AUD/USD trades about 0.13% higher near 0.7217 in European trade Monday — the highest in over three months — as RBA September hike bets firm after Q2 GDP.
AUD/USD trades about 0.13% higher near 0.7217 in the European session on Monday — the highest level in over three months.
Markets lean toward an RBA hike later this month after stronger-than-expected Q2 GDP — 0.4% quarter on quarter and 2.1% year on year — with Rabobank on this page saying the print “likely nails an RBA rate hike this month.” Focus turns to RBA Deputy Governor Andrew Hauser’s ABC interview on Tuesday evening. Commonwealth Bank strategists say the Aussie could stay near 72 cents for most of the week, especially if Hunter sounds hawkish — that is the wording on this page.
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EUR/GBP loses ground to around 0.8585 in early European trade after Destatis July industrial production fell 1.1% m/m. Consensus +0.3% and Destatis-side forecast +0.1% are both quoted; they are not averaged.
EUR/USD hovered just above 1.1610 at the European open Monday despite Germany’s July industrial production falling 1.1%. Destatis forecast +0.1% and a separate consensus at 0.3% are both quoted.
The Indian rupee strengthens versus the dollar on Friday, with USD/INR near 94.49 after a prior-day two-month high at 94.29. SocGen stamps RBI FX mobilisation at $136.38 billion. NFP PRE only — three consensus stamps quoted separately.