The AUD/USD price tilted higher on Tuesday morning as the market reflected on the latest interest rate decision by the Reserve Bank of Australia (RBA).
The Reserve Bank of Australia (RBA) interest rate decision may produce headwinds for AUD/USD as the central bank is widely expected to retain the current policy.
The AUD/USD pair crashed to the lowest level since July 2020 as investors wait for the upcoming interest rate decision by the Reserve Bank of Australia (RBA).
Tomorrow brings NFP out of the United States and this print can create some volatility across global markets as the focus is now on the FOMC after Powell's comments this week.
The Turkish lira is weaker than ever before. Still, President Recep Erdogan sticks to his questionable interest rate policy. But now the central bank intervened on the foreign exchange market.
The Turkish lira is weaker than ever before. Still, the president sticks to his questionable interest rate policy. But now, the central bank has intervened on the foreign exchange market.
EUR/USD looks calmer before Friday’s US employment data but remains susceptible to near term volatility around Omicron and shifts in interest rate timelines
The recent sell-off of the USD/JPY currency pair pushed it towards the 112.53 support level, its lowest in more than a month, but it settled around the 113.55 level after the dollar’s gains from Jerome Powell’s warning that the interest rate hike may come sooner than expected.
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