RBA Considers Downside Risks to Employment, Holds Rates
===============
#c0f71ab7 ver:0.98
The Reserve Bank of Australia (RBA) considers downside risks to employment and holds rates steady, but UBS predicts a possible rate hike in August due to inflation surprises. The Australian Dollar (AUD) strengthens against the US Dollar (USD) as the Fed takes a dovish stance. The RBA's decision to hike rates will depend on CPI data, retail sales, and labor data. The AUD/USD pair maintains buyer interest above the 20-day SMA. The RBA's decisions impact the AUD, along with the Chinese economy, inflation, growth rate, and trade balance. The AUD/USD outlook suggests a range-bound quarter with low volatility. The interest rate differential between the Fed and RBA influences the AUD. Commodity prices and precious metals may support the AUD, but the range is unlikely to change significantly without a shift in interest rate differentials. The RBA's Meeting Minutes may provide further clues on rate hikes. A rate hike could lead to a recession and impact household spending. #RBA #AUD #interestrates #inflation #economicoutlook...
#newstr #Rba #InterestRates #Inflation #LaborMarket
https://here.news/story/c0f71ab7?ver=0.98
Stock markets mixed as rate-cut concerns persist /
npub1xd…wvrwk
2024-07-02 02:00:21
Author Public Key
npub1xdpvcjt9v637ca62ald7g88qjfm85p2u0ncu09m3t4fa7xv6l6qqtwvrwkPublished at
2024-07-02 02:00:21Event JSON
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"content": "RBA Considers Downside Risks to Employment, Holds Rates\n===============\t\n#c0f71ab7 ver:0.98\n\nThe Reserve Bank of Australia (RBA) considers downside risks to employment and holds rates steady, but UBS predicts a possible rate hike in August due to inflation surprises. The Australian Dollar (AUD) strengthens against the US Dollar (USD) as the Fed takes a dovish stance. The RBA's decision to hike rates will depend on CPI data, retail sales, and labor data. The AUD/USD pair maintains buyer interest above the 20-day SMA. The RBA's decisions impact the AUD, along with the Chinese economy, inflation, growth rate, and trade balance. The AUD/USD outlook suggests a range-bound quarter with low volatility. The interest rate differential between the Fed and RBA influences the AUD. Commodity prices and precious metals may support the AUD, but the range is unlikely to change significantly without a shift in interest rate differentials. The RBA's Meeting Minutes may provide further clues on rate hikes. A rate hike could lead to a recession and impact household spending. #RBA #AUD #interestrates #inflation #economicoutlook...\n\n#newstr #Rba #InterestRates #Inflation #LaborMarket \n\n https://here.news/story/c0f71ab7?ver=0.98",
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