AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision
The recent rally in the Australian dollar could gather pace over the following week as the central bank is expected to increase borrowing costs for the first time in five-months, and the statement following the rate decision is likely to stoke increased volatility in the exchange rate as investors weigh the prospects for future policy.
FOREX: Dollar Still Caught in the Wake of Fed Stimulus Speculation, Treasury Sales and Intervention
Since we are coming to the end of the month, it is worthwhile to look at the dollar not only in terms of its daily performance but its general trend as well. Wednesday’s session ended in the red; but selling momentum was markedly curbed. This is both remarkable given the developments in Treasury auctions and European finances; and at the same time, it is exactly in line with the lack of underlying speculative investment and the lack of tangible event risk.
EUR/USD: Trading the Change in Euro-Zone Consumer Price Estimate
A rebound in Euro-Zone consumer inflation expectations could reinforce the bullish bias behind the EUR/USD, and the exchange rate may continue to push higher over the near-term as it maintains the rally from earlier this month.