We now expect the RBA to delay its pause to October with a 25bp increase in September to follow on from our 50bp hike forecast for August. By moving the forecast rate hike in December forward to September we have not changed our terminal rate forecast of 2.6%. We have reconfigured our RBA cash rate […]
The post RBA 50bp Hike Confirmed for August with No Scope for September Pause appeared first on Action Forex.
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…