So Much News to Follow This Week
Hello, and welcome to the last week of August. We found the best news and collected the most impactful events for you to stay on the top of the market. Let’s go!
RBA Meeting
| Meetings of the Reserve Bank of Australia always have a strong impact on the Australian dollar. |
| Australian cash rate remains at the record low of 1.5%, while other central banks around the world are starting a tightening cycle. |
| The RBA Governor Lowe has recently hinted that it’s “more likely” that interest rates will “go up than down”. Never the less, Australian central bank seems in no hurry to introduce higher rates. According to Lowe, flexible national currency allows the RBA to maintain independence in timing rate hikes. |
| If the RBA doesn’t give more details about the future rate increases at the meeting on October 3, the AUD will likely suffer versus other currencies, especially the EUR, the CAD and the USD. If the RBA turns more optimistic and hawkish, demand for the AUD will increase pushing its exchange rate higher. |
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Inflation Is in Focus Again
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Fed’s Rate Pause and UK Inflation Slows
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
