rba

Australia's CPI figures for the first quarter will be pivotal for what the RBA does next. Given what happened in New Zealand with their CPI, there is likely renewed interest in the Australian figures this time around. There have been some…
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So far, the central banks of commodity currencies have been going in opposite directions. On the one side was the RBA, which kept rates steady despite high inflation. The Australian market was seen as more vulnerable to disruption from the…
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The RBA is set to meet tonight (or tomorrow, depending on where you're located in the world), and raise rates by another 25bps to 3.60%. That is according to the latest surveys of economists which show near-universal agreement with the…
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It had seemed that the RBA was almost done with the rate hikes, as several indicators for the economy were looking shaky. Rising unemployment was cited often. Another factor is that a large number of home loans are due for renewal in a few…
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The AUDUSD has been trending higher for about a month at this point, but a substantial amount of that could be attributed to events outside of Australia. The latest data releases give reasons to expect a stronger Aussie, but the actions…
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As fears of a recession start to settle in, commodity currencies have been on the backfoot despite offering comparably better real rates. Canada has been a particular example of this phenomenon, with its dollar weakening despite a more…
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The sudden drop in the pound and the emergency intervention by the BOE is largely attributed to the release of Chancellor Kwarteng's "mini-budget", at least in the media. That gives the impression that the issue is exclusively a UK problem,…
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Normally, higher rates would be seen as good for the banking sector. So there is understandably some concern about the financial markets since Australian banking shares are down considerably despite a broad consensus that the RBA will raise…
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Global markets have returned to the downward trend, helped by a series of disappointing data over the last week. Although so far today there is apparently an attempt at a rally, that is likely more technical, related to the end of the…
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EURUSD falls over gloomy outlook The euro weakens as traders fret that an aggressive ECB is pushing the bloc to the brink of a recession. Euro zone inflation continues to surge and could hit a double digit soon. Prices excluding…
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