What will happen? Reserve Bank of Australia will announce the interest rate at 07:30 (GMT+3) on Tuesday, September 7…
RBA meeting will set the way for AUD/USD
|The Australian dollar has suffered a lot since the end of January 2018. Recently AUD/USD fell to the lowest levels since June 2017. However, the Reserve Bank of Australian does not want the Australian dollar to strengthen because it would threaten the nation’s economic growth. As a result, the central bank keeps its interest rate at the record low of 1.5%.|
According to the RBA governor Philip Lowe, the “Australian dollar has depreciated a little recently, but on a trade-weighted basis remains within the range that it has been in over the past two years. An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.”
The Reserve Bank of Australia will release its rate statement at 7:30 MT time on June 5. Although there are no doubts that the RBA won’t increase the interest rate at this meeting, it’s still worth reading the central bank’s statement. There will be an outlook on current economic conditions and clues on the future monetary policy. The dynamics of the AUD will depend on the tone of the RBA.
• Dovish RBA – weak Australian dollar;
• Hawkish RBA – strong Australian dollar.
The Kansas City Federal Reserve announced Friday the annual Jackson Hole symposium will be held virtually, a reversal from prior plans that saw a modified, in-person program…
Australia will release the employment change and unemployment rate on August 19, at 04:30 MetaTrader time (GMT+3).
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.