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May 4, 2021 03:41 GMTFXStreet News AUD/USD refreshes intraday low following weaker-than-expected Aussie data. Risk dwindles amid mixed updates concerning covid, vaccines. RBA is likely to keep the monetary policy intact, Rate Statement will be the key. US data, risk catalysts could offer additional direction. AUD/USD drops to the fresh low of the day, down 0.20% intraday around 0.7745, following weak Australia trade numbers on early Tuesday. Mildly offered S&P 500 Futures should also have contributed to the Aussie pair’s recent weakness. Australia’s headline Trade Balance for March droppe...

About the RBA interest rate decision RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only an...

Earlier in the Day: It was a busier start to the day on the economic calendar this morning. The Japanese Yen was in action, with economic data from China also in focus. Later this morning, the RBA will deliver its 1 st monetary policy decision of the 2 nd quarter. With the markets expecting the RBA to stand pat, the Rate Statement will be the key driver. It remains to be seen whether disappointing retail sales figures and a narrowing of the trade surplus are cause for concern. Manufacturing sector activity, a ramp up in raw material prices, and a softer Aussie Dollar should offset some conce...

3/10/2021 11:11:26 AM GMT | By Eren Sengezer USD/CAD is trading in a tight range following Tuesday's decline. WTI consolidates weekly losses, hold above $64 ahead of EIA data. Bank of Canada is expected to keep its policy rate unchanged at 0.25%.  The USD/CAD pair dropped below 1.2600 on Tuesday but staged a rebound to close the day with small losses at 1.2634. With the market action turning subdued ahead of key macroeconomic events on Wednesday, the pair is trading in a tight range around 1.2650 and posting small daily gains. Eyes on US inflation data...

3/10/2021 12:01:49 PM GMT | By FXStreet Team The Bank of Canada (BoC) is set to leave interest rates unchanged and may also comment on the increase in returns on Canadian debt amid better growth prospects in its Rate Statement due out at 15:00 GMT. As we get closer to the release time, here are the expectations as forecast by the economists and researchers of eight major banks, regarding the upcoming announcement.  Ahead of the event, WTI Oil is trading around $64, off the highs seen earlier in the week and allowing USD/CAD to bounce above 1.2650. TDS...