Australia forex news
Here are some recent and important news articles related to the Australian Forex market:
Reserve Bank of Australia (RBA) Interest Rate Decision
- The RBA kept the official cash rate unchanged at 0.1% in its latest meeting, citing the ongoing COVID-19 pandemic and its impact on the economy. (Source: The Australian)
- The RBA also maintained its forward guidance, indicating that it will keep rates low for an extended period. (Source: Bloomberg)
Australian Economy
- Australia's economy grew by 0.3% in the September quarter, beating expectations and marking a return to growth after a contraction in the previous quarter. (Source: The Sydney Morning Herald)
- The Australian Bureau of Statistics (ABS) reported that the country's unemployment rate fell to 6.9% in October, down from 7.0% in September. (Source: The Australian)
Australian Dollar (AUD) Movement
- The AUD/USD currency pair fell to a one-week low of 0.7245 after the RBA's interest rate decision. (Source: Reuters)
- The AUD/JPY pair rose to a two-week high of 76.45 after the Bank of Japan kept its interest rates unchanged. (Source: Bloomberg)
Other News
- The Australian government announced a new stimulus package worth AU$1.5 billion to support the country's tourism industry, which has been severely impacted by the COVID-19 pandemic. (Source: The Australian)
- The Australian Securities and Investments Commission (ASIC) launched an investigation into the collapse of several major financial institutions, including AMP and Commonwealth Bank. (Source: The Sydney Morning Herald)
Forex Market Analysis
- Analysts at Westpac Bank expect the AUD/USD pair to trade within a range of 0.7200-0.7500 in the short term, citing the RBA's dovish stance and the ongoing pandemic. (Source: Westpac Bank)
- The Australian dollar is expected to remain under pressure in the coming weeks, according to analysts at ANZ Bank, due to the country's high debt levels and the ongoing pandemic. (Source: ANZ Bank)
Please note that these news articles are subject to change and may not reflect the current market situation. It's always important to stay up-to-date with the latest news and market analysis when trading in the Forex market.