
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The Reserve Bank of Australia will release the cash rate and make a rate statement on March 1, at 05:30 MT time. This release influences the AUD movement and all pairs that include this currency. The cash rate is charged on overnight loans between financial intermediaries. It’s the key instrument of the central bank’s monetary policy. The Reserve Bank of Australia reviews the cash rate on the first Tuesday of the month, except January.
Since November 2020, the cash rate has been steady at 0.1% and hasn’t done any surprising movements, as experts expected. Therefore, we most likely shouldn’t expect any hawkish changes in the Australian interest rate. Moreover, this month the continent had no bad news that could influence the rate crucially.
On February 1, 2022, due to the persistency of the Australian interest rate, the last release positively impacted AUD. After the release, the AUD/USD pair boosted approximately by 1130 points.
If the actual rate is higher than forecasted, it’s better for the currency.
As we can see from the latest releases, the currency shows a positive tendency, even if the rate is stable. However, at the same time, we’re waiting for statement that can bring some unpredictable policy of the cash rate.
Check Economic Calendar.
Instruments to trade: AUD/USD, AUD/CHF, AUD/NZD, AUD/JPY
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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