When is the RBA Interest Rate Decision and how could it affect AUD/USD? – by anilpanchal7 RBA AUDUSD Events RiskAppetite CentralBanks
The RBA is expected to slow down on the rate hike trajectory by lifting the benchmark interest rate by 25 basis points to 3.10%, mainly to fight inflation and match the tune with other major central banks. Given the recently dovish remarks by the RBA officials, the AUD/USD traders will be more interested in hearing about the end of the rate hike trajectory.The RBA, in responding to a significant inflation challenge and the tightest labor market in 50 years, has quickly raised interest rates.
That said, a 0.25% rate hike appears already priced in and may offer a knee-jerk reaction, which in turn highlights the pace of bond purchase and the signal for the RBA’s next rate increase as the key catalysts. Technically, a clear downside break of the five-week-old bullish channel keeps AUD/USD bears hopeful unless the quote rises back beyond 0.6760.About the RBA interest rate decision
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