rba

The RBA meets tomorrow to decide what to do with interest rates. And, once again, there is considerable uncertainty over how much the rate hike will be. A survey of Australian economists found that 91% expected a rate hike this time around.…
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AUDUSD consolidates gains The Australian dollar bounced higher after the RBA raised its cash rate by 50 basis points. A break above May’s high at 0.7260 has prompted the bears to cover their positions, paving the way for a potential…
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At their last meeting, the RBA caught most economists by surprise, raising interest rates by 25bps to an unusual level of 0.35%. Most analysts expected no move, and those who did, figured the Reserve Bank would align policy at 0.25%.…
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AUDUSD struggles to rebound The Australian dollar recovered after the RBA raised its cash rate for the first time in over a decade. A break below 0.7100 further weighed on sentiment. Caution still prevails as buyers are wary of…
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The last time the RBA met, there was a solid consensus that they would keep rates at a historic level of 0.10%. That was based on two main things. Firstly, the inflation data hadn't been released yet, and secondly, Australia was heading…
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GBPUSD tumbles amid fears of recession The pound plunges as fears of an economic slowdown in Britain take hold amid a cost of living crisis. The Bank of England has adopted a softer tone recently by acknowledging that its policy…
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GBPUSD tests critical floor The US dollar continues upward as markets wager a 50 bp Fed hike next month. The pound's latest rally came to a halt in the supply zone around 1.3150 which coincides with the 30-day moving average. As the…
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USDJPY rallies over widening rate gap The Japanese yen hit a 20-year low against the US dollar as traders buy into a hawkish Fed. Low yield currencies have been lagging behind as the US central bank ramps up monetary tightening.…
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AUDUSD breaks major resistance The Australian dollar soared after the RBA signaled higher interest rates later this year. The pop above the daily resistance at 0.7550 has put the Aussie on a bullish reversal course for the weeks to…
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The AUDUSD has remained relatively flat the last couple of weeks, despite ongoing appreciation in the commodity prices. The Aussie hasn't been able to capitalize on the general inflation environment despite being a commodity currency. In…
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