AUD/USD remains stable, awaiting the announcement of the RBA's interest rate.

Create at 8 months ago (Mar 18, 2024 18:12)

According to Bloomberg data, the Reserve Bank of Australia is expected to maintain the interest rate at 4.35% in its meeting this Tuesday. This expectation stems from recent statements by RBA Governor Michelle Bullock emphasizing that most of Australia's inflationary pressures are coming from domestic sources, particularly due to a robust labor market and wage increases.

 

The US Dollar Index (DXY) and US Treasury yields have risen, driven by expectations that the Fed will maintain interest rates at its meeting on Wednesday to curb inflation as announced in its recent statement.

 

Investors are still awaiting decisions on interest rates from the People's Bank of China (PBoC). China's retail sales increased by 5.5% in February, exceeding expectations of 5.2%. Industrial production in China also rose by 7.0%, compared to market expectations of 5.0%, indicating positive signs for the Chinese economy.

 

Source: Fxstreet
 
AUD/USD news today

Overview
Today last price 0.6572
Today Daily Change 0.0011
Today Daily Change % 0.17
Today daily open 0.6561
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