Tag Archives: AUD

A report, by Credit Agricole Bank, contains expectations for the price movement of the Australian dollar in light of the monetary policy rhetoric that has been adopted by the interest rate statement by RBA and the statements of the central bank’s Chair following the announcement of keeping rates unchanged last …

The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, …

The USD Index (DXY) gave up some of its recent gain amid lower yields across the curve due to a data-driven sell-off. The BoE furthered the policy divide between the Fed and its G10 counterparts by holding rates steady and paving the way for a rate cut earlier than expected. …

The Reserve Bank of Australia is at a turning point in history, and both the financial markets and people will be impacted by its looming action. The stakes are high as RBA Governor Michele Bullock gets ready to reveal the monetary policy. Let’s attempt to examine the main elements at …

The US dollar started the week on the back foot in a week where interest rate cut bets by the Fed would be in the focus of interest amidst the FOMC event and the release of Non-farm Payrolls data for April.The US dollar lost Friday’s gains due to the yen’s …

On Thursday, the Australian dollar found brief support around the $0.6500 level, despite continuing downward trends. The upwardly revised US economic growth data made little to change the downtrend, as the US Dollar declined from a six-week high.The Reserve Bank of Australia’s (RBA) recent interest rate hikes have made Australia’s …

Markets seem to have entered a consolidative stage ahead of key data releases on both sides of the ocean, while Fed speakers and ECB officials equally appear aligned behind the idea of cutting rates later than the majority of investors anticipate.The USD Index maintained its gradual leg lower in place, …

A further depreciation of the US dollar enabled riskier financial assets to continue rising in the green, amidst persistent bets of a June interest rate cut by the Fed and before of important inflation data for the US (PCE) and the Eurozone’s CPI data. When measured by the USD Index …

A growing appetite for riskier assets caused gold prices to retreat during the North American session, closing in on the $2010 area. The recovery of interest in the risk complex put pressure on the dollar and drove the EUR/USD pair above 1.0900. News of further stimulus in China from the …

The US dollar was strongly supported by investors’ diminishing speculation about Fed interest rate cuts as US markets returned to a regular schedule. Meanwhile, the European currency was eventually affected by ECB officials’ continued disagreement with market perceptions regarding the timing of rate reductions. It is anticipated that Fedspeak, US …