on iron ore prices, which have fallen almost $50 a tonne from record highs. The AUD trimmed last […]
AUD/USD extends recovery from two-year lows and climbs back above 0.6850
AUD/USD gains some positive traction on Monday amid modest dollar weakness. The recent drop in US bond yields and a positive risk sentiment weigh on the USD. Repositioning ahead of Tuesday’s RBA decision offers further support. The pair AUD/USD The new week has started on a positive note and has extended Friday’s late bounce from […]
RBA to raise rates another 50 basis points in July to make up for lost time – Reuters poll
Australia’s central bank will set another 50 basis point interest rate hike on Tuesday as it struggles to rein in rising inflation.marking the first time it has raised interest rates by that magnitude in back-to-back meetings, according to a Reuters poll. Featured Comments After raising its benchmark rate by 50 basis points in an aggressive […]
Australia: S&P cuts 2022 GDP forecast to 3.6% from 4% previously
In its latest economic assessment for the Asia-Pacific region, S&P Global offers dire growth prospects. The global rating agency has cut Australia’s GDP forecast for 2022while also revising the RBA’s monetary policy expectations. Featured Comments “Growth is slowing in the region as demand for exports softens in line with an expected slowdown among the world’s […]
Australia: Treasury Bond Yields Set for Biggest Weekly Fall in Decade
Aussie bond buyers hold the reins as investors await RBA Governor Lowe’s speech. 10-year coupons pull back from eight-year highs and break a four-week uptrend. The 3-year Treasury yield reverses from highs in late 2011, on track for biggest weekly loss in 11 years. Australian data and the RBA’s assertive stance fail to support bond […]