When is the RBA Rate Statement/Decision, and how could it affect the AUD/USD?

RBA Rate Statement overview

Early Tuesday at 03:30 GMT sees another go-around for the Reserve Bank of Australia (RBA) on interest rates and an updated rate statement, though movement on the policy front is far from expected by broader markets as the Aussie central bank continues to keep itself dug in at a firm rate of 1.5%, but today traders will be keeping a close eye on the RBA's dialogue, with extra focus on the central bank's inflation and growth expectations looking forward, as well as forecasts for the Aussie job market. Lending and credit conditions are also high up the list for central bank watchers, with an increasing number of policymakers showing concern about tightening lending requirements.

How could it affect the AUD/USD?

The AUD/USD has already been teasing into a bullish stance recently, helped along by sporadic Greenback-selling, and as noted by FXStreet's own Omkar Godbole, the Aussie sees growing potential for a bullish extension as long as the RBA doesn't deliver any nasty surprises: "the AUD found acceptance above the long-term falling trendline and the key 50-day EMA hurdle last week, validating the bullish divergence of the RSI and stochastic. Notably, the bullish breakout is backed by positive developments on the indicators. For instance, the RSI is printing bullish above 50.00 and the 5-day and 10-day EMAs are trending north in favor of the bulls. The rising MACD is indicating more gains could be in the offing. For AUD/USD, the path of least resistance is on the higher side. The immediate resistance of 0.7266 (100-day EMA) could be put to test in the short-term. A break higher would expose the next resistance lined up at 0.7318 (July 20 low). A break below the ascending 10-day EMA would neutralize the immediate bullish outlook.

Key notes

AUD/USD analysis: RBA meeting up next, credit conditions and labor market taking center stage

AUD/USD: Australian dollar attempts to breakout at 0.72105; RBA interest rate decision

AUD/USD Forecast: Has eroded 9-month-long falling trendline ahead of the RBA rate decision

About the RBA Rate Statement

Decisions regarding this interest rate are made by the Reserve Bank Board and are explained in a media release which announces the decision at 2.30 pm after each Board meeting.

About the RBA Rate Decision

RBA Interest Rate Decision is announced by the Reserve Bank of Australia. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD following higher than expected Aussie Unemployment Rate

AUD/USD fails to cheer an increase in Employment Change. The pair declines to 0.6678 after flashing the intra-day low of 0.6668 as Australia’s employment data disappoints Aussie traders on early Thursday.


USD/JPY bulls catch a breath near multi-month top, stays above 111.00

USD/JPY seesaws around 111.30 at the start of Asian session. The risk barometer surged to the highest in nine months the previous day as Chinese authorities manage to placate traders. The pair consolidates gains following FOMC minutes.


Gold breaks to near 7-year highs amid coronavirus fears, next target is $1,617

Gold prices have extended their gains and have topped $1,611.42, the previous 2020 peak. XAU/USD is now trading at the highest levels since March 2013. Back then, it hit a high of $1,617, which is the next upside target.

Gold News

WTI upside remains capped by $53.00 ahead of API

WTI oil stays upbeat, following the run-up to the monthly high before a few minutes, as taking rounds to $53.70 amid the initial Asian session on Thursday. The black gold recently benefited from the weekly inventory data from the API.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info