Category: Asian Markets

Our medium-term bias for AUDCAD remains tilted to the upside and we’ll be keeping a very close eye on this week’s incoming Wage Index data.

It took longer than we thought, but it looks like the tide is finally turning for the AUDCAD.

At its December meeting, the RBA explained that it will decide on the future of its bond purchase program at the February meeting.

Markets are pricing in a 100% chance of a 25bsp hike by the RBNZ this upcoming week – but could there be a surprise on the cards?

The NZD had a textbook “buy-the-rumour-sell-the-fact” reaction to the RBNZ’s 25-basis point rate hike last week. But has anything really changed for the currency?

With the August meeting covid jitters now behind the RBNZ, the coast is clear for them to start their planned hiking cycle with a 25-basis point hike in the week ahead.

The AUD is the biggest under-performer among the major currencies after it found a peak back in February.

The RBA took markets by surprise at their August meeting by deciding to stick to their planned September tapering.

With a quiet week ahead, our attention turns to the USDJPY, where recent events could see potential upside in the pair.