Federal Reserve Chair Powell is speaking today, Tuesday, 7 February 2023 at 1740 GMT, 1240 US ET.
I thought we might be languishing ahead of that but FX has other ideas. AUD, NZD, GBP, yen, CAD are all higher against t the US dollar. EUR/USD is up also but not performing so well.
Apart from what has been posted there is no fresh news nor data,.
The next event of note is the RBA statement due at 0330 GMT, 2230 US ET. A +25bp rate hike is widely expected.
- RBA preview: "much higher-than-expected inflation means (rate hike) is firmly in the bag"
- RBA rate hike expected today - preview
- RBA meet February 7 - preview. Poll finds 30 of 31 analysts expect a 25bp rate hike.
- Deutsche Bank forecast 25bp rate hikes from the RBA in February, March, May and August
- CBA forecast one more 25bp RBA rate hike, terminal rate of 3.35% (there's a 'but' though)
- RBA meet on February 7 - preview - 25bp rate hike cemented in, then another in March
- RBA "Shadow Board" recommends a +25bp interest rate rise on February 7
Reserve Bank of Australia Governor Lowe
