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Australian Dollar Ahead Of RBA Rate Decision
(RTTNews) - At 11:30 pm ET in the early Asian session, the Reserve Bank of Australia will announce its monetary policy decision on interest rates. The RBA is expected to hike its benchmark lending rate by 25 basis points, from 4.10 percent to 4.35 percent.
Ahead of the RBA rate decision, the Australian dollar showed mixed trading against its major rivals. While the aussie fell against the euro, the U.S. dollar and the yen, it held steady against the NZ dollar.
As of 11:25 pm ET, the Australian dollar was trading at 1.6410 against the euro, 0.6695 against the U.S. dollar, 95.53 against the yen and 1.0810 against the NZ dollar.
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Antipodean Currencies Traded Higher Amid Risk-on Mood
The antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets traded higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Monday.
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U.S. Dollar Rises Ahead Of Fed's Powell Speech
The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Friday.
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Yen Falls Amid BoJ Uncertainty
The Japanese yen weakened against other major currencies in the Asian session on Friday, as traders speculate uncertainty over the likely timing of the Bank of Japan's (BoJ) next rate hike.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Friday.
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Australian Dollar Falls Amid RBA Rate Cut Speculation
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated.
Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
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NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
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