Forex News Timeline

.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:"";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}Australian Dollar steadies near 0.7060 as markets await Wednesday's inflation print.The RBA hiked rates 25 basis points to 3.85% at its February meeting, with markets pricing roughly 76% odds of another move by May as inflation holds above the 2%-3% target band.January's Australian CPI data, due Wednesday, is forecast at 3.7%; new 15% global tariffs from President Trump add to cross-market uncertainty.AUD/USD edged higher by less than 0.1% on Tuesday, trading in a narrow range around 0.7060. Price has been consolidating in a roughly 150-pip band between 0.7000 and the year-to-date high just shy of 0.7150 for nearly four weeks, with a cluster of small-bodied candles and doji pointing to indecision (or market apprehension) ahead of Wednesday's CPI.The Reserve Bank of Australia's (RBA) February rate hike to 3.85%, its first increase since November 2023, underscored the Board's concern over renewed capacity pressures and stronger-than-expected private demand growth. Wednesday's Australian January Consumer Price Index (CPI) release is the next test of the hawkish outlook, with headline inflation forecast to ease only marginally to 3.7% from 3.8% and trimmed mean CPI expected to hold steady at 3.3%. On the US Dollar (USD) side, the Supreme Court's ruling last Friday against Trump's earlier tariff measures prompted a fresh 15% global tariff announcement, weighing on risk sentiment. US consumer confidence ticked up to 91.2 in February from 89, though the expectations component has now spent 13 consecutive months below the 80 recession-warning threshold.Sideways consolidation below 0.7150 as Stochastic drifts in neutral territoryThe pair is holding well above the rising 50-day Exponential Moving Average (EMA) close to 0.6890 and the 200-day EMA near 0.6660, confirming the broader bullish structure that has been in place since the rally from the January low around 0.6590. The Stochastic Oscillator has pulled back from the overbought zone and is drifting sideways in neutral territory, suggesting momentum is cooling without turning bearish. A sustained break above the 0.7150 area would open a path toward the 0.7200 round number, while a loss of 0.7000 would shift focus toward the 50-day EMA.AUD/USD Daily chart
Australian Dollar FAQs What key factors drive the Australian Dollar? 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. How do the decisions of the Reserve Bank of Australia impact the Australian Dollar? 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. How does the health of the Chinese Economy impact the Australian Dollar? 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. How does the price of Iron Ore impact the Australian Dollar? 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. How does the Trade Balance impact the Australian Dollar? 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.

OCBC’s Sim Moh Siong and Christopher Wong note that USD/SGD is retracing earlier losses seen after US tariff headlines, with softer risk appetite and reduced expectations for MAS tightening in April weighing on the Singapore Dollar. Headline CPI matched forecasts but a surprise dip in core inflation has reinforced the house view that MAS will hold policy in April and monitor subsequent inflation data.Core inflation surprise supports rebound"USDSGD’s earlier losses post-US tariff announcement showed signs of unwinding.""Softer risk appetite and slight pare back in expectations for MAS to tighten in Apr (following the pullback in core CPI) were some factors behind SGD’s underperformance overnight.""Our economist highlighted that headline CPI was in line with our forecast at 1.4% YoY, but the dip in core inflation to 1.0% YoY was a surprise which was attributed to an easing in services inflation.""Our house view continues to look for MAS to hold in Apr and to monitor for further inflation prints."(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}GBP/JPY surges as Sanae Takaichi questions pace of hikes by Kazuo Ueda.Technical bias remains bullish after rebound from 100-day SMA near 207.60.Break above 211.00 opens path toward 214.44, though intervention risks may cap gains.The Pound Sterling advances versus the Japanese Yen, in the aftermath of comments that the Japanese PM Takaichi expressed her concerns about additional rate hikes to Bank of Japan Governor Kazuo Ueda, as the central bank seems poised to resume its normalization of monetary policy. At the time of writing, the GBP/JPY trades at 210.34, posting gains of over 0.80%.GBP/JPY Price Forecast: Technical outlookThe GBP/JPY technical picture shows the cross remains upward biased after finding support at the confluence of the 100-day SMA and a support trendline at around 207.62, clearing the 208.00 figure, extending its gains of over 160 pips.Momentum as depicted by the Relative Strength Index (RSI) is about to turn bullish, but fears of a possible intervention in the FX markets by the BoJ or Japanese authorities, can cap the cross-pair advance.Immediate resistance is pegged at the 210.50 area, followed by the 50-day SMA past the 211.00 figure at 211.02. A breach of the latte r clears the way to challenge the next key swing high at 214.44, the February 9 high.On the downside, support is seen at the February 16 high turned support at 209.68, followed by the February 23 daily low of 208.14. Should the 208.00 figure gives way and the focus shifts towards the 100-day SMA.GBP/JPY Price Chart – Daily GBP/JPY Daily Chart Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.20% -0.04% 0.59% 0.20% 0.33% 0.36% -0.04% EUR -0.20% -0.19% 0.40% 0.03% 0.12% 0.17% -0.15% GBP 0.04% 0.19% 0.78% 0.20% 0.29% 0.36% -0.02% JPY -0.59% -0.40% -0.78% -0.40% -0.22% -0.27% -0.68% CAD -0.20% -0.03% -0.20% 0.40% 0.17% 0.12% -0.26% AUD -0.33% -0.12% -0.29% 0.22% -0.17% 0.04% -0.37% NZD -0.36% -0.17% -0.36% 0.27% -0.12% -0.04% -0.38% CHF 0.04% 0.15% 0.02% 0.68% 0.26% 0.37% 0.38% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).