Australia Consumer Price Index (CPI) report will be decisive for the next Reserve Bank of Australia (RBA) decision and, therefore, for the Aussie, eco
nomists at Commerzbank report. Inflation data will be decisive for the RBA The Australian inflation data for Q3, due for publication on Wednesday, are likely to be decisive for the RBA when it comes to deciding whether it will hike the key rate again next week .
If inflation eases less quickly than expected, rate hike expectations for next week and thus AUD will receive additional upside momentum. However, the RBA will then have to deliver either with actions or at least with clear words, signalling a rate hike for December. Otherwise, AUD would suffer all the more.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY Price Analysis: Gains momentum as bullish-engulfing pattern emergesAUD/JPY snapped three days of losses on Monday, gaining 0.31%, while forming a bullish-engulfing two-candle chart pattern, which suggests that further
Read more »
AUD/USD Price Analysis: Holds onto recovery ahead of Aussie Inflation, US GDP dataThe AUD/USD pair finds an interim resistance after extending recovery to near 0.6380 in the early New York session. The Aussie asset holds onto recove
Read more »
Nervous time to be a big power consumer in Australia, BHP saysAustralia’s accelerating shift from coal-fired power to clean energy is stoking volatility in its power markets and raising concerns for large businesses, according to BHP Group, the country’s most valuable company.
Read more »
AUD/USD to drift higher over coming year, reaching 0.73 by end-2024AUD/USD is currently trading around 0.63 and at times lower. Economists at National Australia Bank analyze the pair’s outlook. One further increase in
Read more »
AUD/USD rebounds into 0.6350The Australian Dollar (AUD) caught a bounce from 0.6300 against the US Dollar (USD) in Monday's trading, rallying into 0.6350. The AUD/USD opened up t
Read more »
AUD/USD recovers lost ground below 0.6350 following Australian PMI dataThe AUD/USD pair posts modest gains below the mid 0.6300s during the early Asian session on Tuesday. The rebound of the pair is supported by the corre
Read more »