RBA Shielding Aussie Dollar Against Hawkish Fed
AUD/USD ANALYSIS & TALKING POINTS Two hawkish central banks (RBA and Fed) battle it out. U.S. jobless claims in focus later today. AUD/USD sandwiched between 0.69 and 0.70 respectively. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling […]
Australia’s 4 largest banks have all passed through the RBA rate hike
ANZ, CBA, NAB and Westpac are Australia’s 4 largest banks, by a long way. All have passed through, in full, the RBA 25bp rate hike to variable-rate mortgage loans. At the margin the higher mortgage rates will act to reduce demand in the economy. Which is sort of the point of an RBA rate hike. […]
Morning Bid: Powell confesses ‘This time it’s different’
A look at the day ahead in U.S. and global markets from Mike Dolan.Jerome Powell calmed the horses, a bit.In attempting to parse last week’s blockbuster January jobs report, the Federal Reserve Chair on Tuesday reprised his take from last Wednesday’s policy meeting – essentially that another couple of Fed rate hikes were probably needed […]
AUD traders heads up – RBA Statement (SoMP) due on Friday, then Lowe speaks next week
The Reserve Bank of Australia sounded a hawkish note in its policy decision and accompanying statement from Governor Lowe: The RBA promised “further increases in interest rates will be needed over the months ahead”. The quarterly Statement on Monetary Policy (SOMP) is due on Friday at 11.30 am Sydney time. 0030 GMT, and 1930 US […]
EURAUD: Downside pressure intensifies after RBA statement
The Reserve Bank of Australia announced a 25 basis point rate hike to 3.35% (the highest level since September 2012), in line with market expectations. The central bank has raised rates by a total of 325 basis points in nine hikes since last April. Affected by inflationary pressures and a tight labor market, the committee […]
RBA raises interest rates, focus on Jerome Powell’s speech
The Reserve Bank of Australia (RBA) raised borrowing costs by 0.25%, in line with market analysts’ expectations. Economists suggest that Australia’s central bank is likely to follow up with another rate hike in March. Oil prices rose on Tuesday, helped by optimism over the recovery in demand from China, the largest crude importer in the […]
Asia FX muted amid Fed jitters, Australian dollar boosted by RBA By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies moved little on Tuesday in anticipation of an address by Federal Reserve Chair Jerome Powell, while the Australian dollar shot up after the Reserve Bank raised interest rates and flagged more hikes in store. The jumped 0.7% to $0.6929, coming close to the key 0.7 […]
AUD/USD bounces on RBA but still faces Powell hurdle
The RBA delivered with a 25 bps rate hike as expected but it was a change to the forward guidance that really helped to give the aussie a boost so far today. A notable change is that the central bank removed the wording that policy is not on a “pre-set course”, instead choosing to emphasise […]
Australian Dollar Jumps Post RBA Hike of 0.25% as Expected. Where to for AUD/USD?
Australian Dollar, AUD/USD, RBA, CPI, Trade, China, ASX 200, Fed, US Dollar – Talking Points The RBA hiked for the ninth time to 3.35%, a lift of 25 basis points AUD/USD firmed in the immediate aftermath but eased since The RBA sees more hikes ahead. Will that underpin AUD/USD? Recommended by Daniel McCarthy Get Your […]
RBA rate hike expected today – preview
National Australia Bank on the Reserve Bank of Australia meeting today, Tuesday, 7 February 2023: The RBA is expected to deliver another 25bp increase to take the Cash Rate to 3.35%, an outcome expected by almost everyone surveyed by the main media outlets (a couple are picking no change, no-one a 50-point increase). Money markets […]