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RBA To Release Financial Stability Report

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BulletMarketsForeign Exchange

The Aussie dollar underperformed Thursday, with AUD/USD extending its rout into a weekly loss, despite the formation of a "golden cross" DMA pattern earlier this week. Expectations of greater Fed resolve in tackling inflation weighed on the pair, as hawkish dissenter Fed's Bullard continued to advocate relatively sharp tightening, while U.S. weekly jobless claims matched a 54-year low.

  • AUD/USD changes hands at $0.7479, little changed on the day. Bears look for losses past yesterday's low of $0.7467 towards Mar 22 low of $0.7376. On the flip side, bulls set their sights on Apr 5 high of $0.7661.
  • Australia announced it will provide 20 Bushmaster protected mobility vehicles to Ukraine, while Russia slapped sanctions on Australia's political leadership retaliating against Canberra's moves.
  • The RBA will release its semi-annual Financial Stability Review later today.
  • Next week, focus turns to CBA household spending & NAB Business Confidence (Tuesday), Westpac Consumer Confidence (Wednesday), consumer inflation expectations & jobs market reports (Thursday).
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The Aussie dollar underperformed Thursday, with AUD/USD extending its rout into a weekly loss, despite the formation of a "golden cross" DMA pattern earlier this week. Expectations of greater Fed resolve in tackling inflation weighed on the pair, as hawkish dissenter Fed's Bullard continued to advocate relatively sharp tightening, while U.S. weekly jobless claims matched a 54-year low.

  • AUD/USD changes hands at $0.7479, little changed on the day. Bears look for losses past yesterday's low of $0.7467 towards Mar 22 low of $0.7376. On the flip side, bulls set their sights on Apr 5 high of $0.7661.
  • Australia announced it will provide 20 Bushmaster protected mobility vehicles to Ukraine, while Russia slapped sanctions on Australia's political leadership retaliating against Canberra's moves.
  • The RBA will release its semi-annual Financial Stability Review later today.
  • Next week, focus turns to CBA household spending & NAB Business Confidence (Tuesday), Westpac Consumer Confidence (Wednesday), consumer inflation expectations & jobs market reports (Thursday).