News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Mixed
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Mixed
More View more
Real Time News
  • Australian Dollar Price Outlook: AUD/USD, AUD/JPY, AUD/NZD, AUD/CHF - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2021/04/20/Australian-Dollar-Price-Outlook-AUDUSD-AUDJPY-AUDNZD-AUDCHF.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $AUD $AUDNZD $AUDUSD $AUDJPY
  • $AUDUSD, Australian govt. bond yields rising after #RBA minutes They mentioned a 1st step to tapering 'is likely to occur end of June' when TFF is likely to end They also said they may consider extending it amid deterioration in financial system, but signs are currently missing https://t.co/ROgYfwKOub
  • Looking for a new way to trade reversals? One of the most used reversal candle patterns is known as the Harami. Like most candlestick formation patterns, the Harami tells a story about sentiment in the market. Get better with trading reversals here: https://t.co/rfwUWJfbz9 https://t.co/oeIXNNpty3
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.71% Silver: 0.07% Gold: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/fajhiQvAjU
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.32% 🇨🇦CAD: 0.18% 🇳🇿NZD: 0.17% 🇬🇧GBP: 0.05% 🇨🇭CHF: -0.06% 🇯🇵JPY: -0.10% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LvVkeZyHsI
  • China's Xi: Will continue to cut negative list for inbound FDI -BBG
  • China's Xi: China will promote new type of international relations, will do more to help developing nations defeat Covid-19 -BBG
  • China's President Xi Jinping: Must uphold multilateral trading system with #WTO at core, pandemic makes clear must reject Cold War zero sum thinking -BBG
  • RBA Minutes: Monitoring housing borrowing, lending standards carefully. Data, CPI outlook will decide shift of YCC target to November-24 -BBG
  • Please join us at 11:00 PM EST/3:00 GMT for a webinar where you can prepare to trade AUD/USD in the week ahead. Register here: https://t.co/HEJ7X8ORFh https://t.co/MlJGSo4A3m
Aussie Dollar Gains as RBA Keeps Policy Stance Unchanged

Aussie Dollar Gains as RBA Keeps Policy Stance Unchanged

Varun Jaitly,

Talking Points:

  • The Australian Dollar advanced after the RBA kept the cash rate unchanged at 1.5 percent
  • The currency rose with bond yields, hinting traders saw a hawkish lean in RBA rhetoric
  • Inflation seen above 2 percent this year, Aussie gains may complicate economic adjustment

Check out our analysts 1Q 2017 Australian Dollar forecasts on the DailyFX Trading Guides page.

The Australian Dollar rose to a session high following the Reserve Bank of Australia’s decision to maintain its headline interest rate at 1.5 percent. The decision to hold rates was widely expected. In its policy statement, the RBA repeated the expectation that current policy will deliver sustainable growth a return to the inflation target over time, which traders seemed to interpret as relatively hawkish. Indeed, the currency rose alongside local bond yields.

In its assessment of domestic economic conditions, the central bank said that its price growth outlook is largely unchanged, noting that while inflation remains “quite low” the headline rate is seen surpassing 2 percent in 2017. On the labor market front, officials seemed broadly upbeat despite considerable regional variations. As for external demand, the Bank said higher commodity prices have been helpful but a stronger Aussie would complicate needed adjustments from the mining investment boom.

From here, additional details may be on offer in a speech from RBA Governor Philip Lowe tomorrow at 09:00 GMT as well as the central bank’s statement on monetary policy at 00:30 GMT on Friday.

Aussie Dollar Gains as RBA Keeps Policy Stance Unchanged

Chart compiled using Trading View

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES