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 […]
Australian Dollar defends position due to hawkish sentiment surrounding the RBA – FXStreet
The Australian dollar has strengthened as strong employment data makes it less likely that the Reserve Bank of Australia will cut interest rates in 2024. In the third quarter, China's gross domestic product reported growth of 4.6% year-on-year (previously measured at 4.7%). Strong US retail sales data supported the US dollar and raised the possibility […]
Australian Dollar stays strong while markets brace for RBA – FXStreet
The RBA's policy outlook has seen the Australian dollar strengthen against the US dollar. The RBA is expected to keep interest rates unchanged at 4.35%. US S&P Global PMI data showed mixed results during the European session. On Monday, the AUD/USD pair rose 0.40% to $0.6835 by the close of trading on the 10th US […]
Australian Dollar advances further due to rising odds of RBA adopting a hawkish stance – FXStreet
The Australian dollar fell after the RBNZ delivered an unexpected 25 basis points interest rate cut on Wednesday. The Australian dollar could face challenges as safe-haven inflows amid rising geopolitical tensions in the Middle East. The US dollar weakened following weak producer price data on Tuesday. The Australian dollar (AUD) fell against the US dollar […]
Australian Dollar remains steady after RBA Minutes – FXStreet
The Australian dollar strengthened on Tuesday as risk appetite improved. Australia’s consumer confidence index fell 0.3% from the previous month in May, marking the third consecutive month of decline. The RBA minutes indicated that future changes to the cash rate would be difficult to determine or even rule out. Rising US bond yields are contributing […]
AUDUSD Technical Analysis – What changed after the RBA? – ForexLive
The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the Fed may […]