- Analytics
- News and Tools
- Market News
- RBA’s Bullock: Vigilant to inflation risks, will not hesitate to hike if needed
RBA’s Bullock: Vigilant to inflation risks, will not hesitate to hike if needed
Reserve Bank of Australia (RBA) Governor Michele Bullock is delivering a speech titled ‘Economic Conditions in Post-Pandemic Australia with a Regional Lens’ at the Rotary Club of Armidale Annual Lecture on Thursday.
Key quotes
Vigilant to inflation risks, will not hesitate to hike if needed.
Repeats, board judged current rates still meet its inflation mandate.
Don’t expect to be back in 2–3% target range until end of 2025.
Investment in renewable energy in regions should bring significant economic benefits.
Renewables needed to mitigate the risks posed by climate change.
Increasing volatility in weather, rising temperatures pose challenges for farmers.
Market reaction
AUD/USD extends the bounce to regain 0.6550 following the hawkish comments from the RBA Governor. The pair is currently trading 0.53% higher on the day to 0.6552.
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.10% | -0.03% | -0.13% | -0.20% | -0.50% | -0.20% | -0.21% | |
| EUR | 0.10% | 0.08% | 0.00% | -0.12% | -0.41% | -0.11% | -0.11% | |
| GBP | 0.03% | -0.08% | -0.09% | -0.20% | -0.50% | -0.21% | -0.19% | |
| JPY | 0.13% | 0.00% | 0.09% | -0.09% | -0.38% | -0.12% | -0.08% | |
| CAD | 0.20% | 0.12% | 0.20% | 0.09% | -0.29% | 0.00% | 0.00% | |
| AUD | 0.50% | 0.41% | 0.50% | 0.38% | 0.29% | 0.30% | 0.31% | |
| NZD | 0.20% | 0.11% | 0.21% | 0.12% | -0.00% | -0.30% | 0.00% | |
| CHF | 0.21% | 0.11% | 0.19% | 0.08% | -0.01% | -0.31% | -0.01% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
© 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
