- Analytics
- News and Tools
- Market News
- RBA Lowe: Big deviation between what we expect to do on rates and what markets expect
RBA Lowe: Big deviation between what we expect to do on rates and what markets expect
The Reserve Bank of Australia's Philip Lowe has stated that there is a ''big deviation between what we expect to do on rates and what markets expect.''
His comments during a testimony at a virtual hearing before the House of Representatives Standing Committee on Economics are being scrutinised for an insight as to when the RBA will start to raise rates.
However, in earlier comments, he said that it is ''plausible we could raise rates later this year depending on the economy.''
He added that he hasn't said rates won't go up.
His testimony comes shortly after very hawkish rhetoric from a voting member of the Federal Open Market Committee, James Bullard, who said that the Fed could consider hiking rates at an Inter-meeting.
Traders are treading very carefully around the sentiment in markets but do expect the RBA to follow suit sooner than previously communicated by the central bank.
AUD/USD technical analysis
At the time of writing, the US dollar is bid and the Aussie is under pressure, falling below a key area of support, support highlighted in the prior analysis as follows:
AUD/USD live market
The prior support would now be expected to act as resistance on restest and that could lead to further supply before the week is out.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
