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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.
US data dump shows mixed results; US Dollar treading water
With mixed data from US Retail Sales, the Philly Fed Manufacturing Index, and the NY State Empire Manufacturing Index, the US Dollar has been quiet.
Antipodean double header data review - NZ GDP and AU jobs
With some calm restored to Wall Street overnight, attention today tuned to the release of Q2 NZ GDP and the Australian August labour force report for August.
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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%.
September RBA Preview and what next for the AUDUSD
On Tuesday, the RBA Board meets and is widely expected to raise the cash rate. Once again, the main question will be how much.
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.
AUD/USD: Where to next?
With poor economic data and a rate cut from China, it was almost a perfect storm for commodity currencies to sell off, particularly, AUD/USD.
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%.
RBA Preview and what next for the AUDUSD
Next Tuesday, the RBA meets again and is widely expected to raise the cash rate. Once again, the main question will be by how much.
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.
Two trades to watch: EUR/USD, AUD/USD
EUR/USD looks to PPI & investor sentiment figures. AUD/USD rises ahead of RBA rate decision.
Fears of global slowdown continue to weigh on Copper and AUD/USD
With more manufacturing due out later in the week, traders need to watch Dr Copper to help gauge the health of the economy. If copper continues its move lower, watch for AUD/USD to move lower with it!
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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When a 75-bps hike is still a baby step – US Housing data in focus
The Fed delivered their well-telegraphed 75-bps hike and left the door open for another one in July. Whether it can tame the inflationary beast remains debatable.
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 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.
Are commodity currencies about to reverse vs the US Dollar?
NZD/USD and AUD/USD have hit key Fibonacci retracement levels and held.
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.
AUDUSD bounces back on RBA minutes and China headlines
This morning saw the release of the RBA’s May meeting minutes. The market was hoping for clues on the likely size of next month’s rate hike, particularly after the bank caught all commentators on the wrong foot last month by raising rates by 25bp to 0.35%.