Softer inflation supports RBA pause – Commerzbank

Softer inflation supports RBA pause – Commerzbank

Commerzbank’s Volkmar Baur notes that weaker-than-expected Australian inflation has sharply reduced market-implied odds of an August RBA rate hike and pushed the AUD lower. While services and non-tradable inflation remain elevated, he expects rates to stay unchanged in August and sees no further hikes this year, implying continued pressure on the Australian Dollar as Oil […]

Fed and energy drivers outweigh BoJ – ING

Fed and energy drivers outweigh BoJ – ING

ING’s Chris Turner and Padhraic Garvey expect the Bank of Japan to keep its policy rate at 1.00% on 31 July, with any modestly hawkish shift seen as unlikely to materially boost the Yen or change the USD/JPY trajectory. They argue that energy prices and the Federal Reserve’s reaction function will dominate USD/JPY over coming […]

XAG/USD gains even as oil prices rebound, Fed policy awaited

XAG/USD gains even as oil prices rebound, Fed policy awaited

Silver price (XAG/USD) trades 1.14% higher to near $57.80 during the Asian trading session on Wednesday. The white metal gains even as oil prices rebound strongly due to renewed conflicts between the United States (US) and Iran. At press time, the WTI Oil price is up 3.65% to near $81.20, snapping a three-day losing streak. […]