Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Can AUD surprise in March?
Information is not investment advice
What will happen?
The Reserve Bank of Australia will release the cash rate and make a rate statement on March 1, at 05:30 MT time. This release influences the AUD movement and all pairs that include this currency. The cash rate is charged on overnight loans between financial intermediaries. It’s the key instrument of the central bank’s monetary policy. The Reserve Bank of Australia reviews the cash rate on the first Tuesday of the month, except January.
Possible Aussie Dollar moves
Since November 2020, the cash rate has been steady at 0.1% and hasn’t done any surprising movements, as experts expected. Therefore, we most likely shouldn’t expect any hawkish changes in the Australian interest rate. Moreover, this month the continent had no bad news that could influence the rate crucially.
On February 1, 2022, due to the persistency of the Australian interest rate, the last release positively impacted AUD. After the release, the AUD/USD pair boosted approximately by 1130 points.
How to trade on the Australian Cash Rate Release?
If the actual rate is higher than forecasted, it’s better for the currency.
As we can see from the latest releases, the currency shows a positive tendency, even if the rate is stable. However, at the same time, we’re waiting for statement that can bring some unpredictable policy of the cash rate.
Check Economic Calendar.
Instruments to trade: AUD/USD, AUD/CHF, AUD/NZD, AUD/JPY
Similar
Three Currencies to Watch This Week
We prepared an outlook of major events of this week. Check it and be ready!
The Fed won't miss these releases!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Popular
Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
Choose your payment system
