Reserve Bank of Australia (RBA) news

The Reserve Bank of Australia (RBA) is Australia's central bank. Its primary responsibility is to maintain monetary and financial system stability. The RBA uses various monetary policy tools to influence economic conditions and contribute to sustainable economic growth and full employment in Australia.

AUD/USD: Challenging key 200-day moving average post RBA

RBA left its policy cash rate unchanged at 4.35% in line with expectations. A slight dovish tonality in the monetary policy statement has reduced the expectations of a “hawkish pause”. Technical analysis suggests that the medium-term uptrend phase of the AUD/USD from its 26 October 2023 low remains intact. Watch the 0.6570 pivotal support. This is a follow-up analysis of our prior report, “AUD/USD: Bullish breakout ahead of monthly AU CPI data” published on 28 November 2023.

04-12-2023 23:53 GMT by Kelvin Wong

Podcast - Gold flash rally to record high, US non-farm payrolls and RBA looms ahead

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week's key economic data releases, events, and gold's flash rally on Monday toward a new record high. The short to medium-term dynamics at play for gold given that market expectations have increasingly skewed toward a Fed pivot.

04-12-2023 20:47 GMT by Kelvin Wong