

others
Australian Dollar rebounds following RBA’s hawkish hold – Crypto News
- AUD/USD recovered much of its previous losses in Tuesday’s session, following RBA decision.
- USD started the week softly, and its declines extended following weak Retail Sales figures.
- If the Fed and RBA policies diverge, the Aussie might see further gains.
The Australian Dollar (AUD) witnessed sizable gains against the US Dollar (USD) following Tuesday’s Reserve Bank of Australia (RBA) meeting, which concluded with a hawkish hold.
Despite the underlying weakness in the Australian economy, stubbornly high inflation has prompted the RBA to postpone rate cuts. On the US side, disinflation signals have boosted confidence in a September interest rate cut by the Federal Reserve (Fed).
Daily digest market movers: Australian Dollar buoyant after RBA’s hawkish hold
- Reserve Bank of Australia, as widely expected, left the cash rate static at 4.35% and reiterated that “the Board is not ruling anything in or out.”
- Furthermore, Governor Bullock confirmed that the board discussed rate hike options with a rate cut not being contemplated at this time.
- Resolute tone surrounding Australia’s inflation backdrop implies that threshold for policy easement remains high.
- RBA disclosed that “inflation remains above target and proves persistent” and reiterated that “the Board anticipates it will be a while still before inflation is sustainably within the target range.”
- On the US front, the US Census Bureau released that Retail Sales, a crucial measure of household spending, grew at a slower-than-anticipated pace in May of 0.1% against the projected 0.2%.
- Slower Retail Sales growth might create significant pressure on the US Dollar, as it is set to bolster investors’ belief in the gradual disinflation process.
- CME FedWatch Tool indicates higher probabilities of interest rates starting to decrease from the September meeting, with one or more rate cuts implied in November or December.
Technical analysis: Bullish signals gain traction, pending confirmation
The Relative Strength Index (RSI) has now risen above 50, signifying a shift in momentum. Concurrently, the Moving Average Convergence Divergence (MACD) registers shrinking red bars, hinting at declining selling pressure and a potential reversal.
However, the short-term outlook remains negative unless buyers consolidate above the 20-day Simple Moving Average (SMA) now set at 0.6640. As the AUD/USD struggles with the 20-day SMA, investors should continue to monitor the region of 0.6560-0.6550, where the 100-day and 200-day Simple Moving Averages (SMAs) meet. That support level might be retested in the upcoming sessions if bulls fail to confirm their surge.
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
-
Technology2 days ago
ChatGPT users are mass cancelling OpenAI subscriptions after GPT-5 launch: Here’s why – Crypto News
-
Technology1 week ago
Meet Matt Deitke: 24-year-old AI whiz lured by Mark Zuckerberg with whopping $250 million offer – Crypto News
-
Technology7 days ago
Binance to List Fireverse (FIR)- What You Need to Know Before August 6 – Crypto News
-
others1 week ago
XRP NIGHT Token Airdrop: Snapshot, Claim Date and What to Expect? – Crypto News
-
Cryptocurrency1 week ago
XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – Crypto News
-
Blockchain1 week ago
Bank of America Sees Interest in Tokenization of Real-World Assets – Crypto News
-
Blockchain1 week ago
Altcoin Rally To Commence When These 2 Signals Activate – Details – Crypto News
-
Business1 week ago
Bitpanda Co-Founder & Co-CEO Paul Klanschek Steps Down as Firm Eyes Frankfurt IPO – Crypto News
-
Cryptocurrency1 week ago
Cardano’s NIGHT Airdrop to Hit 2.2M XRP Wallets — Find Out How Much You Can Get – Crypto News
-
Technology1 week ago
Beyond Billboards: Why Crypto’s Future Depends on Smarter Sports Sponsorships – Crypto News
-
De-fi1 week ago
Court Overturns Fraud Conviction of OpenSea’s Nate Chastain – Crypto News
-
Technology1 week ago
Oppo K13 Turbo series confirmed to launch in India with in-built fan technology: Price, specs and everything expected – Crypto News
-
Cryptocurrency1 week ago
Stablecoins Are Finally Legal—Now Comes the Hard Part – Crypto News
-
