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Source: Action Forex News Agency
1 month ago
Forex Medium Importance
EUR/AUD: Two Central Banks on Hold, One Triangle About to Break

EUR/AUD: Two Central Banks on Hold, One Triangle About to Break

Overnight, the RBA held its cash rate steady at 4.35%, as widely expected after June's inflation data came in softer than forecast at 3.8% headline. Yet the accompanying statement struck a notably cautious tone, warning that trimmed mean inflation remains elevated and largely unchanged from the March quarter, with oil and related commodities still trading above pre-conflict levels due to the ongoing Middle East crisis.

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Source: Action Forex
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