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 […]
RBA Preview: Interest rates to likely changed, will Bullock drop reference to further tightening? – FXStreet
share: Australia’s interest rate will remain unchanged at 4.35%. Reserve Bank of Australia Governor Michelle Bullock says she has no plans to change her stance. The Australian dollar is poised to widen its decline against the US dollar. The Reserve Bank of Australia (RBA) is widely expected to announce its monetary policy on […]