TAG: Australian Inflation
Australian Central Bank Meeting Removes Rate Hike Option – Minutes
The Reserve Bank of Australia minutes of the March meeting indicated that there was no mention of raising interest rates. This points to a less hawkish stance but the Australian dollar is unchanged following the release of the minutes. Reserve Bank drops...
6 months ago
Australian dollar extends gains despite soft confidence data
The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is trading at 0.6620, up 0.25%. Consumer confidence sags Australian consumers have been pessimistic about the economy and their mood soured even more in April. The...
6 months ago
AUD/USD steadies ahead of employment data
The Australian dollar has stabilized on Wednesday, after a 2.2% decline over the past three days. In the North American session, AUD/USD is trading at 0.62254, up 0.37% but remains close to five-month lows. Australian job growth expected to slide Australi...
5 months ago
Australian dollar shrugs off soft job numbers
The Australian dollar is steady on Thursday. In the European session, AUD/USD is trading at 0.6442, up 0.12%. Australia’s employment declines Australia’s job growth hit the breaks in March and fell by 6,600. This missed the market estimate of a gain of 7,...
5 months ago
AUD/USD extends gains as inflation higher than expected
The Australian dollar has edged higher on Wednesday. In the European session, AUD/USD is trading at 0.6504, up 0.27%. The Australian dollar rose as high as 0.6529 (0.64%) after the Australian inflation release but has pared about half of those gains. Aust...
5 months ago
AUD/USD hits one-month high, RBA decision next
The Australian dollar has started the week with modest gains. AUD/USD is up 0.25%, trading at 0.6624 in the European session at the time of writing. The Aussie is coming off a strong week, having gained 1.19%. RBA widely expected to pause The Reserve Bank...
5 months ago
Australian dollar edges lower ahead of CPI
The Australian dollar has edged lower on Tuesday. AUD/USD is trading at 0.6535 in the North American session, down 0.21% on the day. Australian CPI expected to rise to 3.8% Australia will release second-quarter CPI early Wednesday, with expectations that...
2 months ago
Australian dollar under pressure as inflation rises
The Australian dollar has edged lower on Wednesday. AUD/USD is trading at 0.6525 in the North American session, down 0.14% on the day. Earlier, the Aussie dropped as much as 0.9% and fell to a low of 0.6479 before recovering. Australian CPI climbs to 3.8%...
2 months ago