AUD/USD stays above 0.6400 after RBA rate cut, awaiting US Trump tax bill approval
The AUD/USD is expected to remain steady at 0.6420 in early Asia, following a 0.49% drop on Tuesday due to a rate cut by the RBA to 3.85%. The RBA’s decision to lower rates by 25 basis points was based on a more balanced view of inflation risks and growing global uncertainty. The governor indicated […]
Australian dollar falls as RBA reduces rates and cautions about global prospects
Australian Dollar Takes a Dip Following Rate Cut SYDNEY – The Australian dollar saw a decline on Tuesday, which seemed to reflect a shift in market expectations after the country’s central bank decided to cut interest rates, emphasizing the potential economic challenges posed by the ongoing World Trade War. The Reserve Bank of Australia has […]
Forex Update: RBA and PBoC lower interest rates, focusing on Canadian inflation statistics
News Brief for May 20th The Reserve Bank of Australia (RBA) and the People’s Bank of China (PBOC) both introduced interest rate cuts early Tuesday, which wasn’t exactly unexpected. Meanwhile, the US Dollar (USD) is finding it tough to hold its ground as market sentiment leans towards caution. Later, Statistics Canada will unveil the Consumer […]
Australian Dollar stays low after PBoC’s interest rate choice, attention on RBA
The Australian Dollar has seen losses following a reduction in its one-year loan prime rate from 3.10% to 3.00%. The Reserve Bank of Australia is anticipated to lower interest rates by 25 basis points soon. The US dollar has weakened after a credit rating downgrade by Moody’s from AAA to AA1. The Australian Dollar (AUD) […]
Dollar slips after US credit downgrade, Aussie reduces losses ahead of RBA
TOKYO (Reuters) – On Monday, the US dollar slid to weekly lows, while the yen, seen as a safe haven, gained ground as markets grappled with a surprising downgrade of US government credit ratings alongside growing trade tension concerns. Sentiment remains shaky. The Australian dollar rebounded after a three-day slump, anticipating a significant quarter-point cut […]
Australian Dollar steadies as RBA Bullock refrains from declaring victory over inflation – FXStreet
The Australian dollar barely moves as traders could have already set a price with their RBA rate reduction decision. The Reserve Bank of Australia has cut its official cash rate by 25 basis points to 4.10%. Fed Gov. Michelle Bowman warned that profit risks continued, underscoring the need to make more clear before considering interest […]
Australian Dollar remains under pressure following the release of the RBA Meeting Minutes – FXStreet
The Australian dollar has fallen as the RBA could start cutting interest rates in February. RBA minutes suggested the board was becoming more confident about inflation. But the risks still existed. The US dollar strengthened as Fed policymakers signaled a reduction in interest rate cuts in 2025, citing a slowdown in the disinflationary process. The […]
European stocks dip, ignoring China rally, Aussie falls after RBA – Yahoo Finance
Written by Chris Prentiss and Pete Schroeder NEW YORK (Reuters) – Global stocks fell and the dollar rose on Tuesday as investors awaited fresh inflation data and more economic news later in the week. Gold prices hit a two-week high, boosted by rising geopolitical tensions and expectations of a third interest rate cut by the […]
Australian Dollar rises amid hawkish RBA guidance – FXStreet
AUD/USD strengthens as RBA Governor Michelle Bullock emphasizes the need to maintain a restrictive interest rate stance. The US presidential election remains the main driver for AUD/USD ahead of the Trump and Harris elections. Trump's victory is expected to be detrimental to the Australian dollar, as he has promised to raise tariffs on China. In […]
Australian Dollar holds gains due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar is Hawkish sentiment surrounding the RBA's policy outlook. The Australian dollar could face challenges due to increased risk aversion amid concerns about a potential resurgence of inflation in the US. The yields on US 2-year and 10-year bonds are 4.02% and 4.19%, respectively. The Australian dollar (AUD) reversed recent losses against the […]