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Key takeaways from todays RBA communique and what it means for the AUDUSD
Following last week's mega moves by central banks, the calendar this week allows central bankers to finetune some of those shifts, starting with a plethora of communique from the RBA this morning.
$200bn in collateral damage in one week. What comes next for the ASX200?
Heading into the release of last Friday's U.S inflation data, the market was hopeful that it would confirm that inflation had or was close to peaking. Thereby allowing central banks to ease their foot off the monetary tightening pedal.
RBA hike rates by a supersized 50bp and pile pressure on ASX200
At its monthly meeting this afternoon, the Reserve Bank Board surprised the market and raised its official cash rate by a supersized 50 bp from 0.35% to 0.85%.
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European Open: The RBA opt for a nifty 50, USD/JPY breaks 132
The RBA didn’t hold back and opted for a 50-bps hike at today’s meeting, which is a first since February 2000.
RBA Preview and what next for the AUDUSD?
At its monthly meeting next Tuesday, the 7th, the Reserve Bank Board is widely expected to raise the cash rate from its current setting of 0.35%.
AUDUSD bounces back on RBA minutes and China headlines
This morning saw the release of the RBA’s May meeting minutes. The market was hoping for clues on the likely size of next month’s rate hike, particularly after the bank caught all commentators on the wrong foot last month by raising rates by 25bp to 0.35%.
AUD/NZD technical breakout on RBA rate hike
The RBA’s surprise hike caught AUD/NZD traders with their guard down. As a result, the pair traded to its highest level since August 2018.
RBA rate hike review and what comes next for the AUDUSD
For the first time since November 2010, the RBA has raised interest rates today, from a record low of 0.1% to 0.35%.
Two masters and only one answer - RBA
In a preview earlier this week, we noted that a firm Q1 Australian inflation print would likely confirm the end of the era of ultra-low interest rates in Australia and the possibility of an interest rate hike as early as next week.
Surge in AU inflation heightens RBA rate hike expectations but is not a game changer for the AUDUSD
This morning's release of March quarter Australian inflation data smashed already elevated expectations. The stunning beat firms up the chances that the RBA will raise interest rates at its monthly board meeting next week for the first time since 2010.
AUDUSD screams higher on RBA loss of patience and higher commodities
The AUDUSD has surged to a 9-month high at .7639 (1.15%), following a more hawkish RBA meeting and a lift in the commodity complex overnight.
Asian Open: AUD/USD probes the October higher ahead of RBA
Whether RBA will surprise us with a vaguely interesting meeting today or not is yet to be seen, but the fact that the Aussie sits at a pivotal level should be noted.
ASX200 gets on the front foot ahead of tomorrow's RBA meeting minutes
While this week's focus will remain on the awful humanitarian news from the Russia-Ukraine war, markets will do their best to anticipate the path central banks will tread as they negotiate a treacherous mix of higher inflation and downside risks to growth.
ASX200 Afternoon Wrap
The market's dovish reassessment of the Federal Reserve's hiking cycle sparked by the Russian Ukraine War has flowed directly into the Australian equity market today. Although the ASX200 has retreated from its early 1.6% gain, the index is heading into the close, trading 48 points higher at 7097 (0.67%).
RBA Preview: ASX200 makes nervous gains
At its monthly Board meeting tomorrow, the RBA is widely expected to leave monetary policy on hold at a record low of 0.1%.
Asian Open: Wall Street rallies into month end, AUD/NZD firm pre-RBA
After 5-day of choppy yet sideways trading on Wall Street, momentum finally tipped its hand with a broad rally for US indices.
RBA to end QE and bring forward rate hike guidance: AUDUSD
The RBA meets next Tuesday, February 1st, for the first time in 2022. Employment and inflation data have beaten expectations by sufficient margin to encourage the bank to take its next shift to further policy normalization, earlier than anticipated at its last meeting in December.
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RBA meeting minutes - music to the ear of the ASX200
In a light week of economic data ahead of the holiday season, the RBA minutes from the December Board meeting were in focus this morning as traders scanned for clues around the future of the RBA's QE program ahead of its all important February 2022 meeting.
RBA shift boosts AUDUSD
As widely forecast, the RBA elected to keep interest rates on hold this afternoon at 0.1%. However, a subtle adjustment in the last paragraph appears to have eased its dovish forward guidance.
RBA preview and what comes next for the ASX200?
At its last scheduled monetary policy meeting for 2021, the RBA tomorrow will likely keep interest rates on hold at 0.1% and reiterate that interest rates are unlikely to rise until inflation is sustainably back within its target band.
SoMP Preview and what comes next for the ASX200
Wrapping up a massive week for antipodean markets, the RBA’s Quarterly Statement of Monetary Policy (SoMP) that contains the RBA’s key forecasts is released tomorrow.
European Open: RBA Begin to Tighten Policy (Just Not as Quickly as Hoped)
The Australian dollar was broadly weaker overnight as hawkish bets were underwhelmed with the RBA’s patient approach to policy tightening.
RBA instant reaction and what comes next for the AUDUSD
After implementing a series of five easing measures at its board meeting in November last year, the RBA has today taken another step towards normalising its emergency monetary policy settings.