AUD/USD Rises as RBA Holds Rates & Resists Broader Easing Push
Although its major peers are cutting rates, the RBA does not go do down this road and the Aussie reacts higher
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Although its major peers are cutting rates, the RBA does not go do down this road and the Aussie reacts higher
The pair drops and heads towards its worst month of the year, as Australian inflation showed further moderation and is likely to add pressure to the RBA to follow its peers and start cutting rates
The pair has entered its fourth straight profitable week as bets of another hike by the BoJ this year dissipate and the Fed adopts a more served approach around easing
The dollar climbed to a two-and-a-half-month high, fueled by stronger-than-expected U.S. economic data, indicating the Federal Reserve may cut rates by only 50 basis points this year. With a strong correlation between rising real rates and the dollar's performance, the outlook remains positive for the greenback.
The pair extends this month’s losses, as UK inflation dropped below the 2% target for the first time in over three years, strengthening the case for bolder rate cuts by the central bank
The pair is having a positive month as lower Swiss inflation strengthens the case for further SNB easing, while persistence in the US leads to cautious commentary, but the upside contains key roadblocks
The pair extends its losses after the central bank of New Zealand accelerated its easing pace after August’s pivot as inflation cools, the economy contracted and unemployment is rising
The pair deepens the pullback from the 2024 peak as US NFPs moderate expectations around the Fed’s easing path and BoE governor Bailey offered dovish remarks
The pair extends its recovery from the 2024 lows as Fed Chair Powell struck a more cautious tone around the pace of easing, while Japan’s new PM does not want further hikes
The pair remains under pressure as the third straight 0.25% move is no match for the Fed’s jumbo cut and aggressive easing path
The Australian central bank kept rates again at their 12-year highs and ruled out joining major peers in cutting them any time soon
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