The Australian Dollar is struggling to gain traction but the RBA might be posturing toward a more hawkish stance and it may manifest in CPI remains robust. Where to for AUD/USD and EUR/AUD?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.The Japanese Yen has been sliding lower as Treasury yields outpace JGB yields to the upside, assisting the US Dollar to gain groun...The Australian Dollar has been beaten about by US Dollar swings in recent history but that might be about to change if the RBA moves out of step with other central banks.
This implied potential for tightening had been interpreted by the market as a ‘maybe’ for further hikes. And rightly so, the bank has left rates unchanged for four meetings. Then last Tuesday, the RBA meeting minutes stood out with the language indicating that the bank was much closer to hiking than the statement accompanying the gathering specified.
She said, “The problem is we’ve had shock after shock after shock. The more that keeps inflation elevated, even if it’s from supply shocks, the more people adjust their thinking.” Nonetheless, the market appears likely to get a clear picture from the RBA Governor on Thursday. Ms Bullock is unencumbered from any commentary that might have impeded her predecessor from being aggressive in stamping out inflation.lows near zero, while the Federal Reserve has hiked by 525 bps. There is room for the RBA to catch up., the latter to be below the medium-term SMA and the medium-term SMA to be below the long-term SMA. All SMAs also need to have a negative gradient.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
EUR/USD Forecast: US Dollar under pressure ahead of Powell's wordsThe EUR/USD pair keeps the range around 1.0550 on Thursday as investors try to assess risk-related headlines. On the one hand, geopolitical tensions
Weiterlesen »
Australian Dollar extends losses on a third day after stronger US dataThe Australian Dollar (AUD) faces a third consecutive day of losses, likely influenced by a prevailing risk-off sentiment. However, the AUD/USD pair f
Weiterlesen »
Aussie would probably be massively punished if the RBA did not act against stubborn inflationEconomists at Commerzbank analyze Aussie outlook ahead of next week’s Australian inflation data. Inflation data is likely to be what matters for the R
Weiterlesen »
Gold Price Forecast: XAU/USD’s further upside hinges on Fed’s Jerome PowellGold price has entered a phase of bullish consolidation near $1,950, having reached an over two-month high at $1,963 on Wednesday. Gold buyers are bid
Weiterlesen »
Asia FX nurses steep losses as dollar firms before Powell speechAsia FX nurses steep losses as dollar firms before Powell speech
Weiterlesen »
AAVE Price Forecast: Aave bears could kickstart a 17% crashAAVE price shows a potential start to the downtrend that could extend to lows last seen in early September. Investors need to be careful of steep corr
Weiterlesen »