Interest rates: Australian dollar rises on diverging Federal Reserve and Reserve Bank rate outlook
The Aussie jumped above US64¢ on speculation US rates have peaked and that the RBA will lift borrowing costs as early as next week.
Source: afr.com
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Interest rates: Traders ramp up rate rise bets after the Federal Reserve talks tough
Investors expect the Reserve Bank to lift the cash rate at least once more after the US central bank signalled another rate hike to defeat inflation.
Source: afr.com
Interest rates: Fed to keep rates higher for longer
The currency could tumble to US62¢ as the US economy outperforms, and China growth deteriorates. Investors give a 60pc chance of another RBA rate rise.
Source: afr.com
ASX: Shares poised to jump ahead of busy week with RBA, GDP
Some economists say there is a chance the economy contracted in January-March for the first time since the pandemic induced downturn in 2021.
Source: afr.com
Interest rates: National Australia Bank tips more rate rises amid recession, US debt ceiling fears
The big four bank won’t rule out a much higher cash rate while worries over the US economy and possible debt default weigh on sentiment.
Source: afr.com