With the Australian economy performing relatively well compared to others and inflation rising to its highest in 21 years, the Reserve Bank of Australia (RBA) is all but certain to hike interest rates when it meets on Tuesday, with the decision scheduled to be announced at 04:30 GMT. That said, the big questions on investors’ […]
The post Will Another 50bps Hike by the RBA Lift the Aussie? appeared first on Action Forex.
Daily Pivots: (S1) 0.8877; (P) 0.8918; (R1) 0.8983; More… Intraday bias in USD/CHF is turned neutral first with current dip and some consolidations could be seen first. But outlook will will stay bullish as long Read more…
Dollar traded broadly lower in Asian session as markets reacted to President-elect Donald Trump’s appointment of Scott Bessent, a seasoned fund manager, as Treasury Secretary. Bessent’s stance aligns with Trump’s policies on tariffs, though his Read more…
New Zealand’s goods exports increased by 7.5% yoy in October, reaching NZD 5.8B, while total goods imports rose by 3.0% yoy to NZD 7.3B. This resulted in a trade deficit of NZD -1.54B, which, although Read more…