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
Bitcoin price rebounds above $70,000; Cathie Wood calls a "potential bottom" again, but the reality may differ.On Monday (February 9), Bitcoin ( BTC) price momentum has stalled, fluctuati
TradingKey - Spot Silver ( XAGUSD) prices have continued to decline; on Thursday, silver plummeted as much as 20% to break below $71 per ounce, and on Friday the sell-off intensified as prices fell fu
Bitcoin is trading around $63,000, down nearly 40% from its peak near $126,000Wall Street desks are no longer talking about upside dreams. The talk right now is how far Bitcoin charts could fall if selling keeps piling up. According to data from TradingView, Bitcoin’s price now sits at a shocking $63,500, after falling from $70,000 just this morning, losing $13,000 in 6 days, and staying far below […]
Wall Street desks are no longer talking about upside dreams. The talk right now is how far Bitcoin charts could fall if selling keeps piling up. According to data from TradingView, Bitcoin’s price now sits at a shocking $63,500, after falling from $70,000 just this morning, losing $13,000 in 6 days, and staying far below […]
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.85 during the Asian trading hours on Friday. The WTI price declines after the United States (US) and Iran agreed to hold talks in Oman on Friday.
Bitcoin plunges 11% to break $65k as analysts term the crash "structural," citing a $1 trillion market wipeout and $2.09 billion in daily liquidations.
Related Instrument
