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Australian Dollar Rises Ahead Of RBA Rate Decision
(RTTNews) - At 12:30 am ET in the Asian session on Tuesday, the Reserve Bank of Australia will announce its July monetary policy decision. The RBA is widely expected to raise its interest rate by 25 basis points to 4.35 percent.
Ahead of the announcement, the Australian dollar rose against its major rivals.
As of 12:25 am ET, the Australian dollar was trading 0.6684 against the U.S. dollar, 92.64 against the yen, 1.6313 against the euro and 1.0854 against the NZ dollar.
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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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20h 25minuter sedan
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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22h 1minuter sedan
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
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23h 57minuter sedan
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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1 dag sedan
Australian Dollar Falls Despite Upbeat Consumer Sentiment Data
The Australian dollar weakened against other major currencies in the Asian session on Tuesday, despite Australia's consumer confidence improving to a three-and-a-half year high in August as the central bank is expected to lower interest rates further after a third reduction this year.
Data from Westpac-Melbourne Institute showed that consumer sentiment index rose to 98.5 in August from 93.1 in July. The improvement followed a further reduction in interest rates by the Reserve Bank of Australia. With the latest 25 basis points cut, interest rates dropped by 75 basis points since the start of the year.
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1 dag sedan
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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1 dag sedan
Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the Asian session on Monday as Asian stock markets traded higher, amid expectations of the three-year-plus war between Russia and Ukraine ending soon, with U.S. President Donald Trump saying he and Russian President Putin discussed land transfers and security guarantees for Ukraine and had "largely agreed".
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Monday.
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2 dagar sedan
