AUD: Gains following RBA rate hike – Deutsche Bank
The Deutsche Bank report highlights that the Australian Dollar gained strength after the RBA raised its benchmark cash target rate by 25 basis points to 3.85%. The report indicates that the RBA anticipates further potential hikes to address persistently high inflation, with the Australian Dollar trading at 0.7008 against the US Dollar.
Australian Dollar strengthens post-rate hike
"Following this decision, the Australian dollar (+0.86%) is gaining strength after two consecutive sessions of declines, trading at 0.7008 against the US dollar."
"Against this background, markets have raised their expectations for a rate increase in May to 79%, with the market anticipating a cumulative tightening of 36 basis points this year."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Related Articles
Google Earnings Preview: It’s a Buy on Strong Projected Cloud Business
Google will release its fourth-quarter earnings report after the market close on February 4, ET. Bloomberg analysts expect Q4 revenue to increase by 16% year-over-year to $95.08 billion. Adjusted net income is projected to grow 19% year-over-year to $38.55 billion, while GAAP earnings per share (EPS
Precious Metals Bloodbath: Silver’s Worst Day in History as Gold Plunges Most in 40 Years—Is the Bull Run Over?
TradingKey - Following a multi-day rally, gold and silver experienced their sharpest single-day decline on Friday, January 30. Gold recorded its largest one-day drop in nearly 40 years, plunging more than 12% at its peak and falling below $4,900. Silver saw its largest intraday decline on record, at
USD Dollar Trend Forecast: Dollar Index Falls Below 97.0 to 4-Year Low, Will the Dollar Continue To Fall or Bottom Out in 2026?
TradingKey - In January 2026, the US Dollar Index continued its downward trend from 2025, officially breaking below the key 97.0 level and reaching a low of 95.5, marking a nearly four-year low since February 2022.
Analysing Gold Price Today: Essential Insights for 2026 Forecast
Could 2026 be the year to invest in gold? With spot gold price pushing towards new heights, we look at the key factors affecting the price of gold today. With signals point to gold potentially surpassing previous records, we look at the possibility of gold reaching more than $6,000 per ounce by 2026
