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 […]
Dovish Statement Bumps USDIndex | HF Analysis
USDINDEX, Daily USDIndex, Daily The US dollar index fell to a 9-month low amid dovish comments from Fed Chair Powell that sent bond yields tumbling and sparked a rally in stocks, dampening demand for the dollar. The index lost -0.89% in yesterday’s trading. The US 10-year Treasury yield fell to 3.39% on Wednesday, approaching a […]
EUR/GBP likely to benefit from a dovish BoE statement – Danske Bank
Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at Danske Bank expected the central bank to hike the Bank Rate by 50 basis points. They see the cycle ending in March with a 25 bps hike. They argue that next week the dovish communication from the BoE should send […]
USD/JPY above 131.20 after the earlier no change Bank of Japan statement
<p>The Bank of Japan left policy untouched:</p><p><a href="https://www.forexlive.com/centralbank/boj-announces-no-change-to-jgb-yield-band-20230118/" target="_blank" rel="follow" data-article-link="true">BOJ announces no change to JGB yield band</a></p><p>The yen response was instant:</p><p><a href="https://www.forexlive.com/centralbank/usdjpy-and-yen-crosses-have-soared-after-the-boj-leaves-policy-untouched-20230118/" target="_blank" rel="follow" data-article-link="true">USD/JPY (and yen crosses) have soared after the BOJ leaves policy untouched</a></p><p>And the slamming continues:</p><p>Government bond yields across the globe have dipped on the announcement. </p> This article was written […]