AUDUSD
Aussie jobs big miss on Employment Change, slight improvement on the Unemployment Rate
Australia’s April labour force survey has been released and has shown a big miss on the Employment Change to the downside but an improvement on the Unemployment Rate. The data arrived as follows: Employment Change arrived as -30.6K against the expected 20K, prior 70.7K. The Unemployment Rate arrived at 5.5% against the expected 5.6%, prior 5.6%. Full-Time Employment Change came …
AUD/USD Price Forecast – Australian Dollar Trying to Break Out
The Australian dollar has gone back and forth during the course of the trading session on Friday as we continue to stare down the idea of breaking above the 0.78 handle. If we can break above there, then it opens up the possibility of a move towards the 0.80 level, which is a very strong …
Aussie jobs data better than expected, but the caveat is …
The Australian March employment data has been released as follows: Australia March Employment +5.9k s/adj (Reuters poll: -40.0k). Australia March Unemployment rate +5.2 pct, s/adj (Reuters poll: +5.5). Australia March Full-time Employment -0.4k s/adj. Australia March Participation Rate +66.0 pct, s/adj (Reuters poll: +65.9 pct). The caveat is … This data was better than expected, but remember, …
RBA cuts Official Cash Rate by 25 bps to 0.25%, AUD/USD bounces
At its emergency March monetary policy meeting held on Thursday, the Reserve Bank of Australia (RBA) cut its official cash rate (OCR) by 25bps to a record low of 0.25%, as widely expected. The Australian central bank announces a term funding facility for the banking system, with particular support for credit to small and medium-sized …
USD surges on funding stress, AUD/USD breaks 0.60, EUR/USD nears 1.10, GBP/USD 1.21
The demand for dollar is surging amid a global sell-off of stocks related to the coronavirus crisis. There is growing fear of over USD shortage. EUR/USD is trading near 1.10, close to the monthly lows. GBP/USD has extended its slump, flirting with 1.21, the lowest since September. AUD/USD is around 0.60, a level that was …
RBA Lowe says economy still passing through “gentle turning point” for the better
Reserve Bank of Australia’s Governor Philip Lowe is speaking on “The Year Ahead” at the National Press Club, Sydney today. Markets are looking for further clarification since the RBS’s rate decision yesterday and surprise optimism about the economic outlook which lifted AUD crosses through stops, triggering a huge bid in the Aussie. Lowe said on Wednesday that …
RBA cut interest rates, AUD/USD drops
The Reserve Bank of Australia has reduced the Cash Rate from 1.25% to 1.00% as expected. The RBA has decided to ease monetary policy to support the fostering of employment and to bring inflation to target. The Canberra-based institution sees underlying inflation at 2% in 2020 and expects headline inflation to have risen in the …
