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Australian Dollar: RBA hike reinforces hawkish stance – Deutsche Bank
Deutsche Bank’s macro strategy team notes that the Reserve Bank of Australia raised its cash rate by 25 basis points to 4.60%, in line with expectations. The RBA signalled that inflation remains too high and left the door open to further tightening if needed.
Australian Dollar: RBA’s hawkish hike caps upside – Commerzbank
Commerzbank’s Volkmar Baur reports that the Reserve Bank of Australia raised its cash rate by 25 bps to 4.6%, the highest level in about 15 years, and struck a notably hawkish tone.
Australian Dollar dips to fresh lows sub-0.7000 despite hawkish RBA Bullock
The Australian Dollar (AUD) extends losses against the US Dollar (USD) on Tuesday, despite the Reserve Bank of Australia’s (RBA) interest rate hike and Governor Bullock's comments hinting at further monetary tightening ahead.
USD/JPY Price Forecast: Tests nine-day EMA support after falling below 157.50
USD/JPY loses ground after posting minor gains the previous day, trading around 157.30 during the Asian hours on Tuesday. The currency pair is remaining within a symmetrical triangle, which indicates a period of market consolidation, where neither buyers nor sellers are in control.
GBP/USD Price Forecast: Fresh downside leg likely below 1.3200
The British Pound (GBP) is down 0.15% at around 1.3234 against the US Dollar (USD) during the early European trading session on Tuesday.
Japan Coincident Index remains unchanged at 120.6 in July
Japan Coincident Index remains unchanged at 120.6 in July
Japan Leading Economic Index below forecasts (117.9) in July: Actual (117.7)
Japan Leading Economic Index below forecasts (117.9) in July: Actual (117.7)
Indian Rupee claws back early losses and closes flat on Tuesday
The Indian Rupee (INR) recovers its early losess after sliding to a fresh two-month low against the US Dollar (USD) and closed flat on Tuesday. The USD/INR pair closes flat at around 95.98 after rectreating from the day's high of 96.13.
Indonesian Rupiah holds ground despite inflation, oil risks
USD/IDR inches lower after opening at a bullish gap, trading around 18,050 during the Asian hours on Tuesday. However, the pair could rebound as the Indonesian Rupiah (IDR) faces headwinds stemming from broader economic pressures.
WTI Price Forecast: Eyes $93.00 as bulls retain control above 200-SMA support on H4
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – attracts fresh buyers following the previous day's good two-way price swings and climbs to the $93.00 neighborhood during the Asian session on Tuesday.
EUR/USD Price Forecast: Softens to near 1.1350 as bearish bias holds below key averages
The EUR/USD pair trades in negative territory around 1.1360 during the early European session on Tuesday. The Euro (EUR) weakens to its lowest since July 28 against the US Dollar (USD), pressured by surging US Treasury bond yields and hawkish signals from the Federal Reserve (Fed) officials.
Australia’s Treasurer Chalmers: Today’s rate rise was widely expected
Australian Treasurer Jim Chalmers said on Tuesday that the latest interest rate hike was widely expected and anticipated, and that doesn’t make it any easier for people, Reuters reported.
Australian Dollar retakes 1.2400 vs New Zealand Dollar after RBA's 25 bps rate hike
The AUD/NZD cross reverses a modest Asian session dip to the 1.2360 area and jumps to a three-day high after the Reserve Bank of Australia (RBA) announced its policy decision.