{"id":95943,"date":"2024-12-09T11:18:35","date_gmt":"2024-12-09T09:18:35","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=95943"},"modified":"2024-12-09T22:06:00","modified_gmt":"2024-12-09T20:06:00","slug":"rbas-interest-rate-decision-in-focus-4","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/pt\/rbas-interest-rate-decision-in-focus-4\/","title":{"rendered":"RBA\u2019s interest rate decision in focus"},"content":{"rendered":"

The USD seems to be extending its gains against other currencies in the FX market as November\u2019s employment report came in stronger than expected. Practically, the NFP topped expectations, yet the tick-up of the unemployment rate may have clipped some of USD’s bullish movement. Overall, we are entering a week with a heavy calendar, as the US CPI rates for November are to be released on Wednesday while we also highlight the interest rate decisions of BoC from Canada and the ECB from the Euro Zone on Wednesday and Thursday respectively. We make a start with RBA\u2019s interest rate decision in tomorrow\u2019s Asian session. The bank is expected to remain on hold and AUD OIS imply a probability of 90.3% for such a scenario to materialise. Should the bank remain on hold as expected, we may see the market attention turning to the accompanying statement and RBA Governor Bullock\u2019s press conference later on. The bank may be the only one among its peers keeping rates high, hence should the bank opt to adopt a hawkish tone, highlighting the bank\u2019s readiness to keep rates high for longer we may see the Aussie getting some support as interest rate differentials may favour it. On the flip side should the bank choose to signal that a rate cut is coming, it could take the markets by surprise and weaken the AUD asymmetrically.    <\/p>\n\n\n\n

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