Technology1 week ago
Google DeepMind CEO Demis Hassabis explains why AI could replace doctors but not nurses – Crypto News
-
Technology7 days ago
Best computer set under ₹20000 for daily work and study needs: Top 6 affordable picks students and beginners – Crypto News
-
Business6 days ago
Analyst Spots Death Cross on XRP Price as Exchange Inflows Surge – Is A Crash Ahead ? – Crypto News
-
Technology1 week ago
Big Tech’s Big Bet on AI Driving $344 Billion in Spend This Year – Crypto News
-
Cryptocurrency1 week ago
CME XRP Futures Hit Record Highs in July Amid ETF Approval Optimism – Crypto News
-
Cryptocurrency1 week ago
Tron Eyes 40% Surge as Whales Pile In – Crypto News
-
Cryptocurrency1 week ago
Ethereum Hits Major 2025 Year Peak Despite Price Dropping to $3,500 – Crypto News
-
Blockchain1 week ago
XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst – Crypto News
-
Blockchain1 week ago
XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst – Crypto News
-
others1 week ago
Japan CFTC JPY NC Net Positions down to ¥89.2K from previous ¥106.6K – Crypto News
-
Technology6 days ago
Oppo K13 Turbo, K13 Turbo Pro to launch in India on 11 August: Expected price, specs and more – Crypto News
-
De-fi6 days ago
TON Sinks 7.6% Despite Verb’s $558M Bid to Build First Public Toncoin Treasury Firm – Crypto News
-
Blockchain5 days ago
Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty – Crypto News
-
others5 days ago
Bank of America CEO Denies Alleged Debanking Trend, Says Regulators Need To Provide More Clarity To Avoid ‘Second-Guessing’ – Crypto News
-
Technology5 days ago
OpenAI releases new reasoning-focused open-weight AI models optimised for laptops – Crypto News
-
Blockchain5 days ago
Crypto Market Might Be Undervalued Amid SEC’s New Stance – Crypto News
-
Technology1 week ago
Oppo K13 Turbo series confirmed to launch in India with in-built fan technology: Price, specs and everything expected – Crypto News
-
Blockchain1 week ago
Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark – Crypto News
-
Blockchain1 week ago
Bitcoin Price Pressures Remain as US Nonfarm Payrolls Miss the Mark – Crypto News
-
Blockchain1 week ago
Strategy Expands STRC Offering Twice in One Week – Crypto News
-
others1 week ago
Major Ripple Partner Reveals Bold Plans for RLUSD, ETFs And Global Payments – Crypto News
-
Technology1 week ago
Will The First Spot XRP ETF Launch This Month? SEC Provides Update On Grayscale’s Fund – Crypto News
-
Technology1 week ago
Amazon Great Freedom Sale deals on smartwatches: Up to 70% off on Samsung, Apple and more – Crypto News
-
Business1 week ago
Is Quantum Computing A Threat for Bitcoin- Elon Musk Asks Grok – Crypto News
-
Technology1 week ago
Elon Musk reveals why AI won’t replace consultants anytime soon—and it’s not what you think – Crypto News
-
Cryptocurrency6 days ago
Lido Slashes 15% of Staff, Cites Operational Cost Concerns – Crypto News
-
others6 days ago
Pi Network Invests In OpenMiind’s $20M Vision for Humanoid Robots- Is It A Right Move? – Crypto News
-
Business6 days ago
Pi Network Invests In OpenMiind’s $20M Vision for Humanoid Robots- Is It A Right Move? – Crypto News
-
others6 days ago
MetaPlanet Launches Online Clothing Store As Part of ‘Brand Strategy’ – Crypto News
-
Metaverse5 days ago
ChatGPT won’t help you break up anymore as OpenAI tweaks rules – Crypto News
-
Technology5 days ago
iPhone users alert! Truecaller to discontinue call recording feature for iOS from September 30. Here’s what you can do… – Crypto News
-
Technology5 days ago
iPhone users alert! Truecaller to discontinue call recording feature for iOS from September 30. Here’s what you can do… – Crypto News
-
others5 days ago
US President Trump issues executive order imposing additional 25% tariff on India – Crypto News
-
Business5 days ago
Analyst Predicts $4K Ethereum Rally as SEC Clarifies Liquid Staking Rules – Crypto News
-
Business4 days ago
XRP Price Prediction As $214B SBI Holdings Files for XRP ETF- Analyst Sees Rally to $4 Ahead – Crypto News
-
De-fi4 days ago
Coinbase Pushes for ZK-enabled AML Overhaul Just Months After Data Breach – Crypto News
-
Business1 week ago
XRP Price Prediction- RLUSD Volumes on Aave Hit ATH As Bulls Eye Rally to $5 – Crypto News