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ANZ Research maintains a mild bullish bias on AUD/USD, and NZD/USD over the next 1-2 weeks.
“AUD/USD: Mildly Bullish: We expect the RBA to hike by another 25bps at the Tuesday meeting. We’ll be watching the post-meeting statement for the RBA’s take on the wages data. A dovish message will keep the AUD
AUD
The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank
The Australian dollar (AUD) is the official currency of Australia, which is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, as well as independent pacific states.Introduced in 1966, the AUD is currently the fifth most traded currency in the world, behind only the US dollar, euro, Japanese yen, and British pound.The currency is very important to forex markets and is routinely used as a carry trade against other majors.The Reserve Bank of Australia (RBA) is the central bank Read this Term under pressure,” ANZ notes.”NZD/USD: Mildly Bullish With little major domestic data on the calendar, we think the NZD should consolidate recent gains next week ahead of February Jobs data in the US,” ANZ adds.
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ICYMI, the Reserve Bank of Australia today is due at 2.30pm Sydney time, oo30 GMT, 7.30pm US Eastern time. A 25bp rate hike is widely expected with the bank trying to catch up to runaway inflation
Inflation
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m
Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term.
