AUD – English
- The Australian dollar is pushing higher as traders now see a 70% chance of a rate hike at the March 17 RBA meeting. Inflation expectations have jumped to 5.2%, adding more pressure on the Reserve Bank to act and tighten policy further.
- RBA Deputy Governor Hauser flagged rising oil prices from the Iran conflict as a key inflation risk. This matters for traders because higher inflation makes it harder for the RBA to pause or cut rates, keeping policy tilted hawkish. With major banks like Westpac, NAB, ANZ and Citi now calling for a March hike, the market consensus is shifting firmly in favor of tightening.
- Westpac forecasts two consecutive hikes in March and May, potentially taking the cash rate to 4.35%. Higher rates typically attract more capital into AUD, strengthening the currency. With the economy running hot and oil prices adding to inflation, the rate path favors AUD bulls in the near term.
AUD – Urdu
- Australian dollar upar ja raha hai kyun ke traders ab samajh rahe hain ke 17 March ke RBA meeting mein rate hike ka 70% chance hai.
- Inflation expectations barh kar 5.2% ho gayi hain, jis se Reserve Bank par pressure barh raha hai ke woh policy ko aur tight kare.
- RBA ke Deputy Governor Hauser ne kaha ke Iran conflict ki wajah se oil prices barh rahe hain, jo inflation ke liye ek bara risk hai.
Sentiment : Bullish
