The Australian Dollar (AUD) has been performing well
The Australian Dollar (AUD) has been performing well. This is attributed to comments from the Reserve Bank of Australia (RBA) Governor, indicating that if inflation pressures persist, a more significant tightening may be the appropriate policy response. The market seems to interpret this as a possibility of additional rate hikes. Considering this development, it may […]
Dollar selling dominated by yesterday’s ISM and today’s Central Bank of Australia, and the trend may continue with little material after this.
Yesterday, the market saw a prevailing selling sentiment for the US dollar, triggered by unexpectedly weak results in the US ISM Non-Manufacturing Purchasing Managers’ Index. Additionally, the Reserve Bank of Australia (RBA) surprised the market by implementing an interest rate hike during today’s RBA policy meeting, leading to a sharp appreciation of the Australian dollar […]
The Australian central bank raises interest rates by 0.25%, the highest level in 10 years Suggests additional tightening
The Reserve Bank of Australia (Central Bank) raised the official cash rate of the policy interest rate by 25 basis points (bp) to 3.35% on the 7th. It is the highest level in 10 years. He reiterated his view that more interest rate hikes would be needed, and struck a more hawkish tone than many […]