آر بی اے ہولڈ ریٹ - مارکیٹ پلس کے ساتھ آسٹریلوی ڈالر ڈوب گیا۔

• RBA holds rates at 4.1%
• AUD/USD declines 1%

The Australian dollar is down sharply lower on Tuesday. In the European session, AUD/USD is trading at 0.6295, down 1.05%.

RBA pauses rates for fourth straight time

Another Reserve Bank of Australia meeting, another pause. The RBA has clearly become comfortable with this pause phase, as policy makers held the benchmark rate at 4.10% on Tuesday for a fourth consecutive time. The move was no surprise, as future markets had priced in a pause at around 95%.

The meeting was the first under the helm of Michele Bullock, but the message from the RBA was much the same as it has been in recent months. Bullock reiterated that additional rate hikes were possible and that rate policy would be determined by inflation and other key economic reports. The RBA statement said that “the board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.”

Inflation rose unexpectedly in August, from 4.9% to 5.2%, but the board noted that much of the upswing was driven by volatile items such as energy prices. Still, inflation remains much higher than the target range of 2%-3%, and unless inflation falls significantly, the RBA may have to raise rates one more time before the end of the year. The third-quarter inflation report will be released later this month, which could a long way in determining what the RBA does at the November meeting.

The Australian dollar is having a miserable day, with losses of over 1%. The Aussie has dropped to an 11-month low and is being squeezed by a stronger US dollar, higher US Treasury yields, and the RBA pause.

.

AUD / USD تکنیکی

• AUD/USD نے پہلے 0.6345 پر سپورٹ کا تجربہ کیا۔ اگلی سپورٹ لائن 0.6254 ہے۔
• 0.6423 اور 0.6514 پر مزاحمت ہے

مواد صرف عام معلومات کے مقاصد کے لیے ہے۔ یہ سرمایہ کاری کا مشورہ یا سیکیورٹیز خریدنے یا بیچنے کا حل نہیں ہے۔ آراء مصنفین ہیں؛ ضروری نہیں کہ OANDA Business Information & Services Inc. یا اس کے کسی بھی ملحقہ، ماتحت اداروں، افسران یا ڈائریکٹرز کا ہو۔ اگر آپ مارکیٹ پلس پر پائے جانے والے کسی بھی مواد کو دوبارہ پیش کرنا یا دوبارہ تقسیم کرنا چاہتے ہیں، ایوارڈ یافتہ فاریکس، کموڈٹیز اور عالمی اشاریے کا تجزیہ اور OANDA Business Information & Services Inc. کے ذریعہ تیار کردہ نیوز سائٹ سروس، تو براہ کرم RSS فیڈ تک رسائی حاصل کریں یا ہم سے اس پر رابطہ کریں۔ info@marketpulse.com. ملاحظہ کریں https://www.marketpulse.com/ عالمی منڈیوں کی بیٹ کے بارے میں مزید جاننے کے لیے۔ © 2023 OANDA Business Information & Services Inc.