Reserve Bank of Australia (RBA) news

The Reserve Bank of Australia (RBA) is Australia's central bank. Its primary responsibility is to maintain monetary and financial system stability. The RBA uses various monetary policy tools to influence economic conditions and contribute to sustainable economic growth and full employment in Australia.

AUD/USD: “Trump Trade” overshadowed a cautiously hawkish RBA, at risk of further downside

US President-elect Trump's proposed policies may trigger a further upside movement on longer-term US Treasury yields. A break above the 4.49% on the US Treasury yield may see a further potential rally towards 5.20%. A further reduction of the 2-year and 10-year yield spread between the Australian government sovereign bonds and US Treasuries may put further downside pressure on the AUD/USD.

08-11-2024 05:55 GMT by Kelvin Wong

Australian dollar jumps on hawkish RBA

The Australian dollar has posted strong gains on Tuesday. In the European session, AUD/USD is trading at 0.6624, up 0.59% on the day. RBA holds rates, stays hawkish Nobody should have been surprised that the Reserve Bank of Australia maintained interest rates on Tuesday.

05-11-2024 07:53 GMT by Kenneth Fisher