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Key insights from the week that was. At its first meeting of the year, the RBA Board decided to leave the cash rate unchanged at 4.35%. Since its last meeting in December, the key development was an encouraging quarterly update on inflation, the annual rate moderating from 5.4%yr in Q3 to 4.1%yr in Q4. Mirroring […]

The post Cliff Notes: Confidence on Inflation a Matter of Time and Cconsideration appeared first on Action Forex.

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08/07/2024

June CPI Preview: Some Payback for May, but Downward Trend Remains

Summary Consumer price inflation likely firmed in June relative to May but remained on a downward trajectory through the month-to-month noise. We estimate headline CPI rose 0.1% in June, with a decline in gasoline prices helping keep the overall increase in prices tame. The core index also looks to have rebounded slightly. We expect core […]
02/03/2024

BoC to Deliver Another Dovish Hold, Unemployment Rate to Tick Higher

The Bank of Canada is widely expected to maintain the overnight rate steady again at its meeting on Wednesday. An announcement on the ending of quantitative tightening is unlikely but we expect that to follow later in April. Over past meetings, the BoC has been gradually and cautiously moving towards a more dovish stance. Language […]
10/06/2024

Euro Falls to Four-Week Low: Politicians to Blame

EUR/USD plummeted below 1.0800 and is currently hovering around 1.0796 on Monday morning. This development came amid heightened political tensions in France. President Emmanuel Macron called for early elections on Sunday in the wake of his party’s crushing defeat and Marine Le Pen’s party’s resounding victory in the European Parliament elections. The far-right, which secured […]