The Australian Dollar (AUD) continues its losses on Tuesday due to another surge in US Dollar (USD) and US Treasury yields. Additionally, the AUD/USD
Australia’s central bank maintains the status quo and keeps the current interest rate unchanged at 4.10% in the policy meeting on Tuesday, which could contribute to pressure on thepair. However, there is a likelihood of hiking rates to a peak of 4.35% by the end of this year as inflation remains above target, according to a Reuters poll.
Daily Digest Market Movers: Australian Dollar falls ahead of RBA interest rate decision, stronger US DollarThe Aussie Dollar is under pressure ahead of the RBA interest rate decision. Manufacturing Prices Paid fell significantly from 48.4 to 43.8. The Employment Index rose from 48.4 to 51.2. Fed Vice Chair for Supervision Michael Barr emphasized a cautious approach to monetary policy. Barr stated that the central bank should be mindful not just of how much interest rates will increase, but also of the duration they will be held at a sufficiently restrictive level. Despite this, Barr believes that the Fed can manage inflation without causing significant harm to the job market.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Australian Dollar attempts to continue the winning streak, RBA policy decision eyedThe Australian Dollar (AUD) holds ground to continue the winning streak on the third successive day on Monday. The AUD/USD pair receives upward suppor
Weiterlesen »
Forex Today: US Dollar shows its strength, RBA to keep rates unchangedThe key event in the Asian session will be the Reserve Bank of Australia meeting. Later in the day, Switzerland will report consumer inflation, and in
Weiterlesen »
AUD Price Forecast: Aussie Dollar Slips on Weak PMI’s Ahead of RBAAUD prices weakened against the USD on sluggish PMI data alongside a likely rate pause by the RBA at tomorrow’s interest rate announcement.
Weiterlesen »
Canadian Dollar receding for Monday as US Dollar climbs, Oil slipsThe Canadian Dollar (CAD) has fallen 0.70% against the US Dollar (USD) in Monday trading as broader market risk appetite turns south and jittery inves
Weiterlesen »
AUD.USD falls back below 0.6400 ahead of RBA rate callThe AUD/USD is washing back into familiar lows for Monday, trading into 0.6340 as broad-market sentiment turns risk-off. The Aussie (AUD) is down 1.2%
Weiterlesen »
RBA Preview: Forecasts from eight major banks, no change in rates, hiking in November?The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, September 3 at 03:30 GMT and as we get closer to the rel
Weiterlesen »