When inflation stops being high and sticky, the Bank will act

VaselineOctober 8, 2024

0 1 minute read

When inflation stops being high and sticky, the Bank will act

Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser speaks at the Walkley Foundation in Sydney.

Key quotes

When inflation stops being high and sticky, the Bank will act.

US inflation nears target, Australia lags behind.

Expect core to hit target but inflation lingers.

Bringing down inflation is an important task and we are not done yet.

The bank must remain strong in the fight against inflation.

Market reaction

AUD/USD is down following dovish RBA commentary. The pair was last seen trading at 0.6735, still down 0.33% so far.

Australian Dollar PRICE Today

The table below shows the percentage change of the Australian Dollar (AUD) against the major listed currencies today. The Australian dollar was the weakest against the Japanese yen.

	USD	EURO	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.04%	-0.08%	-0.34%	0.02%	0.30%	-0.04%	-0.09%
EURO	0.04%		-0.03%	-0.28%	0.09%	0.35%	-0.01%	-0.05%
GBP	0.08%	0.03%		-0.25%	0.09%	0.38%	0.01%	-0.02%
JPY	0.34%	0.28%	0.25%		0.47%	0.63%	0.27%	0.25%
CAD	-0.02%	-0.09%	-0.09%	-0.47%		0.28%	-0.06%	-0.11%
AUD	-0.30%	-0.35%	-0.38%	-0.63%	-0.28%		-0.36%	-0.39%
NZD	0.04%	0.01%	-0.01%	-0.27%	0.06%	0.36%		-0.03%
CHF	0.09%	0.05%	0.02%	-0.25%	0.11%	0.39%	0.03%

The heatmap shows the percentage changes of major currencies against each other. The base currency is chosen from the left column, while the quoted currency is chosen from the top row. For example, if you choose the Australian dollar in the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will be AUD (base)/USD (quote).

VaselineOctober 8, 2024

0 1 minute read

Key quotes

Market reaction

Australian Dollar PRICE Today

Vaseline

Related Articles

The US dollar sees traders fleeing the greenback with China’s stimulus triggering the exodus

Bonterra Energy: Earnings turn to oil as recovery continues

Bulls turn cautious amid modest USD strength ahead of US data

Middle East Tensions Trigger Stock Selloff, Bitcoin Falls to $60,246