Aussie likely to suffer if the RBA gives any indication of an imminent rate cut – Commerzbank
Source Fxstreet
Australian inflation figures for the fourth quarter will be released on Wednesday, January 31 at 00:30 GMT. Economists at Commerzbank analyze Aussie’s outlook ahead of the data.
RBA is unlikely to give the all-clear just yet
If the economists surveyed by Bloomberg are correct, the quarterly increase should be lower than in the third quarter but about the same as in the second quarter, i.e. the level we saw six months ago before inflation picked up again. With a quarterly change of 0.8%, the RBA is unlikely to give the all-clear just yet.
Unless inflation falls much more than expected, the RBA is unlikely to give any indication of an imminent rate cut at next week's meeting. If it does, it is likely to be one of the more dovish central banks and the Aussie is likely to suffer as a result.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
On Sunday (April 13), Trump announced following the breakdown of U.S.-Iran negotiations that the U.S. Navy would impose a maritime blockade on Iranian ports starting Monday.Following the
U.S.-Iran Standoff in the Strait of Hormuz. Iranian-Controlled Strait Has Not Resumed Passage; Why Does Trump Still Want a Military Blockade?Following the failure of U.S.-Iran peace talks, President Trump announced on Sunday that the U.S. Navy will immediately blockade the Strait of Hormuz and prevent any vessels that have pai
Following the failure of U.S.-Iran peace talks, President Trump announced on Sunday that the U.S. Navy will immediately blockade the Strait of Hormuz and prevent any vessels that have pai
West Texas Intermediate (WTI) – the US oil benchmark – has opened the week with a bullish gap, climbing roughly 8%, looking to retarget the $100 threshold.
On April 8, spot gold ( XAUUSD) at one point surged past $4,800 per ounce, hitting a peak of $4,857; however, it fell back to $4,698 on April 9, wiping out all gains in just 48 hours. Thi
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a mild positive bias during the Asian session on Friday, though it lacks bullish conviction amid hopes of Iran ceasefire stabilizing.
Related Instrument
