The Australian Dollar (AUD) has weakened following the RBA’s latest policy meeting.
The Australian Dollar has weakened following the RBA’s latest policy meeting. Economists at MUFG Bank analyze Aussie’s outlook. RBA to begin cutting rates during the second half of this year The RBA left their policy rate unchanged for the third consecutive meeting at 4.35%. However, the RBA softened their guidance over the likelihood of further rate hikes in the updated policy statement.
The updated guidance from the RBA has made us more confident that the RBA has reached the end of their rate hike cycle although the risk of one final hike can’t be completely ruled out. We expect the RBA to begin cutting rates during the second half of this year. Unlike other major central banks like the Fed, the RBA is expected to be slower to lower rates.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
AUD/USD Outlook: AUD Lifted as Chinese Trade Resumes, RBA Minutes NextThe Aussie dollar has enjoyed some good fortune over the last three trading days, buoyed by a positive resumption of trade in China after new year celebrations
Baca lebih lajut »
AUD/USD rises on RBA’s relatively hawkish stanceAUD/USD is trading in the lower 0.6600s on Wednesday during the US session.
Baca lebih lajut »
AUD/USD maintains position near 0.6570, focus on the RBA decisionAUD/USD snaps its two-day losing streak, advancing to near 0.6570 during the European session on Monday.
Baca lebih lajut »
AUD/USD Forecast: Some support might come from the RBAThe intense buying pressure in the US Dollar (USD) spurred AUD/USD to accelerate its downward movement, extending the break below the critical 0.6600 support level and flirting with the key 200-day SMA around 0.6560/50 band on Monday.
Baca lebih lajut »
AUD/USD creeps lower ahead of RBA’s decision, Fed meeting in focusThe Australian Dollar begins the Asian session, clocking minuscule losses of 0.02% against the US Dollar as market participants prepare for the Reserve Bank of Australia (RBA) monetary policy decision.
Baca lebih lajut »
AUD/USD plunges to 0.6500 on dismal sentiment, RBA’s neutral interest rate guidanceThe AUD/USD pair faces an intense sell-off as downbeat market sentiment has weakened the appeal of risk-perceived assets.
Baca lebih lajut »