The Australian dollar climbed above $0.653 on Wednesday, marking its fourth straight session of gains, supported by a weaker US dollar and a hawkish outlook on Reserve Bank of Australia policy.
The greenback ran into some profit-taking in recent sessions following a strong rally, while investors awaited news on US President-elect Donald Trump's pick for Treasury Secretary. On the domestic front, minutes from the RBA's November policy meeting indicated that the central bank intends to maintain a restrictive monetary policy until it is confident that inflation is sustainably moving toward its target, while remaining vigilant about upside risks to inflation. However, the RBA stressed that it is not ruling anything in or out regarding future policy adjustments.
Currently, markets are pricing in a 37% chance of an RBA rate cut in February, and a 58% probability by April. A 25 basis point reduction to the 4.35% cash rate is not fully priced in until May.
Source: Trading economics
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, extending its losses for the third successive session. The AUD/USD pair remains subdued as the US Dollar gains support af...
The Australian Dollar (AUD) strengthened slightly against the US Dollar (USD) on Monday, extending its gains as the greenback remained on the defensive. This move came amid strong confidence that the ...
The Australian dollar weakened slightly on Thursday after strengthening in the previous session. The AUD/USD pair still has room to recover as the US dollar faces pressure following weaker-than-expect...
The Australian Dollar (AUD) loses ground on Wednesday for the second consecutive day. The AUD/USD pair struggles as the US Dollar (USD) extends its gains despite the United States (US) Nonfarm Payroll...
The Australian Dollar (AUD) is under pressure against the US Dollar (USD) on Thursday, with AUD/USD down almost 0.50%, trading near 0.6510 at the time of writing. The pullback reflects broad Greenback...
India's Trade Minister Piyush Goyal will visit Washington today, September 22, to push forward a long-pending trade deal, following renewed talks last week. "The delegation plans to take forward the discussions with a view to achieving early...
Gold prices edged up to around $3,690 per ounce on Monday (September 22), nearing a record high, as investors awaited US inflation data and Federal Reserve officials' speeches for further policy guidance. After the Fed announced its first interest...
The dollar was steady on Monday as traders looked ahead to a slew of speeches from Federal Reserve officials throughout the week that could provide further clues on the U.S. rate outlook, after the central bank resumed its easing cycle last...
US stocks closed at new highs on Friday (September 19), continuing their record-breaking rally from the previous session as investors digested...
European stocks closed slightly higher on Friday (September 19th) as strength in the heavyweight financial sector offset mixed movements elsewhere,...
US equities were higher on Friday, extending momentum after the three major benchmarks notched fresh record closes in the previous session. For the...
The STOXX 50 and STOXX 600 hovered near the flatline on Friday as investors digested a week filled with monetary policy decisions. The Bank of Japan...