Will the BOC strengthen the CAD even more?
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
Will the AUD retest its recent highs?
The Reserve Bank of Australia will post a rate statement, which contains an update on the interest rate on October 6, at 6:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY
The Reserve Bank of Australia is expected to keep the interest rate at 0.25%. However, the current "wait and see" attitude of the RBA may be interrupted soon, according to Westpac. One of the leading analytical agencies has changed its forecasts and now projects a rate cut by 15 basis points during November's meeting. Thus, it is highly recommended to monitor the statement for the potential dovish hints. The combination of a stronger dollar and bearish forecasts have already pulled AUD/USD from its highest level since December 2018. Will we see further falls?
- If the RBA keeps its attitude unchanged, the AUD will strengthen;
- If the RBA is dovish, the AUD will weaken.
Similar
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
How will the jobs data affect the AUD?
The Australian jobs data is announced on Thursday at 03:30 MT time.
Latest news
EUR dropped as Covid-19 engulfed Europe
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Is the Canadian economy recovering?
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The ECB is going to move the euro
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.
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