USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
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
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USD Moves Weird Ahead of CPI
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The NFP Release: One More Punch for USD?
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.
The UK Speeds Up Tightening
The Bank of England (BoE) will share its Official Bank Rate and make a statement on monetary policy on August 4, 14:00 GMT+3.
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