AUD/USD is lower, and the RBA's firm stance clashes with unsettling inflation expectations

The Reserve Bank of Australia kept interest rates unchanged, which surprised the market. Facts have proven that inflation is stubborn, and the level of inflation is expected to remain high until 2025.

FX678 FinanceMay 8 05:57 ET

AUD/JPY Hovers Around 102.00 Amid Less Hawkish RBA

AUD/JPY hovers around 102.00 during the European session on Wednesday.

FXStreetMay 8 03:54 ET

The Bank of Japan is suspected of “taking action” again to save the yen Kazuo Ueda suggests interest rate hikes

Bank of Japan Governor Kazuo Ueda strengthened his rhetoric about the weak yen one day after meeting with Prime Minister Fumio Kishida.

Zhitong FinanceMay 8 02:05 ET

Japan's Suzuki: Rapid FX Moves Are Undesirable

Japanese Finance Minister Shunichi Suzuki said on Wednesday that rapid foreign exchange (FX) movements are undesirable. However, Suzuki declined to comment on whether the US has agreed on Japan's FX intervention.

FXStreetMay 8 00:29 ET

Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation

In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.

Zhitong FinanceMay 7 23:22 ET

Australian Dollar Loses Ground Due to the Absence of a Hawkish RBA

The Australian Dollar (AUD) has plunged following the Reserve Bank of Australia (RBA)'s decision to maintain its interest rate at 4.35% on Tuesday. Investors sentiment leaned toward a potentially more hawkish stance from the RBA, particularly after last week's inflation data surpassed expectations. However, the RBA acknowledged that recent advancements in curbing inflation have halted, maintaining its forward guidance of "not ruling anything in or out."

FXStreetMay 7 22:42 ET