Market Outlook Archives - Page 28 Of 28

RBA Governor Signals Concerns Amidst Inflation Woes

Reserve Bank of Australia Governor Michele Bullock addressed concerns following the release of minutes from the RBA’s Nov. 7 meeting, revealing a departure from a four-meeting pause. Policymakers shifted course to ensure that inflation would track back to the coveted 2-3% target amid accelerated economic growth and a robust labor market. The meeting minutes underscored […]

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AUD/USD Moves Downward

The AUD/USD pair maintains its bearish momentum, extending its losing streak even after the Reserve Bank of Australia (RBA) implemented a 25-basis-point rate hike on Tuesday. During Wednesday’s Asian session, the pair is trading lower, hovering around 0.6420. The negative bias seems to persist as the RBA adopts a dovish stance in its rate statement.