RBA and BoE Take Center Stage Amidst U.S. Light Week
During the March meeting, Australia's central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. During the last meeting, the Bank of England maintained its interest rate at 5.25%. Governor Andrew Bailey emphasized the importance of ensuring that inflation returns to the 2% target and remains there, stating that the current situation does not warrant
Australian Dollar Battered Amid Market Turmoil Faces RBA and GDP
The Australian Dollar has got two huge economic data points on the schedule this week, but they may have to stray far from expectations to loosen overall risk appetites grip.
Australian Dollar Bears Rule But May Not Turn Up Heat This Week
The Australian Dollar remains close to notable lows against its US counterpart and the market is still betting on aggressive rate cuts from the RBA
Australian Dollar Gains Should Hold As Markets Still Think Fed Will Cut
The Australian Dollar has shared fully in the broad US Dollar weakness seen as markets become more certain that US rates are going lower.
S&P 500 Uptrend Eyed, Risks for AUD/USD Tilted to Upside on RBA
The S&P 500‘s uptrend carried on as markets focused on upbeat US ISM Manufacturing PMI data. Ahead, the risks for AUD/USD are tilted to the upside on April’s RBA rate decision.