The RBA’s monetary policy decision and statement is due at 2.30pm Sydney time, which is 0430 GMT and 0030 EST. Analysts are almost evenly divided on whether a +25bps rate hike or a pending decision. The market rate is well below the 50% probability of a rate hike. There are previews at the points above. Australian dollar / US dollar
Australian dollar / US dollar
The AUD/USD currency pair is the currency pair that includes the Australian dollar from the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, symbol USD). The price of the pair indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, it means that 1 Australian dollar is equal to 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar
The AUD/USD currency pair is the currency pair that includes the Australian dollar from the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, symbol USD). The price of the pair indicates how many US dollars are needed to buy one Australian dollar. For example, when AUD/USD is trading at 0.7500, it means that 1 Australian dollar is equal to 0.75 US dollars. The Australian dollar (AUD) is the fifth most traded currency in the world, while the US dollar
Read this term Somewhat unchanged for the session I’m posting to.
On the data agenda, we ran the New Zealand Quarterly Survey of Business Opinion (QSBO) from the New Zealand Institute for Economic Research (NZIER). This showed some improvement, with business confidence rising only marginally. Cost pressures persist. NZD/USD is not a net change in the session.
The People’s Bank of China set the USD/CNY reference rate much stronger for the CNY than expected again today. The Bank seems intent on capping the recent rapid rally in USD/CNY for the time being.
From Japan today we have verbal intervention comments with Kanda, Vice Minister of Finance for International Affairs and his boss, Finance Minister Suzuki, saying that Japanese authorities are in close contact with the US on FX rates. The effect of the yen was only slight. US dollar / Japanese yen
US dollar / Japanese yen
The USD/JPY pair is the currency pair that includes the United States dollar (symbol $, symbol USD), and Japan’s Japanese yen (symbol ¥, symbol JPY). The price of the pair indicates how many Japanese yen are needed to buy 1 US dollar. For example, when the USD/JPY pair is trading at 100.00, this means that 1 US dollar is equivalent to 100 JPY. The US dollar (USD) is the most traded currency in the world, while the Japanese yen is the third most traded currency in the world, resulting in
The USD/JPY pair is the currency pair that includes the United States dollar (symbol $, symbol USD), and Japan’s Japanese yen (symbol ¥, symbol JPY). The price of the pair indicates how many Japanese yen are needed to buy 1 US dollar. For example, when the USD/JPY pair is trading at 100.00, this means that 1 US dollar is equivalent to 100 JPY. The US dollar (USD) is the most traded currency in the world, while the Japanese yen is the third most traded currency in the world, resulting in
Read this term It fell briefly below 144.45 and returned above 144.50 during the update.
More broadly, the major forex markets traded in limited ranges during the session. The upcoming American holiday today has exhausted interest.
