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Australian Dollar edges up, RBA hawkish hold does little to revive rate hike expectations
The Australian Dollar (AUD) attracts bids against its major currency peers after the Reserve Bank of Australia’s (RBA) monetary policy decision, but is still trading marginally lower at around 0.7050 against the US Dollar (USD) during the European trading session on Tuesday.
Canadian Dollar remains near two-month highs against US Dollar as Oil prices rise
USD/CAD trades around 1.3935 on Tuesday at the time of writing, virtually unchanged on the day with a modest 0.03% decline.
Germany 5-y Note Auction rose from previous 2.89%Â to 2.93%
Germany 5-y Note Auction rose from previous 2.89%Â to 2.93%
Federal Reserve: Dovish repricing on data and inflation focus – BNY
John Velis at BNY Markets reiterates that he expects no Federal Reserve rate hikes this year, even as risks remain skewed to the upside.
South Africa Unemployment Total climbed from previous 8.137M to 8.481M in 2Q
South Africa Unemployment Total climbed from previous 8.137M to 8.481M in 2Q
South Africa Unemployment Rate (%): 33.6% (2Q) vs 32.7%
South Africa Unemployment Rate (%): 33.6% (2Q) vs 32.7%
British Pound sits near one-week top, above 215.00 vs weak Yen ahead of UK GDP
The GBP/JPY cross recovers a modest intraday dip and climbs above the 215.00 psychological mark during the first half of the European session on Tuesday.
Japanese Yen: Yield outlook fails to lift Yen – Societe Generale
Societe Generale strategists note the Japanese Yen (JPY) remains the main G10 laggard despite higher domestic yields and Bank of Japan (BoJ) tightening.
Spain 9-Month Letras Auction declined to 2.605% from previous 2.623%
Spain 9-Month Letras Auction declined to 2.605% from previous 2.623%
Spain 3-Month Letras Auction up to 2.387% from previous 2.366%
Spain 3-Month Letras Auction up to 2.387% from previous 2.366%
EUR/GBP Price Forecast: Under growing bearish pressure below 0.8550
The Euro (EUR) extends losses for the second consecutive day against the British Pound (GBP) on Tuesday, weighed by a cautious market mood as hopes of a swift end to Iran’s war wane and Oil prices climb. The EUR USD pair remains capped below 0.8550 after hitting two-week lows at 0.8536 on Monday.
Australian Dollar : Hawkish hold keeps risks alive – TD Securities
TD Securities’ Prashant Newnaha and Alex Loo note that the Reserve Bank of Australia left the cash rate at 4.35% in a unanimous decision, with the Statement and updated forecasts sounding less hawkish than expected.
Hungarian Forint: Near-term gains against Euro before renewed pressure - Commerzbank
Commerzbank’s Tatha Ghose describes recent Forint weakness as a high-beta correction that only partly erases post-election outperformance.