Tag: Reserve Bank of Australia
Australian Dollar Strengthens as RBA’s Dovish Stance Caps Gains
The Australian Dollar has shown signs of recovery against the US Dollar after disappointing US jobs data caused a sharp drop in the USD. However, the economic weaknesses in Australia and the increasing expectations...
Australian Dollar Strengthens after Positive PPI Data
The Australian Dollar showed strength against the US Dollar after positive Producer Price Index (PPI) data was released. The PPI in Australia rose by 4.8% Year-on-Year in the second quarter, surpassing the previous quarter’s...
RBA Keeps Cash Rate Unchanged at 4.35% | Forexlive Analysis
The Reserve Bank of Australia (RBA) has decided to keep the cash rate unchanged at 4.35%. This decision comes as inflation has decreased significantly since its peak in 2022. Additionally, there has been a...
Australian Dollar weakens ahead of RBA decision
The Australian Dollar (AUD) weakened against the US Dollar (USD) as markets anticipated the Reserve Bank of Australia's (RBA) decision next week. Despite strong labor market data from Australia earlier in the week, the...