Close split keeps May hike in play – TD Securities

Close split keeps May hike in play – TD Securities

TD Securities strategists Prashant Newnaha and Alex Loo note the RBA lifted the cash rate by 25 bps to 4.10% in a narrow 5-4 decision, driven mainly by elevated domestic inflation and excess demand. They still expect another hike in May but stress that outcome is not assured, with Middle East conflict dynamics and inflation […]

RBA Governor Bullock speaks on policy outlook after the expected interest rate hike

RBA Governor Bullock speaks on policy outlook after the expected interest rate hike

Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reasons behind raising the benchmark interest rate by 25 basis points (bps) to 4.10% after the March monetary policy meeting. Bullock is responding to media questions as part of a new reporting format for the central bank that began last […]

NZD/USD dips below mid-0.5800s as USD gains, focus on Fed and NZ GDP

NZD/USD dips below mid-0.5800s as USD gains, focus on Fed and NZ GDP

The NZD/USD pair meets with a fresh supply during the Asian session on Tuesday and erodes a part of the previous day’s solid recovery from the vicinity of a one-month low, touched last week. Spot prices currently trade just below mid-0.5800s and seem vulnerable while below a technically significant 200-day Simple Moving Average (SMA). Investors […]