RBA keeps door open – Rabobank

RBA keeps door open – Rabobank

Rabobank’s Senior Macro Strategist Bas van Geffen reports that the Australian Dollar (AUD) slipped briefly after the RBA left its policy rate unchanged, as markets interpreted the statement and downgraded growth and inflation forecasts as dovish. Governor Bullock later stressed that another hike is “quite possible” and that the economy remains above capacity, while Rabobank’s […]

Aussie spikes down below 0.7050 as RBA’s Bullock speaks

Aussie spikes down below 0.7050 as RBA’s Bullock speaks

The Australian Dollar (AUD) has reacted with moderate declines against the US Dollar (USD) following Reserve Bank of Australia Governor Michelle Bullock’s speech on Tuesday. The AUD/USD spiked down below 0.7050, from Monday’s highs near 0.7075, as Bullock addressed the press, following the bank’s monetary policy decision, to regain lost ground shortly afterwards. The RBA […]

Japanese Yen holds range in thin holiday trading amid intervention speculations

Japanese Yen holds range in thin holiday trading amid intervention speculations

USD/JPY moves little after posting nearly 1% gains in the previous day, trading around 159.30 during the Asian hours on Tuesday. The pair moved little today, trading in tight ranges as market volumes remained thin with Japanese markets closed for the Mountain Day holiday. The Japanese Yen (JPY) has retraced about half of the gains […]