Forex Update: RBA keeps current policies, focusing on US job figures
Market Update: December 9 Here’s what you should know as we head into Tuesday, December 9th. Today, the Australian dollar (AUD) is seeing some strength against various currencies, buoyed by a recent policy announcement from the Reserve Bank of Australia (RBA). Later, all eyes will turn to the September and October JOLTS job figures, alongside […]
Australian dollar rises as RBA decides to hold steady ahead of Fed meeting
Investor Confidence Shaken by Japan Earthquake SINGAPORE – The Australian dollar saw a modest increase after the Reserve Bank of Australia (RBA) decided to maintain interest rates, a move that aligns with market expectations. As investors await the upcoming U.S. Federal Reserve’s policy meeting, the currency rose 0.2% to $0.6639, maintaining its rate at 3.6% […]
AUD/USD Price Outlook: AUD pauses before RBA decision; positive trend remains above 0.6600
On Monday, the Australian dollar (AUD) fell against the US dollar (USD), marking the end of its four-day rise as the USD found stability. At that moment, the exchange rate was around 0.6621, with traders feeling cautious ahead of the Reserve Bank of Australia’s (RBA) decision on interest rates scheduled for Tuesday. Most believe the […]
AUD/USD remains steady around 0.6650 following positive China Trade Balance information, with attention on RBA policy.
AUD/USD Sees Continued Gains The AUD/USD pair has managed to extend its winning streak to 12 days as of Monday. It’s been trading confidently close to the 0.6650 mark, which is a high not seen in the last two months, particularly noted during late Asian trading on Friday. Recently, the Australian dollar has demonstrated considerable […]
Australian Dollar strengthens as rising inflation lowers hopes for RBA cuts
The Australian dollar (AUD) gained ground against the US dollar on Friday, marking its sixth consecutive day of increases. The currency’s rise is largely attributed to a surprising uptick in inflation, which has shifted expectations regarding potential easing by the Reserve Bank of Australia (RBA) and raised the likelihood of additional interest rate hikes. Recent […]
Australian Dollar continues to rise as traders anticipate the RBA will maintain interest rates.
The Australian dollar (AUD) saw an increase against the US dollar (USD) on Thursday, marking its fifth consecutive session of gains. The rise in the AUD/USD pair comes as the USD faces challenges, particularly with growing expectations of a Federal Reserve rate cut in December. According to the Australian Bureau of Statistics (ABS), private capital […]
Australian Dollar remains stable as RBA takes a careful approach, focus on CPI data
The Australian dollar (AUD) remained stable against the US dollar on Monday, as traders anticipated key inflation data to be released this week. They are particularly interested in Australia’s first comprehensive monthly CPI report for October, which is set to be published on Wednesday. This will play a significant role in shaping the Reserve Bank […]
Australian Dollar stays stable after RBA Hunter’s remarks
Australian Dollar Strengthens Following China’s Rate Decision On Thursday, the Australian dollar (AUD) saw an uptick against the US dollar (USD) after the People’s Bank of China (PBoC) opted to maintain its Loan Prime Rate (LPR) in November. Specifically, the one-year LPR stayed at 3.00% and the five-year LPR at 3.50%. Given that Australia and […]
Australian Dollar slips slightly even with RBA Minutes indicating a careful approach
The Australian dollar (AUD) has continued to show weakness against the US dollar (USD) as of Tuesday, following losses from the previous day. The AUD/USD pair is experiencing decline after the Reserve Bank of Australia (RBA) released minutes from its November monetary policy meeting. According to those minutes, RBA board members hinted at a more […]
What time will the RBA Minutes be released and how might they influence AUD/USD?
Overview of RBA minutes The Reserve Bank of Australia (RBA) is set to release the minutes from its monetary policy meeting at 00:30 (GMT) on Tuesday. This will offer a detailed look into the discussions held by RBA Board members when making decisions about monetary policy and economic conditions that influenced interest rate changes and […]