Logo-color Logo-white

Australian Dollar declines broadly today, as markets brace for the upcoming RBA rate decision. With the cash rate expected to hold steady at 4.35%, speculation is rife about RBA’s future monetary policy direction. Although the central bank maintains an open stance on rate adjustments, indicating that hikes are still possible, market consensus suggests that further […]

The post Aussie Weakens as Market Eyes Upcoming RBA Rate Decision appeared first on Action Forex.

previous

Euro Finds Stability, Markets Anticipates Turbulent Week Ahead

next

Yen Recovers as BoJ’s Ueda Reiterates July Hike Possibility, But Gains Capped by Uncertainty

Read More

Dollar Strengthens as DOW Plunges; Yen Struggles to Extend Rally
19/07/2024

Dollar Strengthens as DOW Plunges; Yen Struggles to Extend Rally

Dollar rebounded broadly overnight following steep 500+ point selloff in DOW. Some analysts cited rotation away from big tech as the cause, but the decline was broad-based. Profit-taking could be a more likely factor after recent record runs, as traders and Fed policymakers await more data to determine the number of rate cuts needed this […]
Dollar Falters on Soft PCE Inflation Data, Sterling Rises on Retail Sales
22/12/2023

Dollar Falters on Soft PCE Inflation Data, Sterling Rises on Retail Sales

Fresh selloff is seen in Dollar in early US session after lower than expected headline and core PCE inflation readings. While another month of progress might still be insufficient to prompt Fed for an early rate cut, at least, things are heading in the right direction. The greenback is set to end as the worst […]
Dollar Continues to Slide as FOMC Minutes Confirm September Rate Cut Likely
22/08/2024

Dollar Continues to Slide as FOMC Minutes Confirm September Rate Cut Likely

Dollar extended its broad decline overnight following release of FOMC minutes, which confirmed that a vast majority of Fed members see a rate cut in September as appropriate. However, the market reaction was relatively muted, as this outcome has already been largely priced in by traders. The real uncertainty centers on the size of the […]