When is the RBA Interest Rate Decision and how could it affect AUD/USD? – by anilpanchal7 RBA AUDUSD Events RiskAppetite CentralBanks
of around 03:30 AM GMT on Tuesday.
Given the recently mixed statements in the RBA minutes and a contrasting play between inflation and wage numbers, not to forget the talks of policy pivot, the AUD/USD traders will be more interested in hearing about the end of the rate hike trajectory, making this event crucial.A 25bp hike is an overwhelming consensus. The focus will be on any changes to last month’s statement that ‘the Board expects that further increases in interest rates will be needed over the months ahead’.
Should the RBA shows readiness to pause the rate hike trajectory from the next meeting, the AUD/USD may have a further downside to trace. However, the need for more rate lift could allow the quote to extend the latest rebound. RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view of the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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