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Australian Dollar Ponders Path Ahead After RBA Minutes. Will AUD/USD Breakout?

Australian Dollar crosswinds create uncertainty for direction with the RBA meeting minutes verify that the debate for hikes is up in the air and will be data dependent. Where to for AUD/USD?

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The $300 Trillion Question

(Bloomberg) -- Ligaya Kelly worries her pet boarding facility on the outskirts of Los Angeles won’t survive the winter if loan costs keep rising. Economist Diana Mousina says she’ll have to sell her Sydney investment property if interest rates remain higher. John Stanyer has cut back plans for his holiday park in the north of England after his mortgage repayments almost tripled.Most Read from BloombergWall Street Comes to Grips With How Wrong It’s Been in 2023MGM Resorts Hackers Broke In After T

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The $300 trillion question: Are these high interest rates here to stay?

In the ten years after the 2008 financial crisis, the neutral rate fell across developed economies as prices remained largely muted even as central banks globally held interest rates at historically low levels.

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The $300trn question

It’s arguably the biggest question in economics right now: Are these higher interest rates here to stay?

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AUD/USD eyes RBA minutes

The Australian dollar continues to drift as we start the new trading week. In Monday's European session, AUD/USD is trading at 0.6438, up 0.11%. The Reserve

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AUD/USD Eyes RBA Minutes - Action Forex

The Reserve Bank of Australia releases its minutes of this month’s meeting. The RBA extended a pause in rates for a third month, holding the official cash rate at 4.10%. This was ex-Governor Philip Lowe’s final meeting. Lowe noted that “passed its peak” but was “still too high and will remain so for some time yet”, as he kept the door open to further rate hikes. The markets are more dovish and are looking ahead to the RBA trimming rates sometime in 2024. Investors will be looking for clues in the minutes with regard to future rate moves.

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Global economy expects higher-for-longer interest rate periods as central banks fight inflation

Global economy expects higher-for-longer interest rate periods as central banks fight inflation
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Bullock takes over at Australia central bank with soft landing in sight

When Michele Bullock takes over as the first woman to head Australia's central bank on Monday, she inherits an economy with inflation moderating, employment strong and growth still afloat. The Reserve Bank of Australia (RBA) has been on hold for three months after raising interest rates aggressively for more than a year. Markets are wagering Bullock will keep them steady in her first meeting as governor next month, and some economists say that her eventual first policy change might be a rate cut.

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Bullock takes over at Australia c.bank with soft landing in sight

SYDNEY: When Michele Bullock takes over as the first woman to head Australia's central bank on Monday, she inherits an economy with inflation moderating, employment strong and growth still afloat.

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Bullock Takes Over at Australia Central Bank With Soft Landing in Sight

Bullock Takes Over at Australia Central Bank With Soft Landing in Sight
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