The improvement in the Business Confidence and Business Conditions in May highlighted by the National Australia Bank's survey released at 01:30 GMT did not impact AUD/USD positively. National Australia Bank's index of business confidence rose to -20 in May 2020 from -46 in April and compared to market consensus -32. The latest reading remained below [...]
The Reserve Bank of Australia (RBA) has announced its latest monetary policy decision today as it has recently stepped up its efforts to fight the corona virus (COVID-19). With the Aussie Fed already showing its interest rate of 0.25%, traders can expect any change in quantitative easing (QE). After the Board Meeting of RBA's, “The [...]
"RBA will maintain its expansionary settings until progress is being made towards full employment and we are confident that inflation will be sustainably within the 2–3 percent target band." was said by RBA Governer Philp Lowe to the senate committee. His speech was optimistic that made Aussie to gain strength against USD. He added that [...]
AUD/JPY drops to a low of 70.15 still up of 0.17% on a day, after RBA released minutes of its May month monetary policy on early Tuesday but later on stepped back on the Aussie-China tension. Before the latest Aussie-China war, markets were happy cheering the hopes of the corona virus (COVID-19) cure. The relationship [...]
