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AUD/USD climbs after RBA rate hike, markets price in further tightening
The Australian Dollar (AUD) trades on the front foot against the US Dollar (USD) on Tuesday, after the Reserve Bank of Australia (RBA) delivered a widely expected interest rate hike, lifting the Aussie broadly across the board.
Fxstreet
Tue, Feb 3
NZD/USD rebounds amid USD pullback, RBNZ tightening expectations
NZD/USD recovers and trades around 0.6050 on Tuesday at the time of writing, up 0.75% on the day, after two consecutive days of decline. The rebound mainly reflects a pause in the appreciation of the US Dollar (USD), which is giving back part of its recent gains against major currencies.
Fxstreet
Tue, Feb 3
GBP/USD holds in a tight range as thin data keeps trading subdued
The British Pound (GBP) trades in a tight range against the US Dollar (USD) on Tuesday, with GBP/USD struggling to find direction as a thin economic calendar in both the United States (US) and the United Kingdom (UK) keeps price action subdued.
Fxstreet
Tue, Feb 3
GBP/JPY climbs as Yen falters on fiscal concerns and BoE interest rate decision looms
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Tuesday, as the Yen remains under broad pressure amid market concerns over Prime Minister Sanae Takaichi’s expansionary fiscal stance. At the time of writing, GBP/JPY is trading near 213.26, rising for a third straight day.
Fxstreet
Tue, Feb 3
AUD: RBA leads with rate hike – BBH
Brown Brothers Harriman (BBH) analysts report that the Reserve Bank of Australia (RBA) has raised the cash rate target by 25bps to 3.85%, marking the first increase since 2023. This decision was largely anticipated by the market, with inflation expected to remain above target for some time.Fxstreet
Tue, Feb 3
EUR: Inflation expectations and ECB stance – TD Securities
TD Securities discusses the Eurozone's inflation expectations ahead of key economic data releases. The report anticipates a dip in headline inflation to 1.7% y/y, which is aligned with previous forecasts. The ECB views this as a temporary deviation, suggesting no immediate monetary policy shifts.
Fxstreet
Tue, Feb 3
USD/CHF falls on US budget impasse, Swiss Franc safe-haven demand
USD/CHF trades lower around 0.7780 on Tuesday, down 0.15% on the day at the time of writing. The pair remains under pressure as political uncertainty in the United States (US) weighs on the US Dollar (USD), despite the release of encouraging economic indicators.
Fxstreet
Tue, Feb 3
AUD/USD stays firm around 0.7000 after RBA’s hawkish interest rate hike
The AUD/USD pair trades almost 1% higher, slightly above 0.7000, during the European trading session on Tuesday. The Aussie pair demonstrates significant strength as the Australian Dollar (AUD) outperforms its peers, following the Reserve Bank of Australia’s (RBA) monetary policy announcement.Fxstreet
Tue, Feb 3
EUR: Some technical support in sight – ING
The two-year swap rate gap widened in favor of the Dollar, impacting the short-term fair value estimate for EUR/USD. Technical supports are identified near the 50-day moving average. Political stability in France is noted, but its impact on FX remains marginal, notes Francesco Pesole from ING.Fxstreet
Tue, Feb 3
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