Cross-currency swap explained: definition, calculation and example
A cross-currency swap is a type of FX instrument used by institutions and banks to gain better access to foreign debt markets. Find out more about this swap and why it’s used.
RBA Meeting Minutes continue to point to a slowing of RBA rate hikes and what next for the AUDUSD
The focus this morning for local markets has been on the RBA Board meeting minutes for September and for possible clues it contained as to the Board’s view around the pace of future interest rate hikes.
Antipodean double header next test for AUDNZD
With the dust still settling on last night’s red-hot U.S inflation data, attention locally will turn to an Antipodean doubleheader tomorrow in the shape of Q2 NZ GDP and the Australian August labour force report.
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Australian Consumer and Business confidence improves - but AUDUSD in wait and see mode
This morning saw the release of Australian Business and Consumer Confidence data, framed against surging prices and a fourth consecutive 50bp rate hike from the RBA last week.
AU Q2 2022 GDP review and what comes next for the AUDUSD
The national accounts released today showed the Australian economy in the June Quarter expanded by a solid 0.9% and 3.6% YoY. It's the third consecutive quarter of economic expansion for the Australian economy.
A fourth 50bp RBA rate hike leaves AUDUSD neither shaken nor stirred
At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate for a fourth consecutive time by 50bp from 1.85% to 2.35%.
DXY hits the brakes - will the Euro fly right by?
The initial reaction in the FX market was as expected yesterday after Fed Chair Powell’s hawkish remarks at Jackson Hole.
AU July Jobs Report - A messy mix fails to cloud labour market strength
The Australian jobs report for July has provided a messy mix. The unemployment rate fell to a 48-year low of 3.4%, despite the economy shedding 40,900 jobs, snapping a run of eight consecutive months of gains.
RBNZ Review Hawkish Orr strike fails to boost bird - NZDUSD
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 3%. It is the RBNZ’s fourth straight 50bp hike in a row, in a tightening cycle that started back in October.
August RBNZ Preview and what next for the NZDUSD
At its meeting tomorrow, the Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 50 basis points taking the cash rate to 3%. It will be the RBNZ’s fourth consecutive 50bp hike in a tightening cycle that started in October.
RBA delivers dovish surprise to undercut the recent AUDUSD rally
At its monthly meeting this afternoon, the Reserve Bank Board raised its official cash rate for a third consecutive time by 50bp from 1.35% to 1.85%.
AU Q2 inflation surges but fears ease over supersized 75bp RBA rate hike
June quarter Australian inflation data has surged to 6.1%, but below consensus expectations easing fears of a supersized 75bp rate hike when the RBA meets next week.
RBA Meeting Minutes support cautious AUDUSD rally
With Asian markets in a more cautious mood after being wrongfooted by the overnight sell-off on Wall Street, the focus this morning has been on the RBA Board meetings for July.
Thumping AU jobs report supports further gains for AUDNZD
Good news today for the Australian economy as the employment report for June stunned with across-the-board strength.
RBNZ Preview and what next for the NZDUSD
At its meeting on Wednesday, the Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by 50 basis points taking the cash rate to 2.50%. It will be the RBNZ’s third straight 50bp hike in a row, in a tightening cycle that started back in October.
Key takeaways from todays RBA communique and what it means for the AUDUSD
Following last week's mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning.
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RBA Preview and what next for the AUDUSD?
At its monthly meeting next Tuesday, the 7th, the Reserve Bank Board is widely expected to raise the cash rate from its current setting of 0.35%.
AU Q1 2022 GDP beats forecasts and frames further gains for AUDNZD
As the release of the final partials yesterday warned, Australian Q1 2022 Australian GDP has beaten expectations, rising by a solid 0.8% QoQ and 3.3% YoY, despite the impact of Omicron and the devastating rains and floods that hit the East Coast.
AU Q1 2022 GDP preview and what comes next for the AUDUSD
Just one week before the highly anticipated June RBA Board meeting, Australian Q1 2022 GDP is set to drop this Wednesday.
Bird flies after RBNZ hawkish hike - NZDUSD
The Reserve Bank of New Zealand has today raised the Official Cash Rate by 50 basis points to 2.00%, a follow up to its 50bp rate hike in April. While this was widely expected, a surprise came as the RBNZ revised the OCR terminal rate to 3.9% in June 2023 from its earlier 3.35% forecast.
RBNZ preview and what comes next for the NZDUSD?
The Reserve Bank of New Zealand is widely expected to raise the Official Cash Rate by another 50 basis points to 2.00% at its meeting tomorrow. The real focus will be on the accompanying Monetary Policy Statement (MPS), which will provide updated inflation forecasts and OCR track changes.
AUDUSD slumps after soft wages data and fears of new lockdowns in China
After the RBA Minutes noted yesterday that members had considered a 40bp rate increase at the May meeting, the focus for traders this morning was firmly on Q1 AU 2022 wages data - seeking clues as to the size of the RBA's next rate hike.