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RBA April Board Minutes will be closely scrutinised - TDS

According to analysts at TD Securities, tomorrow’s RBA Minutes for the April Board meeting will be closely scrutinised for any clarification around the addition of a line at the end of the policy statement.

Key Quotes

“The addition of “The Board will continue to monitor developments and set monetary policy to support sustainable growth in the economy and achieve the inflation target over time.” was widely interpreted as the RBA sending an easing signal at the May Board meeting. With an election and fiscal boost around the corner we see a May cut as highly unlikely.”

US Dollar Index clings to gains near 97.00, US data eyed

The greenback, in terms of the US Dollar Index (DXY), is now looking to extend the bullish attempt to the 97.00 region after a negative performance du
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USD/CHF Technical Analysis: Symmetrical triangle on hourly chart signals return of 1.0000

Short-term symmetrical triangle on hourly chart of the USD/CHF pair signals come back of the parity level.
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