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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Traders utilize varying time frames to speculate in the forex market. The two most common are long- and short-term-time frames which transmits through to trend and trigger charts. Learn more about time-frame analysis here:
  • German SPD's Scholz claims election victory, adds that a coalition agreement is possible between SPD, Greens and FDP $EUR
  • Oil Watch "SPR could release 33 to 82.5mln barrels of crude oil in series of auctions, but it is unlikely to have a material impact on crude markets given China's 10mbpd import and 14mbpd consumption" - Wood Mackenzie
  • Take a closer look visually at the most influential global importers and exporters here:
  • Heads Up:🇯🇵 BoJ Gov Kuroda Speech due at 05:35 GMT (15min)
  • 🇯🇵 Leading Economic Index Final (JUL) Actual: 104.1 Previous: 104.2
  • Crude Oil Prices Hit 2-Month High on Supply Squeeze, 2021 Top Eyed - #OOTT #crudeoil
  • 🇯🇵 Leading Economic Index Final (JUL) Actual: 104.1 Previous: 104.6
  • 🇯🇵 Coincident Index Final (JUL) Actual: 94.4 Previous: 94.6
  • Heads Up:🇯🇵 Coincident Index Final (JUL) due at 05:00 GMT (15min) Previous: 94.6
AUD/USD Skids, RBA Lowe Underplays Foreign Rate Influences

AUD/USD Skids, RBA Lowe Underplays Foreign Rate Influences

David Cottle, Analyst

Talking Points:

  • AUD/USD slipped in the Asia/Pacific afternoon
  • Its fall came after RBA Governor Lowe spoke in Perth
  • His speech had little new to offer but he did question the link between overseas interest rates and Australia’s

What have some traders got that all wish they have? Check out DailyFX’s long look at the Traits Of Successful Traders

The Australian Dollar was lower against its US cousin Thursday following a speech from Reserve Bank of Australia Governor Philip Lowe.

Speaking in Perth, Western Australia, Lowe stuck mainly to a precis of post-crisis economics, both globally and in Australia, in a speech which didn’t obviously offer very much for either Aussie dollar bulls or bears. However, the phrase which seems to have done the damage came when Lowe hinted that interest rate rises elsewhere in the world had no “automatic implications” for Australian monetary policy. He also said that higher global rates would in time probably filter through to Australia, but this caveat seemed to have been either lost on traders or ignored.

AUD/USD slipped below the psychologically important 0.80 level following his remarks.

AUD/USD Skids, RBA Lowe Underplays Foreign Rate Influences

However the currency remains very well supported more broadly, having retreated very little from this week’s new 2017 peak, which is also the highest point in more than two years.

AUD/USD Skids, RBA Lowe Underplays Foreign Rate Influences

The RBA has in the recent past been scrupulous in airing its worries about the effects of a too-strong Aussie Dollar. However that rhetoric has been toned down more recently still, possibly in recognition of the fact that the “USD” side of AUD/USD has been very much in the driving seat, and that RBA influence over the pair while that remains the case is necessarily limited.

Away from the Australian Dollar, Lowe reportedly responded to questioning by calling cryptocurrencies "very much a speculative play" with no immediate monetary policy implications.

--- Written by David Cottle, DailyFX Research

Contact and follow David on Twitter:@DavidCottleFX

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