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  • Statement by Philip Lowe, Governor: Monetary Policy Decision

    From rba.gov.au

    At its meeting today, the Board decided to: *Maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero per cent *Maintain the target of 10 basis points for the April 2024 Australian Government bond *Continue to purchase government securities at the rate of $5 billion a week until early September and then $4 billion a week until at least mid November. The economic recovery in Australia has been stronger than was earlier expected. The recent outbreaks of the virus are, however, interrupting the recovery and GDP is expected to decline in the September quarter. The ... (full story)

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Fly Aussie Fly
  •  Guest
  • | IP XXX.XXX.8.207
Seems dovish.
  •  Guest
  • | IP XXX.XXX.169.46
Do not forget rbnz at mid Aug, these both countries hv good fundamental
*Super Breaking News* RBA Gave Hawkish Statements and start tapering on September 2021. *Effects* AUDUSD STRONG BULLISH/ UP to 0,75. (Bearish/ Down for USD).


After News released, AUDUSD Bullish/ Up to more than 40 pips in 1 minutes.
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Still stand with Taper.. let's see
Thank you Mr. Lowe
yea ok aussie sells later this week it is then
a few moments later..
Quoting Guest
Do not forget rbnz at mid Aug, these both countries hv good fundamental
Is it a joke? Good fundamental? Australia?
  •  Guest
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Quoting Guest
Do not forget rbnz at mid Aug, these both countries hv good fundamental
what good fundamental?
"Domestic financial conditions remain very accommodative, sovereign bond yields have declined and the exchange rate has depreciated to around its lowest level this year, despite elevated levels of commodity prices. "

I guess this phrase helped the Australian Dollar gain some strength quickly. Overall though the statement seemed a bit mixed.
keep Printing money lock down $750/week @adult
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Quoting HengkiTjen
keep Printing money lock down $750/week @adult
just keep paying the bills...they know it wont be paid back in this generation. just enjoy the ride. Aussie probably will hit back towards .80 sooner than .70. just a bit of risk to reward.
Not a regular reader, but this dailyfx news released hrs before RBA statement was good. take a look about what it said.

https://www.dailyfx.com/forex/market_alert/2021/08/02/Australian-Dollar-Forecast-RBA-Sticking-to-QE-Taper-Can-Lift-AUDUSD.html
Quoting Sean1224
Not a regular reader, but this dailyfx news released hrs before RBA statement was good. take a look about what it said. https://www.dailyfx.com/forex/market_alert/2021/08/02/Australian-Dollar-Forecast-RBA-Sticking-to-QE-Taper-Can-Lift-AUDUSD.html
Yes, these guys are most of the time spot on.
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