Inflation Risks Return To The Markets
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
Will the AUD rise on a steady rate?
RBA will announce its interest rate on Tuesday at 07:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
On March 19, the interest rate of Australia was reduced to 0.25%. Since then, it was kept steady. The Reserve Bank of Australia informed that there will be no intention to increase the rate until there is full employment, a 2-3% inflation rate, and other indications that the economy is recovering. That means the rate will be kept steady in the nearest future as the virus fallout has just started to be visible. Although certain economic improvements are reported in Australia, the prevailing expectation is that this quarter will bring a severe contraction in the economy and the jobless rates will surge. Hence, we will look at the tone of the RBA press conference to gather details of the outlook for the AUD.
- If the bank’s tone is hawkish, the AUD will rise.
- If the bank’s tone is dovish, the AUD will fall.
Similar
ECB Key Rate is in Focus
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
What Will the Fed Decide?
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Latest news
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%.
GBPUSD May Strengthen Resulting the Fed and The BOE Meetings
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
Four Banks Fight Against Inflation
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
