{"id":62460,"date":"2022-03-22T17:49:13","date_gmt":"2022-03-22T13:49:13","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=62460"},"modified":"2022-03-22T17:49:15","modified_gmt":"2022-03-22T13:49:15","slug":"australian-dollar-hits-19-week-high","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/australian-dollar-hits-19-week-high\/03\/22\/market-updates\/","title":{"rendered":"Australian dollar hits 19-week high"},"content":{"rendered":"\n<p>The Australian dollar hit a five-month high of $0.7443 before settling around $0.744 on Tuesday, as investors price the chances of the Reserve Bank of Australia catching up with the Federal Reserve&#8217;s tightening.<\/p>\n\n\n\n<p>Previous hawkish comments by Federal Reserve Chairman Jerome Powell put pressure on the Australian dollar, with Powell hinting at a hike in US interest rates to curb high inflation.<\/p>\n\n\n\n<p>Meanwhile, investors are now seeing the Reserve Bank of Australia raise interest rates to 1.5% this year, compared to 1.25% in the previous forecast.<\/p>\n\n\n\n<p>The first rally should come early in June, as the central bank said it was open to tightening monetary policy if the economy continues to strengthen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian dollar hit a five-month high of $0.7443 before settling around $0.744 on Tuesday, as investors price the chances of the Reserve Bank of Australia catching up with the Federal Reserve&#8217;s tightening. Previous hawkish comments by Federal Reserve Chairman Jerome Powell put pressure on the Australian dollar, with Powell hinting at a hike in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":31723,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7036,7642,6853,8143],"class_list":["post-62460","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-aud","tag-australian-economy","tag-employment","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=62460"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62460\/revisions"}],"predecessor-version":[{"id":62461,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62460\/revisions\/62461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31723"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}