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JPY Daily News
RBA Rates Decision Boosts Aussie
The Australian dollar saw significant gains throughout the trading day yesterday, following news that the Reserve Bank of Australia (RBA) would leave national interest rates at their current level of 4.25% for the time being. Analysts had originally forecasted the RBA to reduce interest rates to 4.00%. The move resulted in the AUD extending its recent gains against most of its main currency rivals, including the USD, EUR and JPY. The AUD/USD hit a six-month high at 1.0823 before staging a reversal, as analysts warned that the pair still had room to move up.
Turning to today, traders will want to continue monitoring news out of the euro-zone, which is likely to determine the level of investor risk-appetite. Positive data is likely to boost currencies like the Aussie. At the same time, fears that Portugal will be the next euro-zone country to require a bailout may limit any gains.
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Print| # | Tidspunkt | $€£¥ | Begivenhed | Per. | Forr. | Prog. | Fakt. | Vigt. |
|---|---|---|---|---|---|---|---|---|
| 02/08 | ||||||||
| 05:00 | JPY |  Economy Watchers Sentiment | 47.0 | 47.6 | 44.1 |  | ||
| 23:50 | JPY | Core Machinery Orders | m/m | 14.8% | -4.6% | -7.1% |  | |
| 23:50 | JPY | M2 Money Stock | y/y | 3.1% | 3.1% | 3.0% | | |
