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
EUR/USD extends losses for the fifth consecutive day and trades at 1.1520 at the time of writing on Thursday after a sharp reversal from levels near 1.1600 on Wednesday.
Nvidia Q3 Earnings Explode: $57B Smashes Wall Street, After-Hours Rally of 6% Slaps Down the "AI Bubble" Narrative! Short-term Volatility, Long-term Optimism At the latest GTC conference, Jensen Huang revealed that for the five quarters ending in 2026, the order backlog for Blackwell + Rubin has reached $500 billio
Short-term Volatility, Long-term Optimism At the latest GTC conference, Jensen Huang revealed that for the five quarters ending in 2026, the order backlog for Blackwell + Rubin has reached $500 billio
Could XRP Really Catch Ethereum? Analysts Revisit the Question as ETF Tailwinds BuildAs US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
As US spot XRP ETFs roll out and issuers like Canary Capital and Franklin Templeton step in, analysts say XRP’s market cap could climb on growing utility and ETF accumulation—but overtaking Ethereum’s $373 billion smart-contract powerhouse remains a long-shot, at least for now.
The price of Bitcoin dipped below $89,000, setting a new weekly low as corporate buyer Strategy remains bullish.
Gold Price Forecast: XAU/USD edges higher above $4,100 ahead of delayed US September NFP reportGold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
Gold price (XAU/USD) attracts some buyers to around $4,110 during the early Asian session on Thursday. The precious metal gains momentum amid the cautious mood and uncertainty over the US economy. Traders will closely monitor the US September Nonfarm Payrolls (NFP) later on Thursday.
