TAG: RBA

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

Market Insights Podcast – BOJ, AU inflation, US PCE and US Magnificent 7 stocks earnings in the focus

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, Australia’s monthly CPI (March) out on Wednesday (24 Apr) is expected to come in at a similar annualized pace of 3.4% as printed in Febr...

5 months ago

Market Insights Podcast – BOE, RBA, China trade and inflation data on the radar for this week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, two central banks’ monetary policy to ponder on ex-post “not so hawkish” FOMC last week engineered by Fed Chair Powell’s press conferenc...

5 months ago

AUD/NZD: Aussie medium-term outperformance against Kiwi intact supported by RBA

Today’s RBA monetary policy decision statement has kept the possibility of a rate hike before 2024 ends “alive”. The narrowing of the discount between Australia-New Zealand sovereign bonds yield spread has supported the potential continuation of the AUD/...

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

Aussie Soars on Hawkish RBA Guidance

Aussie Rallies Following CommentsThe Aussie Dollar is trading firmly higher today on the back of comments from the RBA governor this morning. Bullock warned that the RBA won’t refrain from hiking rates again if needed. Her comments come just days after th...

2 months ago

Aussie Soars on Hawkish RBA Minutes

RBA: Rates to Stay Higher for LongerThe Australian Dollar is trading higher today on the back of the release of the latest RBA meeting minutes overnight. The tone of the meeting was more hawkish than many were expecting and traders were accordingly braced...

1 month ago

Aussie Holds At Highs After CPI Data

CPI Cools, But Less Than ForecastThe Aussie Dollar is back in the spotlight today following the latest Australian CPI data overnight. Consumer inflation was seen cooling to 3.5% last month, down from 3.8% prior though a touch above the 3.4% the market was...

1 month ago

Aussie Testing Highs Following RBA's 'Hawkish Hold'

Hawkish RBA MeetingThe Australian Dollar is testing the 2024 highs today on the back of the latest RBA meeting overnight. The central bank held rates unchanged and reaffirmed its commitment to maintaining or hiking rates as necessary in order to curb elev...

3 weeks ago